Bureaucrats, developer, Administrators
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(added section Europe + few lists of p2p lenders) |
(improving structure + added short definition of w:microcredit) |
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= Consume(er)ium list of alternative financial services lists = | = Consume(er)ium list of alternative financial services lists = | ||
= What are alternative financial services? = | |||
This is the Consume(er)ium list of [[w:alternative financial services]] lists. | This is the Consume(er)ium list of [[w:alternative financial services]] lists. | ||
Often the spectrum | Often the spectrum ranges from brute loan sharking in operations known as [[w:payday loan]]s all the way to almost respectable interest taking of non-collateralized loans. | ||
= What is APR, why does it matter? = | |||
In EU all loaning operations must show the [[w:annual percentage rate]] or APR for their example loans in their marketing. This can range from hundreds of percent to few tens of percent. Credit card debt is approximatelly the 10-15% zone. | In EU all loaning operations must show the [[w:annual percentage rate]] or APR for their example loans in their marketing. This can range from hundreds of percent to few tens of percent. Credit card debt is approximatelly the 10-15% zone. | ||
= Peer-to-peer lending = | |||
'''[[w:Peer-to-peer lending|Peer-to-peer lending]]''', abbreviated '''P2PL''', is the practice of [[w:loan|lending]] money to unrelated individuals, or "peers", without going through a traditional [[w:financial intermediary|financial intermediary]] such as a bank or other traditional [[w:financial institution|financial institution]]. P2PL is not to be confused with [[w:peer to peer investing|peer to peer investing]] (P2PI). This lending takes place online on peer-to-peer lending companies' websites using various different lending [[w:Computing platform|platforms]] and [[w:credit check|credit check]]ing tools. Many also use the abbreviation "P2P" when discussing the peer-to-peer lending or investing industries more generally. Peer-to-peer lending is also known as crowdlending. ( Wikipedia ) | '''[[w:Peer-to-peer lending|Peer-to-peer lending]]''', abbreviated '''P2PL''', is the practice of [[w:loan|lending]] money to unrelated individuals, or "peers", without going through a traditional [[w:financial intermediary|financial intermediary]] such as a bank or other traditional [[w:financial institution|financial institution]]. P2PL is not to be confused with [[w:peer to peer investing|peer to peer investing]] (P2PI). This lending takes place online on peer-to-peer lending companies' websites using various different lending [[w:Computing platform|platforms]] and [[w:credit check|credit check]]ing tools. Many also use the abbreviation "P2P" when discussing the peer-to-peer lending or investing industries more generally. Peer-to-peer lending is also known as crowdlending. ( Wikipedia ) | ||
= Microcredit and other microfinance = | |||
'''[[w:Microcredit|Microcredit]]''' is the extension of very small [[w:loan|loan]]s ('''microloans''') to impoverished borrowers who typically lack [[w:collateral (finance)|collateral]], steady employment and a verifiable [[w:credit history|credit history]]. ( Wikipedia ) on microcredit | |||
= Europe = | = Europe = |