Rather than go the Bank or the Family and Friends route more and more people have discovered ‘peer to peer’ banking.
Call it the developed world version of micro-lending.
The December Issue of Ode Magazine tells us about some of the options available and the thinking behind it in Think outside the bank by Janet Paskin.
A new addition to the field is Zopa US which opened for business only this week. They partnered with some credit unions to add some stability and help spread the word.
In Zopa US launches, Springwise goes over some of the fine points.
Are you using some of these services?
What has your experience been?
Is it more personable?