Squirrel Money P2P

[winner69]

The way I see it, spliting loans is not required as it doesn't matter which investor holds a loan gone bad as everyone else chips in to cover regardless of the size.

eg there is no difference between me having a 10k loan go bad and splitting that orginal loan 5k each with someone else and it going bad. Everyone else still will be covering the loan payments via loan sheild.

It's basically P2P socialism.

Love that P2P socialism comment

Capitalists would not be too impressed

I have the feeling that corporates are hijacking P2P and that it has now a long away from the original concept of what P2P lending.was meant to stand for.