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Lender investigates SavingStream
Peer-to-peer lending simply facilitates loans between lenders and borrowers, but it is the lender's money at risk, so it is interesting to see that some lenders are performing their own checks on new P2P companies to see how good they really are.
One lender has performed their own checks on Saving Stream, which is a specialist P2P company arranging loans secured against boats which have been pawned, and this has been published on the P2P Independent Forum. This has generated a lot of comments and representatives of Saving Stream have contributed.
This is a good example of how lenders can work together to bring about change and also how crowd finance is changing the face of finance.