Same day and emergency loans, whilst not as popular as they were in their heyday of 2011 (source: Google Trends), are still sought after by millions of people each year (source: Growing Power). There has been much talk about this kind of high-cost short term borrowing, not all of it positive, but the truth is that there are good points and bad points when it comes to these sorts of loans. Let’s examine both the good and the bad.
Peer to peer lending (or P2P lending) has grown in popularity in the last 10 years. Sites such as Zopa and RateSetter have grown their user bases significantly as this more modern, albeit slightly esoteric, method of lending has become more mainstream. See below (source): So if you are new to P2P lending – what […]