Nope, peer to peer is not what the idea was about – these guys are just wannabe banks and those that survive with end up being as bad as banks – the idea was about keeping interests rates cheap, not avoiding credit checks.
P2P lenders warned to pay attention to their cashflow
Business advisory group Duff & Phelps has urged peer-to-peer lending platforms to look at their cashflow to forecast potential problems and act early. Mark Turner, managing director, regulatory consulting at Duff & Phelps, said platforms should keep... #ChrisMcLean #Duff&Phelps #GrantThornton
Nope, peer to peer is not what the idea was about – these guys are just wannabe banks and those that survive with end up being as bad as banks – the idea was about keeping interests rates cheap, not avoiding credit checks.
Peerform has the best current rates- you don’t need an app really, just an account.
It exists already – called peer-to-peer investing, there are sites and apps for it already.