Understanding The Risks Involved In Peer To Peer Lending
Keep on reading to know about risks associated with peer to peer lending. Risk Of Default Although all peer to peer platforms lend money to creditworthy borrowers who have a good credit history and can afford to repay the loan amount, still there exists a risk that some borrowers may default on their loans. It can happen due to unforeseen circumstances such as illness or loss of a job, or it can be a result of a deliberate attempt to defraud....