LENDING WORKSis a peer-to-peer lending investment platform which offers peer to peer personal loans. It targets lower risk consumers with higher credit ratings.
Lending Works offers lenders peer to peer loans to creditworthy borrowers and is very picky choosing borrowers. Lending Works is unique in that not only does it have a provision fund which is paid for by loan borrowers, it also carries insurance to protect against defaults due to borrower job loss, accidents, sickness, death, fraud, and cybercrime.
Lending Works is one of the safer peer to peer lending companies offer lending via accounts that are protected by insurance to cover missed loan repayments due to borrower job loss, accidents, sickness, death, fraud or cybercrime. Lending Works is extremely simple to use. Deposit your money, select a three or five-year term, decide between reinvestment or two different withdrawal options, and set-and-forget.
Lending Works describes the breakdown of its investor base on its website: The majority of lenders on the Lending Works platform are consumer (83%), male (67%), and aged between 50 and 64 (42%).