People borrowing and lending money to other people. As said on the site, “It’s an old idea that’s new again.” As a borrower you set your own interest rate as high or low as you can afford. As a lender you bid on different borrowers with an amount you are willing to lend and a rate you think is fair. Then, each month, the borrowers’ payment is deducted from their bank account and deposited into the lenders’ account.

“The online marketplace for people-to-people lending - Join the community that connects trusted borrowers with fair lenders.”

If you are a borrower you pay a 1% or $25 (whiever is higher) fee, however there is no fee to simply use the site. Check it out here.

People borrowing and lending money to other people. As said on the site, “It’s an old idea that’s new again.” As a borrower you set your own interest rate as high or low as you can afford. As a lender you bid on different borrowers with an amount you are willing to lend and a rate you think is fair. Then, each month, the borrowers’ payment is deducted from their bank account and deposited into the lenders’ account.

“The online marketplace for people-to-people lending - Join the community that connects trusted borrowers with fair lenders.”

If you are a borrower you pay a 1% or $25 (whiever is higher) fee, however there is no fee to simply use the site. Check it out here.