To be honest, I just know about peer to peer landing, after
reading blog mint article. The aim the peer to peer landing is to reach the
people that can borrow from financial institution such as bank and credit
union. We or you can find a man who
wants to lend you some money.
This facility connects a people that need money and others
that need to lend. The lender want to lend the money to get the interest; while
the borrower want to borrow money for business or paying off credit card. The lender
realizes that the money so abundant but they do not know to use the money.
It seems easy to lend some money from other now. As long you
have good credit points you will get the credit easily. The interest is lower
than the bank. That is why some credit
card uses this for credit card consolidation.
Peer to peer landing is credit even though this is cheaper
than any credit. You still have to pay the credit. I am not recommend use the peer to peer
because it may harm your money. I prepare not to borrow to pay of my debt.
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