What is peer to peer lending?

Peer to peer lending also known as person to person lending is a certain type of financial transaction which occurs directly between individuals or “peers” without the intermediation of a traditional financial institution.  So basically you’re borrowing money from people that have money to lend. 

One of the biggest companies in the United States that offers peer to peer lending is Prosper Marketplace Inc.

You can go to Prosper.Com right now and check it out.  If you have somewhat good credit then people will lend you money so you can pay for your aviation training or whatever else you need money for.  Prosper.Com also offers interest rates as low as 6.59%apr up to 35.84%apr depending on your credit score. If you don't now what your credit score is, you can check it out here: FreeCreditScore.com.