Good Finance is one of the most important portals in content creation about P2P lending in the world. Recently they generated an interesting article called “The seven reasons why you should lend money to a stranger.” On this occasion I would like to share it with you, adapting some of the most important issues to the P2P system that we will handle.

Only the best applicants

One of the main reasons to encourage you to lend money through a P2P platform, is that you have a high and strict quality control, so you will always find reliable people in whom to deposit your money.

True, they will be completely unknown, but you will be sure that they will also have a high level of solvency.

Strict control of risks

For an applicant to be accepted on our platform and to access financing, they must have a passing score in the risk analysis we perform. The basis for obtaining reliable SMEs is to carry out a strict and rigorous validation process ”.

In this link you will know what is needed and everything we look for so that a SME can be considered as subject to credit for our platform.

You decide who to lend to

Founder of Good Finance, he explains that the biggest advantage of P2P loans is that the financier has the freedom to choose who to lend his money to.

Instead of investing your money in difficult-to-understand financial products, you can decide to read a company that wants to buy new machinery or expand its production plant.

You don’t have to be rich to invest

Those who think you need to be wealthy to invest money are wrong. With P2P loans around the world this has been proven. Peter Renton explains: “One of the best things about P2P loans is that you can invest as little as € 25 and start building your investment portfolio”

In the world there is a percentage of non-payment of 3-4% per year

Do you think they won’t pay you? Perhaps this is the main factor for not wanting to lend money through a P2P platform. However, the numbers show the opposite, as it has been shown that the risk of default is far from high with only 3-4% per year.

Even the most important platform makes its economic data public

The total transparency of P2P platforms shows us a new modern alternative to the current banking system. In this regard, Peter Renton believes: “Loans between individuals have a spiral of transparency.”

That is why we are building a site where you will not find small letters, hidden commissions or extra payments.

Consumer credit has been one of the highest returning asset classes for decades.