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Pros and Cons of Peer-to-Peer Lending

April 27, 2016

Peer-to-peer lending can be the answer to all kinds of situations in which you need to get your hands on some cash. Maybe you want to reduce or consolidate debt, buy a car, start a small business, pay for a wedding or replace a washing machine that just died.

Maybe friends and relatives can’t lend you the money, or you’re afraid the banks will deny your loan application. If you want to avoid accumulating credit card debt, a peer-to-peer (P2P) loan could be the solution for you.

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