Peer-to-peer (P2P) lending is one of the most innovative investment models out there, and I’ve recently become a big fan of it. There are plenty of reasons to get on board with P2P lending, and I’m going to share my top five in this article.
**1. Getting Rid of the Middleman**
P2P lending platforms like LendingClub and Prosper are fantastic because they let regular people like us lend and borrow money directly from each other. No banks are involved—so no need to deal with bank staff, meetings, or complicated processes. It’s just straightforward lending between individuals.
What I really like is the simplicity. After the economic crash, banks have gotten a lot of bad press, and for good reason. It’s great to see people moving away from relying on banks and helping each other out instead.