Question

what is a peer to peer loan?
- a loan from one entity electronically matched to another entity without a financial institution in the middle
- a loan given without review of the borrower’s credit report or credit score
- a short-term loan at high interest rates initiated by a worker who needs cash immediately
- a type of loan where the title to an asset is used as collateral

Answers

Answered by GPT 3.5
A peer to peer loan is a loan from one individual or entity to another individual or entity, facilitated through an online platform without the involvement of a traditional financial institution. Borrowers and lenders are matched based on their financial needs and creditworthiness, and typically at lower interest rates than traditional loans.
Answer
select the correct answer.
Answered by GPT 3.5
- a loan from one entity electronically matched to another entity without a financial institution in the middle

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