'Social' lending offers alternative when traditional lenders balk
WASHINGTON — In the wake of the subprime mortgage meltdown, traditional financial institutions have tightened up on who gets to borrow money. But some people are still finding ways to borrow the money they need, thanks to another area of lending that is booming.
Person-to-person lending, or "social” lending, is growing at a phenomenal pace on the Internet as consumers look for an alternate way to pay off debt, acc...
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