Peer to peer lending must have hit the big time: the Idiot's series is offering a book on the topic in print.
One of the book's authors, Beverly Blair Harzog, shared tips for potential borrowers at FiveCentNickel.com: Five Things to Know About Getting a Person-to-Person (P2P) Loan.
Borrowing from P2P lenders is not entirely different from borrowing at the bank. You need good credit and income to repay the loan. However, different lending services work differently, so it's worth shopping around before you apply for a loan. Some are more flexible than others, and your choice of lenders may determine whether or not your loan is funded.
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