Exploring Finance Charges on Peer-to-Peer Loans
Overview of Finance Charges on Peer-to-Peer Loans Peer-to-peer loans involve finance charges that borrowers need to pay in addition to the principal amount borrowed. These charges are essentially the cost of borrowing money from individual investors rather than traditional financial institutions. Types of Fees Included in Finance Charges for Peer-to-Peer Loans Origination Fees: Charged by…