How much do you know about peer-to-peer lending? Peer-to-peer lending enables borrowers to obtain a loan where investors purchase the note and back the payments. According to a recent banking and finance industry report, Lending Club and Prosper Marketplace are two of the biggest players in the U.S. peer-to-peer lending market. Both lending platforms were established in 2006. Lending Club has a market value of US$2.4 billion and Prosper Marketplace’s value is US$1.9 billion. This is a lending option more U.S. consumers are starting to consider when they need a personal loan. Visit our website for more of the latest in business news and industry trends. https://premiercomputing.com
