I’ve been making money with peer-to-peer lending for a long time. With websites like Lending Club, borrowers and investors can connect for mutually beneficial financial transactions. On the investing side, you can invest in crowdsourced loans for individuals who need to borrow money all over the United States. Returns tend to be high on these loans, and you can use these platforms to build more passive income for yourself while also helping someone out.
Which peer-to-peer lending platforms should you sign up for? David Galland of Gallan Research dove deep into every option a few years ago. Ultimately, he said that the best peer-to-peer platforms for investors were Lending Club, Prosper, Upstart, and Funding Circle.