NEW YORK - One type of lending that shut down during the recession is bouncing back.
Peer-to-peer lenders say their business is on the upswing. The two biggest ones have made more than half a billion dollars in personal loans in the past five years.
Peer-to-peer lenders match pre-qualified loan seekers to those with money to lend. They charge borrowers a fee and charge interest on the loan but tend to have lower interest rates than banks.
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