Peer-to-peer lending pretty much involves lending to people who can't get loans from banks, and the banks are actually pretty good at deciding who is too risky to lend money to, so why should this be a surprise?
The only way peer-to-peer lending will succeed is if the banks are overlooking or turning away a large group of creditworthy customers, and so far it doesn't seem like that is happening.
The only way peer-to-peer lending will succeed is if the banks are overlooking or turning away a large group of creditworthy customers, and so far it doesn't seem like that is happening.