 TITLE: What is Peer-to-Peer Lending? CONTENT: Do Peer-to-Peer Loans Show Up on a Credit Report?\n-------------------------------------------------\nGenerally speaking, peer-to-peer lenders report payment information to credit bureaus, just like traditional creditors do. That means timely payments on a P2P loan will tend to improve your credit score over time, and late or missed payments will hurt your credit score.\nP2P lenders can be quicker than their traditional counterparts to submit overdue payments to collections agencies. While most traditional lenders wait at least 90 days before charging off unpaid accounts and selling them to third-party collection agencies, some P2P lenders initiate third-party collections after as little as 30 days of delinquency. Late payments and collections entries on your credit report have significant negative impacts on your credit score, as lenders view them as indications of poor credit management.\nPeer-to-peer lending outlets make it extremely easy to shop for loan offers, and qualifying borrowers can expect interest rates and fees that compare favorably with those of traditional lenders. END