Interest rates may be at historic lows, but average interest rates for even the best credit cards are still in the double digits. For consumers struggling to pay off high-interest credit card debt, the task can almost seem insurmountable!
Peer-to-peer lending, however, has quickly become an excellent alternative for those seeking to slash their borrowing costs and get rid of credit card debt once and for all. In fact, if you carry credit card balances at interest rates of 15% or higher, there's a good chance you can save a great deal of money by swapping out your debt with a new low-interest P2P loan.
You'll not only save money on interest, but P2P loans will also help boost your credit scores by adding an installment loan to your credit reports and generating additional positive payment history.
