Free Video: What is Peer Lending?

Published on May 17, 2021

Popular YouTube videos relevant with Internet Business, Successful Investments, How Much Money Is Needed, and What Is Peer Lending, Free Video: What is Peer Lending?. Check out this free video on how you can use the new online lending phenomenon, Peer Lending, to get the money you need or to invest for returns higher than stocks and bonds! There are a lot of misconceptions about peer loans and online funding sources but this video answers the question, “What is Peer Lending?” in a way that’s easy to understand.

Peer lending has rocketed higher over the last few years and is becoming a common tool for borrowing and investing. Banks just are not lending anymore and traditional bond investments pay nothing. Find the answer you need in peer lending!

Be sure to subscribe to the PeerFinance101 channel and to click through to the blog. PeerFinance101 isn’t just another personal finance blog, it’s a place where you share your personal finance stories and we all learn together. Find personal finance tips on managing debt, paying off credit cards, investing as well as how to use peer lending.

What Is Peer Lending

What Is Peer Lending, Free Video: What is Peer Lending?.

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With rates so low, there is no mystery why people are looking for any way possible to get a better return on their savings. A number of people come together to invest in this business. The return on government bonds does not normally exceed 2%.

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Person-To-Person Loans – You Can Earn Better Returns

Mutual fund investments are designed for every-day people. Alternatively, consider making your payments via a secured credit card. Rising rates make them less attractive and less valuable as an investment alternative.

Folks always ask “what are the best short term investments?” and the answer is really quite simple. It is an individual preference. The best investments are obviously ones that you will make money from that is after all the goal in any investment vehicle.

It has been said by financial planners that diversification is an essential aspect to investing. P2P Peer-to-peer lending investment helps provide just that. You are investing in a complete different asset class, consumer credit, as asset class that is not available in most traditional investments. In 2008, almost every asset class lost value, making investing traditionally a bigger risk. With peer to peer lending you are adding more diversification to your investment portfolio.

Record everything down in a notebook. Keep track of contact names and their contact information. Along with that keep your contacts updated on what is going on during this whole process.

A new source of borrowing is called “Peer-to-peer lending”. This is where individuals put up money to loan to other individuals. The bank is by passed entirely. Now, this is a new format and it would be wise to check it out on the Internet and maybe the FTC. Just Google, “peer to peer lending”. You will find articles as well as websites and these can be great sources of information.

Avoid high-risk Investments. These include risky business ventures, highly speculative stock, tax avoidance schemes or too-good-to-be-true propositions that promise unusually high returns.

Why is this so? This is because some investments will fail at times. The good news is, your other investments will prosper. You can thank your strategy for buying investments that are different altogether in terms of their returns. This increases your chances of earning a net profit, in a bigger picture.

One, you can check out online lending institutions offering bad credit loans. There are quite a lot of them these days. But you need to be cautious, particularly when it comes to their terms and conditions. Two, you can also look up credit unions. These are generally non-profit organizations, so their interest rates and other terms may be more flexible. Three, you can also go for a peer to peer loan. This is where you’ll be borrowing directly from a private lender. It’s not highly recommended though, because it lacks formalities and the necessary protections. So carefully consider the pros and cons before you make your choice.

If the borrower doesn’t repay, they can collect money on your behalf or report the default to the credit bureaus. Property is not as safe as houses anymore and cash is losing real value all the time.

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