Lists of alternative financial services: Difference between revisions

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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? =
== 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 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.
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? =
== 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 =
== 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 )


= Microfinance and microcredit =
== Microfinance and microcredit ==


* '''[[w:Microfinance|Microfinance]]''' is a source of [[w:financial services|financial services]] for entrepreneurs and small businesses lacking access to [[w:banking|banking]] and related services. ( Wikipedia on microfinance )
{{Q|'''[[w:Microfinance|Microfinance]]''' is a source of [[w:financial services|financial services]] for entrepreneurs and small businesses lacking access to [[w:banking|banking]] and related services.|Wikipedia|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 )
{{Q|'''[[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|microcredit}}


= Europe =
= Europe =
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