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What Is Peer-to-Peer (P2P) Lending?

By Mike PriceUpdated Dec 12, 2024 at 11:29 AM

Key Points

  • P2P lending offers loans through online marketplaces, cutting paperwork and traditional credit checks.
  • Borrowers may face higher fees in P2P lending, but benefit from flexibility and potentially lower rates.
  • Lenders in P2P platforms can achieve higher returns by funding diverse, higher-risk loans.

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