Poll: Consumer Lending
Posted on March 25, 2008 4 Comments
Would you do this? Watch the video, then take the poll. I think it’s really interesting, but doesn’t seem very credible.
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4 Responses to “Poll: Consumer Lending”
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March 25th, 2008 @ 8:37 pm
Why is the risk for lenders not discussed ?
March 26th, 2008 @ 9:14 pm
Thanks for the information. It will be interesting to see how this plays out in the open market. I like the concept.
March 27th, 2008 @ 3:06 pm
I’m a member of prosper. I’ve lended $25 here and there and have made 10% interest on the money (much better than my savings accounts). I only pick borrowers with a “good story” and a decent credit rating. I won’t lend a lot at one time, because it is a risk, but small loans are worth making a few bucks on. Maybe their stories are big lies, but it still makes me feel good to help them out a bit. The best way to be safe is to diversify who you are lending to.
April 6th, 2008 @ 3:40 am
I’m a member of Prosper, and I actually took a loan to consolidate high interest credit cards. I feel better paying my money to an individual rather than to a large credit card. I am making it my top priority to pay this off ASAP rather than in the 3 years I have to actually pay the full loan off. However, I am sure it is pretty risky bidding on loans and I may lend money some time in the future, but I can’t say that I am a good example of borrowers overall.