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Peer to peer lending is often considered to be riskier than other types of investment . Looking at peer to peer lending sites like Lending Club , the investment risk is at your own risk and if you are not able to damage the state is not your investment . Mentioned in their prospectus with the SEC , and this indicates that investors worse case scenario . The entrance is often enough to scare people away . Peer to peer lending is why it is so dangerous that if the debt is risky ?
The risk is in the nature of the issue of the amount of the loan . It is unprotected . Means , such as in an auto loan or mortgage is a loan to support the real collateral . There is only a promise to pay off the loan to the borrower . This is not the only type of unsecured debt . Each credit card has a store credit secured loan . Unsecured loans or credit lines to the fact that they carry higher interest . The same is true of peer to peer lending .
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How to peer to peer lending is different than a credit card ? The maturity of the loan to pay off , or in there . The loans are typically three years . The borrower pays installments and minimums . The goal is to completely pay off the loan by the word .
So how loans are risky ? That they often carry other types of credit cards and unsecured debt . Others , or that the risk of late payment , but many steps can be taken to reduce this risk by lending to companies .
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Posted By - Kip Lyda
