Peer to Peer Lending – Are You a Saver Or Investor?

photo credit: michale

Social lending or peer to peer lending begins with the idea that people are willing to lend other people money. If you have not heard of it before you are not alone, but it is a growing trend. The most basic definitions are individual investors loan money to individual borrowers. Revolutionary idea right? Well, actually it isn’t and here is why.

Banks have been doing this for hundreds of years. They take depositors money and make loans and mortgages with it. They pay a low interest rate to the depositor of the money and collect a higher interest rate from the borrower. So in a way people have been lending to people indirectly for a long time. Read more »

Personal Loans – Lending a Helping Hand to Married Couples

photo credit: hsingy

As if married life wasn’t hard enough already, most newlywed couples are now finding setting up home more difficult than it used to be. With the price of everything constantly on the rise, not only is the wedding costing an arm and a leg but so is everything else.

From a survey that was recently taken out, over half of the couples surveyed mentioned that they run into financial difficulties within the first 18 months of marriage and most of the time it has been put down to poor financial planning. One in ten of these couples also said that the financial difficulties were causing unexpected pressure and strain on the marriage.

After forking out a lot of money on a wedding, many people decide to start a family which brings many more financial implications and difficulties. With the new family there comes the need for a bigger home and then the need to redecorate as well as the need to purchase some major domestic appliances such as washing machines and cookers. All of this doesn’t come cheap and the money has to be found one way or another. For inexperienced couples it can be a very hard task the first time around and so financial advice from an expert is highly recommended. Read more »