I’m researching and writing a paper regarding the US peer-to-peer (P2P) lending markets. (1)If you have ever used or have been tempted to use micro-lending for personal gain how has this new trend of lending/borrowing benefited you, (2)what/how do you think these companies can change and/or add to better benefit the consumer, and (3)what segmented markets are still untapped? Thank you
Posts Tagged ‘industry’
What can the peer-to-peer lending industry change or add to better benefit consumers?
July 19th, 2010What can be done about predatory lending practices in the student loan industry?
March 6th, 2010More and more students are graduating with loads of debt from “private lenders” (ex. Sallie Mae, Wells Fargo, Xpress Loans) who make loan terms unclear, and repayment plans ambiguous. These loans can rarely be consolidated, have high interest rates, are non-dischargable in bankruptcy, and have very high payments. Congress is realizing that something must be done to alleiviate the burden on the students that fell victim to these lending practices by the banks. What remedies do you think should be allotted these students? How do we fix problems within private lending so students can pay their loans while still maintaining a decent quality of life?