Unsecured P2P loans
LoveP2P lending has emerged over the time to be more beneficial than the payday loans or bank loans, as the peer to peer loans are distributed by the lenders in the form of slices while borrowers are offered various advantages. Borrowers do not have to set up any mortgages, as the loan offered is an unsecured loan. The borrower is offered low rate bids through the social lending platforms. The most popular p2p lending sites in UK are Zopa, YES-secure.com, Ratesetter while in US there are Prosper and Lendingclub
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