> I always viewed p2p as just a more efficient way of mimicking the lending and interest-collecting functions of a bank/credit card company. How? Seems less e

> I always viewed p2p as just a more efficient way of mimicking the lending and interest-collecting functions of a bank/credit card company. How? Seems less efficient to me. In any case, I thought one of the advantages (perhaps the biggest advantage) of borrowing through these companies is that they have less stringent standards than banks and credit cards.