{"id":103,"date":"2013-06-18T06:32:19","date_gmt":"2013-06-18T06:32:19","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=103"},"modified":"2013-06-18T06:32:19","modified_gmt":"2013-06-18T06:32:19","slug":"peer-to-peer-lending","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=103","title":{"rendered":"Peer to Peer Lending"},"content":{"rendered":"<p>In these historically low interest rate times, looking for a better interest rate is hard. Also when credit is constrained, and banks are unwilling to lend, their is new source of credit. That is Peer to Peer lenders.<\/p>\n<p>A new innovation is Peer to Peer lending, where people pool deposit money together with effectively a broker, who then credit assesses potentials lenders, and then lends the money out for a small management fee.<\/p>\n<p>In the UK, <a title=\"Zone of Potential Agreement\" href=\"http:\/\/www.zopa.com\" target=\"_blank\">Zopa <\/a>and <a title=\"The Funding Circle\" href=\"http:\/\/www.thefundingcircle.com\" target=\"_blank\">The Funding Circle<\/a> are making great inroads into this market place.<\/p>\n<p>What is now interesting, that this ability to create a new pool of lenders from new creditors, is a force that is actually being seen as a force for change in the banking world.<\/p>\n<p>Andrew Haldane at the Bank of England, is quoted as saying &#8220;innovations in commercial peer-to-peer lending, again using the web as a conduit, could make some bank functions surplus to requirements&#8221;<\/p>\n<p>A good article from the Bank of England:-<\/p>\n<p>[<a title=\"Bank of England Article\" href=\"http:\/\/www.bankofengland.co.uk\/publications\/Pages\/news\/2012\/029.aspx\" target=\"_blank\">http:\/\/www.bankofengland.co.uk\/publications\/Pages\/news\/2012\/029.aspx<\/a>]<\/p>\n<p>and a paper:-<\/p>\n<p>[<a title=\"Andrew Haldane Speech\" href=\"http:\/\/www.bankofengland.co.uk\/publications\/Documents\/speeches\/2012\/speech552.pdf\" target=\"_blank\">http:\/\/www.bankofengland.co.uk\/publications\/Documents\/speeches\/2012\/speech552.pdf<\/a>]<\/p>\n<p>In the low interest climate, a peer to peer lender can get 5%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In these historically low interest rate times, looking for a better interest rate is hard. Also when credit is constrained, and banks are unwilling to lend, their is new source of credit. That is Peer to Peer lenders. A new innovation is Peer to Peer lending, where people pool deposit money together with effectively a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-103","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=103"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/103\/revisions"}],"predecessor-version":[{"id":104,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/103\/revisions\/104"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}