If you have never heard of Peer-to-Peer lending then you might find it quite interesting.
With this strategy, you have the ability to become a lender and earn high interest on your loans.
There are many loan companies that you can visit in order to become a lender. They will then set you up with a borrower to whom you will lend a certain amount of money. The borrower will most likely have bad credit and could not secure a loan at a bank, leading them to resort to Peer-to-Peer lending.
The borrower will then repay the loan at a significantly high interest rate - far higher than that of banks.
You will thus earn interest on your money, just like a bank does.
This is a great way to increase your savings and you do not have to do a thing.
