Few people are even aware of peer to peer lending, but this will surely change in the coming years as this industry grows. Unfortunately, lending through peer to peer companies like Prosper and Lending Club can be complicated for the average investor.
Average savings account rates in the United States are sunk below 1%. The stock market is tumultuous and volatile to a degree that makes average investors wary of entry. In contrast, peer to peer lending offers a return on investment above 10%, and does so consistently. The site www.LendingMemo.com is launching today to help spread the news about peer to peer lendings viability as this amazing avenue of investing. Each week, long form articles of instruction and commentary will be released to help educate the public about how to begin borrowing and investing through peer to peer lending.
LendingMemo.com is a peer to peer lending resource being launched out of Seattle. It is managed by Simon Cunningham.