A lack of a better word, "alternative" forms of lending and borrowing power lately largely won in 2006, Nobel laureate Muhammad Yunus, founder of the Grameen Bank in Bangladesh. Yunus discovered that micro loans - sometimes amounting to only a few dollars per loan - could lift entire communities out of poverty. Of course, the situation in the United States is a little different, but alternative forms of credit and loans are gaining weight, and the result is that lenders and borrowers began to prosper.
United States, consumer debt is at an altitude of all time. Many individuals and families have bought homes with unconventional mortgages during the housing boom expensive and have maximized their credit cards on the road. Now that the housing market is cooling, unemployment in some areas, and even Alan Greenspan, predicted the arrival of a recession, consumers are feeling the effects. It is more difficult for people to meet their monthly obligations, which may lower your credit score and start a downward spiral. As a result, many people can not get loans from traditional banks.
While giant banks seem to have a stranglehold on the flow of loans in this country, there is a resurgence of people for loans to people who, before the long tradition of bank loans. A good example of this type of lending and borrowing is Prosper.com, an online service that brings together lenders, who are interested in investing their money and borrowers can apply for funding to consolidate loans, start a business , make a movie, record a CD, or any other company you can imagine.
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