Blog disruptive Peer to Peer platform serving UK

Lee Birkett; eMoneyUnion CEO talks to Crowdfunding podcast about the Peer to Peer revolution and why it’s a win-win for all involved, and not just for squeaky clean borrowers. Manchester England (PRWEB UK) 19 August 2013 In this interview, Lee talks about the USP’s of the eMoneyUnion proposition and other important crowd funding matters; Notes to editors: The eMoneyUnion platform acts as a matchmaking and underwriting service, presenting pre-approved individual borrowers to individual lenders, who can then decide to lend or not. Loans can be requested for amounts between £1,000 and £10,000 for any purpose including cars, consolidation and we will also encourage applications from those with low credit scores, the borrowers will however need to find a suitable Personal Guarantor with a very good credit history. Individual lenders monies are ring fenced in a Lloyds TSB Bank PLC client account. Additional security is provided by the eProvision fund which has been created as a back stop to maintain regular interest repayments to personal lenders in the event of non-payment by the borrower and Personal Guarantor. The total high cost credit market is currently estimated to be worth £8BN a year and a large percentage of the UK’s most […]

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