The many promotional articles on various sites about P2P lending made me interested in becoming a Lender (investor), with high profits of 20% per year. Next I can choose which business I will give funds to. But before that I want to know your opinion, whether P2P lending is profitable or risky.
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Peer to peer lending is profitable and also risky at the same time. It is profitable because you will receive your principal amoput along with the interest, and it can be a good source of passive income. It is risky because most of P2p lending are done over the internet and if the person runs away wRead more
Peer to peer lending is profitable and also risky at the same time. It is profitable because you will receive your principal amoput along with the interest, and it can be a good source of passive income. It is risky because most of P2p lending are done over the internet and if the person runs away without paying you back, your money will be gone forever as you cannot track this person and book by law.
See lessP2P lending can be both profitable and risky, depending on various factors. While the high profitability of 20% per year may sound appealing, it's important to consider the potential risks involved. P2P lending is not guaranteed, and there is a possibility of borrowers defaulting on their loans. ItRead more
P2P lending can be both profitable and risky, depending on various factors. While the high profitability of 20% per year may sound appealing, it’s important to consider the potential risks involved. P2P lending is not guaranteed, and there is a possibility of borrowers defaulting on their loans. It is crucial to thoroughly research and assess the platform, borrowers, and their creditworthiness before investing to mitigate the risks and make an informed decision.
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