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.

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.

Internet has made peer lending a possibility for almost everyone, but is it a good idea? Here's what you need to know before borrowing or lending.

There are two ways to approach peer lending (P2P): as a borrower or as a lender. But no matter who you are, there are a number of distinct benefits you can take to strengthen your current financial situation and future that will help you Saving money and getting out of debt.

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 platforms are not willing to offer you a loan because of your bad credit score?

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

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 worldwide.

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.