Loans person to person

If the bank does not pay, or pay exorbitant interests, individuals lend to each other. This is the philosophy that lies behind a recent phenomenon known as P2P Loans and Lending Person to Person (in English, Peer-to-Peer Lending).

Get credit for a particular via the Internet is relatively new in Spain, but not in the United States, where this business model has met four years. But P2P loans are also known as UK, Germany, Italy or Japan

trust
Loans person to person one of the most important aspects of loans person to person is trust. In the traditional offline model, this trust is deposited by the lender on receiving the loan and is based on the existence of a firm hope in returning the borrowed. This means knowing the person you are going to ask for money and have a sufficiently close relationship to it "Be wary" and pay the money. The trust must generate a priori, assuming a prediction meet a commitment, a statement about what is uncertain and can not be verified in this case because it refers to a future outcome will be the repayment of the loan plus interest.

The advantages of this method is that it eliminates the bank as an intermediary, putting together websites with lenders directly to those who need to borrow, with the advantage of lower rates than they would at a bank or through credit cards, while lenders get high returns on their investment, at least higher than deposit their money in a bank.