A Guide to Personal Loans – The 2.0 Way

With traditional banks tightening their lending practices, more people are turning to their peers to secure low-interest personal loans.  This new practice of people investing in creditworthy borrowers is becoming a hot trend that should not be overlooked.  It is estimated that by 2013 there will be $5 billion in outstanding peer-to-peer (or P2P) personal loans.

Unlike traditional loans where a borrower applies for money at a bank or financial institution, peer-to-peer personal loans connect creditworthy borrowers directly with investors. Just like an unsecured bank loan, borrowers have to be upfront with what the borrowed money will be used for.  In the age of social sharing, micro-loans, and web 2.0, see what else makes these personal loans worth looking into. Credit Sesame can help you find the right personal loan that meets your financial situation and goals. Register today, it's Free!

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<a title="Personal Loans and Peer-to-Peer Lending" href="http://www.creditsesame.com/blog/a-guide-to-personal-loans/"><img src="http://www.creditsesame.com/wp-content/uploads/2011/01/PEER-TO-PEER1.png" alt="Personal Loans and Peer-to-Peer Lending Infographic" width="960" height="2485" /></a><br /> Peer-to-Peer Lending Personal Loan Infographic provided by CreditSesame.com where you can get advice on <a href="http://www.creditsesame.com/debt/peer-to-peer-lending-and-personal-loans-just-got-easier/">peer-to-peer lending</a>