Peer-to-peer lending for payday loans?

[gsartois]

I've been looking to get back into the p2p lending game after a five year hiatus. Last time I invested in peer-to-peer lending was through Lending Club and I saw about 10% ROI. Curious if anybody has had a chance to try out p2p for payday loans? I saw that there are a few lenders working on platforms to bring these loans to market. I imagine the ROI could be amazing, but I'm also weary since we're dealing with risky borrowers? Thoughts? Not even sure if this platform will be open to residents from other states, but I saw this blog post discussing a platform that a california lender is working on, for reference: https://www.mymillennialguide.com/peer-to-peer-lending-investing/

[Fred93]

I don't see a date on that article, so no way to know whether it is years old or what.

[lascott]

I don't see a date on that article, so no way to know whether it is years old or what.

Not sure what you mean. Is this not the date? 
Aside: Also I think one could put it in the way-back-machine/archive and see a calendar perhaps of add/changes.

[CharlotteE]

Thank you, the article is very useful. Can you suggest the same one about the European market?

[Charlie M.]

Thank you, the article is very useful. Can you suggest the same one about the European market?

Hey Charlotte!

Due to lack of replies from the other guys, I'm just jumping into the conversation here. Being from Europe, I actually think that there are some better alternatives to some of the bigger P2P lending platforms in the US like LendingClub and Prosper.

In general, the European market is booming with P2P lenders, and while there are some sketchy players on the market, you will also be able to find some real gems.

If you are looking for a P2P lending platform on the European market, you should definitely check out p2plendingsites.com. They feature a lot of different European platforms and also review them.

PS. I primarily use Mintos for payday loans, but also have a few loans from Envestio in my P2P portfolio

[CharlotteE]

Thank you, the article is very useful. Can you suggest the same one about the European market?

Hey Charlotte!

Due to lack of replies from the other guys, I'm just jumping into the conversation here. Being from Europe, I actually think that there are some better alternatives to some of the bigger P2P lending platforms in the US like LendingClub and Prosper.

In general, the European market is booming with P2P lenders, and while there are some sketchy players on the market, you will also be able to find some real gems.

If you are looking for a P2P lending platform on the European market, you should definitely check out p2plendingsites.com. They feature a lot of different European platforms and also review them.

PS. I primarily use Mintos for payday loans, but also have a few loans from Envestio in my P2P portfolio

Charlie M., thank you for advice. Actually, I’m looking not only for P2P opportunities. I’m interested in all methods of getting gains from the property without buying it - REITs, mutual funds, crowdfunding… The main thing - I want to invest all over Europe and to have a possibility to choose and manage my properties. This article says it’s impossible to combine: https://www.investopedia.com/articles/personal-finance/071015/reits-vs-real-estate-crowdfunding-how-they-differ.asp

Are you agree?
For example, I’ve found a crowdfunding platform, that offers assets in different European countries. Or, maybe, I misunderstood something? The company calls Realtybundles. Can you check it and tell me if I’m right? https://realtybundles.eu

[KentSantoro]

It's clear to me now. I'm glad there is a way to get the best small business loans. These days services provide loans completely via Intenet. All direct lenders provide loans with a fixed interest rate that never changes. If you are looking for financial help, loans may be a perfect option for you. These loans are created for the people who are willing to repay their loan in a short period of time, but not all at once. It's great that interest rate won’t go up with the time flow. Btw, there is no hidden fees.

[industrialloans759]

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[jeffreyroberts]

Any consumer or investor considering using a peer-to-peer lending site should check the fees on transactions. Every site makes money differently check this review, but fees and commissions may be charged the lender, the borrower, or both. Like banks, the sites may charge loan origination fees, late fees, and bounced-payment fees.