Why pay a bank 20% to borrow money on credit cards when you can borrow from your family for much less? This is the question that prompted Sir Richard Branson to create the peer lending company, Virgin Money. Branson had a personal run-in with a bank when trying to find startup money when he was a young entrepreneur. "I wanted to build a recording studio and I went to the ...
We have two mortgages on our house, the first with the bank and the second with our grandparents. When we needed money to buy our first home, the grandparents lent us about 20% of the total. It was a win/win, they were earning a higher interest rate on the money than they would have at the bank. Not only we were paying less interest than we would have ...
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Peer to peer lending is exploding into the personal loan marketplace. This is wonderful news for borrowers & lenders like you, the more options available the more choices you have for your money.
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