Peer-to-Peer Lending

Gary North

July 17, 2010

A way to get a much higher interest rate on your money is to join a peer-to-peer lending club. The borrowers are screened: good credit rating. They pay a higher rate to get a loan, now that banks are not lending. So, you get a much higher rate: sometimes double-digit. You do not get FCIC insurance.

There are several of these firms. Here is a list of them:

http://bit.ly/PeerLending

Lending Club and Prosper Marketplace are two of the bigger ones.

Take a look at the deals. By pooling loans, the lenders reduce risks of default.

For 250+ other tips, go here:

//www.garynorth.com/public/department54.cfm