Peer to peer loans are the financial transaction of borrowing and lending between individuals without the involvement of a traditional financial institution. People, or “peers”, have been lending money to each other since the advent of currency. But peer to peer lending had always been between acquaintances, friends or family. The internet has revolutionized this form of lending and People Capital is the leader in Peer to Peer Student Loans.
With People Capital’s lending platform it has never been so easy to get a reasonable student loan. For most students the problem with taking out a loan isn’t bad credit, its short or no credit history. With People Capital’s Human Capital Score there is a new way to evaluate credit worthiness and the ability to pay back a loan on time. The Human Capital Score assesses students based on data like standardized test scores, GPA, college attending and major.
This is beneficial to both students, who can receive loans at a more reasonable rate, and for lenders who can invest in not just in stocks and bonds but also in the education of individuals. Lenders receive verifications of student enrollment, as well as an assortment of credit risk analytic tools.
For more information visit www.People2Capital.com