Are peer-to-peer loans safe?
Whether a peer-to-peer loan is safe depends on the type of company you use. Before committing to a loan, it’s important to research the company you plan to use to make sure it's trustworthy. Be sure to check for complaints and regulatory actions with the Consumer Financial Protection Bureau.
You can also check sites such as the Better Business Bureau and Trustpilot to see what other consumers are saying about these companies.