The other morning I came across this article about borrowers seeking loans from non-traditional sources, one such source being Peer-to-Peer lending. I had read about peer to peer lending previously and was familiar with the concept although had never gone much more into it than that. This article perked my interest, so I went and explored a New Zealand based peer-to-peer lending platform, Harmoney. Harmoney works by connecting those who are looking to borrow money with those who are willing to lend it. It does a lot of middleman man work like credit ranking borrowers and rating them based on their risk profile.
It's a new year so its time to get your finances sorted out, here are a few things that can quickly and dramatically help you get your finances into shape. If you are an employee make sure you are a member of KiwiSaver and are contributing the minimum of 3%, your employer is legally obligated to match you dollar for dollar, meaning a risk-free guaranteed 100% return on your money.