New Blog Dedicated to Peer to Peer Lending Launches
The new Social Lending Network is a blog dedicated to educating people about the world of peer to peer lending. It provides independent review, news and analysis of this burgeoning new industry.
Denver, CO (PRUnderground) November 30th, 2010
Peer to peer (p2p) lending is a new but growing industry where individual lenders and borrowers create and fund a loan without a banking intermediary. Lenders (or investors) can get a high rate of return, typically in the 6% – 15% range and borrowers pay a lower interest rate than they would if they were using credit cards to borrow money.
“Peer to peer lending is still a very new industry and I felt it was important to have an independent resource for news and analysis”, said Peter Renton, president of Renton Media LLC and chief blogger at the Social Lending Network. “Changes are happening rapidly in peer to peer lending so there needs to be a resource people can rely on to help guide them in making sound financial decisions. The Social Lending Network will do just that.”
The Social Lending Network will be providing readers with information about both borrowing and lending money through peer to peer lending platforms. “For investors it is very easy to lose money if you don’t know what you are doing,” says Renton. “For borrowers, in order for your loan to get funded there are certain best practices you should keep in mind.”
For more information about the Social Lending Network please visit www.sociallending,net.