- High borrowing amounts
- Helpful customer support
- Few additional fees
Peerform
Fortunly’s Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Peerform is a lending company headquartered in New York, which provides those with less-than-perfect credit scores with a chance to obtain funds that they wouldn’t be able to get anywhere else. Read Review
- Low credit score requirements
- Soft credit check
- Wide personal loan selection
How We Review Peer-to-Peer Lending Companies
If you’ve been denied a loan from a brick-and-mortar bank or conventional online lender, there are still options for you to explore. Peer-to-peer funding is offered both to businesses and individual applicants alike. It works differently from the financing you may have received or applied for in the past.
So, how do person-to-person loans work? P2P lending sites connect prospective borrowers directly with suitable lenders. Instead of borrowing from a financial institution, applicants receive funding from an individual or group of investors willing to loan them the money. By removing the middleman, P2P lending platforms can offer better rates and terms than traditional lenders.
However, given that no two lending e, it’s important to compare multiple peer-to-peer lending sites before choosing the best provider for your needs. To help you find the most suitable option, we’ve broken down our methodology into two large sections. Continue reading “It connects you with investors willing to fund loans for a variety of purposes”