How does P2P lending work? How exactly will it make difference?

Olivia Junior Posted on June 26, 2017 in Questions.
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Under the current “traditional” system, bankers do not risk their own money. Rather they risk their depositors’ money. Moreover, their willingness to take risks with their depositors’ money often leads to lucrative bonuses. When occasionally things turn sour at the bank, the government may be required to foot the bill. In P2P lending it is the individual who lends his own money and decides who to lend to and how much risk to take.

Francis Junior Answered on July 5, 2017.
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