If you have good credit, you might be able to lend money to other people through peer-to-peer lending platforms. The amount of money you lend and the interest rate you accept are entirely up to you. Any money that is loaned to you by someone else will earn interest for you. If you need a small loan with a low interest rate but have bad credit, peer-to-peer lending may be your only option. Comparing and compiling a list of P2P lending platforms where you are willing to lend money is essential due to the fierce competition among them.

Short-term, high-interest emergency loans have a predetermined due date.