Essay on How The Lending Club Operates A Credit Marketplace
H3 The Lending Club Peer-To-Peer Lending Business
The peer-to-peer business is risk adjusted in a way that means investors get a return on their investments, and borrowers are able to enjoy lower rates. The marketplace function means that both investors and borrowers have some control over interest rates. The investor may set a rate that he or she wishes to receive, and the borrower may search the rates to find the lowest rate available to him or her.
There are now quite a few peer-to-peer lending companies in the US, in Canada, the US and Australia, and this is fantastic because it takes business from banks and puts it back into the hands of private investors like you and me. Lending Club is a very large P2P marketplace that connects investors with borrowers. The Lending Club allows private citizens (consumers) to borrow from the P2P marketplace, and they allow small businesses to borrow…