Thinking about loaning money to your deadbeat uncle Lou to make a few extra bucks? Maybe peer-to-peer lending is a better idea. Simon Cunningham from LendingMemo.com joins in the fun this week to tell us how it works. If you’re a borrower, he’ll share the upsides of peer to peer loans (and the brutal truth about your credit score, the interest rate, and the amount you can borrow). If you’re an investor, he’ll share how to pick investments that match your risk tolerance, diversify your loan portfolio, and automate your system so you aren’t constantly reinvesting your completed deals.
Thanks to MagnifyMoney.com for sponsoring our show!
<> MagnifyMoney – StackingBenjamins.com/magnifymoney
The links we mention on the show.
<> Simon Cunningham – LendingMemo.com
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