What are Peer to Peer Loans?

A Peer to Peer Loan is an unsecured personal loan which is funded via other individuals investing their free cash for a return, rather than by banks or finance companies. Lenders such as Zopa or RateSetter link groups of people that want to invest money with people who want to borrow money.

Most Peer to Peer loans are offered to people with very good credit profiles, however they will consider people with modest credit issues at higher rates (and greater returns for investors).

Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk