In 2005, the first online peer-to-peer lending platform appeared in the United Kingdom. The premise was simple: provide a system for facilitating lending and borrowing between individuals. Rather than borrow through financial institutions, borrowers were provided the opportunity to bypass those intermediaries and find individuals willing to lend through an online platform. By 2006, peer-to-peer lending appeared in the United States as well. Although peer-topeer lending currently comprises a small portion of the consumer lending market, it is growing rapidly and could significantly impact the way consumers borrow money in the future.