Guide to Peer-to-Peer (P2P) Lending

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What is Peer-to-Peer Lending?
P2P Lending Uses
How Does Peer-to-Peer Lending Work?
Can You Get a Personal Loan From an Individual?
Is P2P Lending Legal?
What Is an Example of Peer-to-Peer Lending?
Peer-to-Peer Lending vs Bank Loans
Advantages of Peer-to-Peer Lending
Disadvantages of Peer-to-Peer Lending
Finding P2P Lending Loans
The Takeaway
Frequently Asked Questions
Photo credit: iStock/Charday Penn
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About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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