Categoría Georgia best payday loans

However, most borrowers on the platform are younger and have limited credit and employment history

The platform provides a positive, transparent experience to both borrowers and investors. Most investors experience a solid risk-adjusted return and can create a custom portfolio based on their personal preference. Investors can also set financial goals and the system will show them the best way to allocate their capital to achieve those goals. This allows for a more diversified portfolio than other platforms.

Upstart

Founded in 2012, Upstart is a well-recognized peer-to-peer lending platform that has funded hundreds of millions of dollars in P2P loans and continues to expand. Upstart uses a basic scoring model to carefully vet all borrowers .

On the investor side, Upstart requires a minimum investment of $100 and has a 0.5% annual fee. It also provides an opportunity for investors to diversify their portfolios. Investors must be accredited, meaning they must have an annual income of $200,000 or more.

Once an investor funds a consumer loan, they receive principal and interest payments until the loan is paid off. Loan terms are generally 36 or 60 months, and approximately 90% of all loans are paid in full.

Payoff

A smaller P2P lender , Payoff has helped more than 100,000 borrowers meet their financial goals since its inception. Continuar leyendo: “However, most borrowers on the platform are younger and have limited credit and employment history” →