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Security in this system is very less viruses, spywares,trojans, etc malwares can easily transmitted over this P-2-P architecture. Data recovery or backup is very difficult. Each computer should have its own back-up system

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10y ago

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What are the advantages and disadvantages of peer to peer lending?

Peer-to-peer lending offers the advantage of potentially higher returns for investors and easier access to loans for borrowers. However, it also comes with risks such as the lack of regulatory oversight, potential for default, and limited recourse in case of borrower non-payment.


What are the options for obtaining peer to peer loans for individuals with bad credit?

Individuals with bad credit who are seeking peer-to-peer loans have a few options available. They can explore peer-to-peer lending platforms that specialize in connecting borrowers with poor credit to willing lenders. Additionally, they can consider finding a co-signer with good credit to increase their chances of approval. It's important to carefully research and compare different peer-to-peer lending options to find the best fit for their financial needs.


Best available secured peer to peer lending, worthwhile.?

Peer to peer lending was originally designed to create personal connections, however, it can be quite problematic. Specifically, with peer to peer lending the chances of money loss is high and the amount higher than with other loans. As such, it is not worth it. Some companies you can find price quotes and reviews on include the Lending Club.


What are the regulations and risks associated with peer to peer borrowing in the UK?

Peer-to-peer borrowing in the UK is regulated by the Financial Conduct Authority (FCA) to ensure transparency and protect consumers. Risks include the potential for borrowers to default on loans, lack of deposit protection, and the possibility of platform insolvency. Investors should carefully assess the risks before participating in peer-to-peer lending.


What are the regulations for peer to peer lending in Ohio?

Peer-to-peer lending in Ohio is regulated by the Ohio Division of Financial Institutions. Lenders must obtain a license and comply with regulations to protect borrowers and ensure fair lending practices.