Peer-To-Peer Lending: The Future of banking
Private lenders can choose to fund or purchase entire loan. The format offers both an opportunity and a real threat for banks which currently qualify and package loans.
Individulas can choose time frame, amount and rate. Top sites so far are Prosper, Zopa,
Virgin money, and Loan market direct. More will follow. Money lenders find new freedom.
of choice and control in this new vitrual world. This industry is growing fast we are yet to see how our current baking system will weather the upcoming storm.