Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Several States Still Don't Allow Peer-To-Peer Lending Investments

Wednesday, November 14, 2012 - 5:45 AM
If you had considered peer-to-peer lending through companies like Prosper and Lending Club, you might be disappointed to learn that your state doesn't allowing these companies to accept investors from the state. This Free Money Finance post looks into this issue. It referenced this post at the Lend Academy blog which has a good review why some states don’t allow P2P lending investments. If you want to learn more about P2P lending and the risks, this Lend Academy blog post is a useful resource.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634