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P2P Lending - Where to Start?

Hi All,


As per thread title im thinking about using P2P to boost income but would like to know more before I dip in.


What are the best sites to do this through?


What type of loans do you look for in order to get a decent return but with the least risk?


What sort of money should I initially invest?


I see each loan has a loan duration, is this the amount of time it takes to get your return back?


It would be nice to hear from people already using P2P, what sort of returns they are getting and how they manage there money in these platforms etc.


Cheers.

Comments

  • Trentenders
    Trentenders Posts: 1,273 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi Krish,

    Your best bet is to take a look at http://p2pindependentforum.com/

    All the information you've asked for and more can be found there.
  • justme111
    justme111 Posts: 3,538 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I just started. It has taken me a few days of entertaining reading over the festive season to try and find the answers to similar questions. I do not feel I know them still but felt I knew enough to dip my toe into water.
    The word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
    Often people seem to use this word mistakenly where "quandary" would fit better.
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