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How peer-to-peer lending works - European Crowdfunding Network
Peer-to-peer (P2P) lending or social lending is essentially debt crowdfunding. P2P platforms bypass banks by connecting online lenders with borrowers for mostly small loans — like credit card debt — using proprietary technology to assess risk, creditworthiness and interest rates. Savers decide the amount they want to invest and the platform, or sometimes the lenderRead More