Much of the content of this blog has been dedicated to investing in unsecured peer to peer loans with Lending Club and Prosper. However, there is much more to the industry than the potential for solid returns.  Consolidation of credit is the main reason for people to apply for peer to peer loans.  These are real people who can benefit immensely from receiving a lower rate than their credit cards charge - eventually breaking free from debt altogether. In this post, I’ll outline a few of the benefits of getting a loan through Prosper or Lending Club for borrowers. [Read more...]