Peer-to-peer lending is a contemporary name for an old practice. People (peer lenders) lending funds directly to family, friends, and acquaintances. The modern p2p website utilizes the internet to introduce borrowers and lenders investing in p2p loans.

Are you in dire need of urgent capital to embark on a highly promising business endeavor, but all traditional banks and even the leading peer to peer lending sites bad credit are not willing to offer you a loan because of your bad credit score?

The UK is renowned for its robust economic muscle. However, this has not been the case all through. A barrage of disappointing financial reports proved one of the most recent UK Recession in 2008-2009. This economic recession in the UK affected many areas including banking and investment firms.

Transparency is something that the financial service sector has long been lacking. In fact, peer-to-peer lending rose to prominence on the back of a loud public call for more transparency and less corporate greed. Traditional P2P marketplace lending has transparency at its core.

More and more consumers want to cut out Banks and credit card companies and lend directly to each other. P2P Lending is one form of crowd financing and investment used to finance loans that are repaid with interest.

Peer-to-peer lending, sometimes abbreviated to P2P lending, is the practice of lending money between individuals. The act of lending from one individual to another has existed for many years, and often done through informal agreements.

P2P Lending, also known as peer to peer lending or crowdlending is the new practice of giving money to businesses or individuals on the understanding that it will be repaid back.