http://thebudgetingbabe.com/2008/03/25/poll-consumer-lending/ A personal finance blog for career minded women with small budgets and big dreams. Sun, 05 Aug 2012 15:47:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://thebudgetingbabe.com/2008/03/25/poll-consumer-lending/#comment-2689 HighClassLowIncome Sun, 06 Apr 2008 03:40:00 +0000 http://thebudgetingbabe.com/?p=379#comment-2689 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. 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.

]]> http://thebudgetingbabe.com/2008/03/25/poll-consumer-lending/#comment-2628 Ashley Thu, 27 Mar 2008 15:06:00 +0000 http://thebudgetingbabe.com/?p=379#comment-2628 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. 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.

]]> http://thebudgetingbabe.com/2008/03/25/poll-consumer-lending/#comment-2624 Matt Sullivan Wed, 26 Mar 2008 21:14:00 +0000 http://thebudgetingbabe.com/?p=379#comment-2624 Thanks for the information. It will be interesting to see how this plays out in the open market. I like the concept. Thanks for the information. It will be interesting to see how this plays out in the open market. I like the concept.

]]> http://thebudgetingbabe.com/2008/03/25/poll-consumer-lending/#comment-2622 Anonymous Tue, 25 Mar 2008 20:37:00 +0000 http://thebudgetingbabe.com/?p=379#comment-2622 Why is the risk for lenders not discussed ? Why is the risk for lenders not discussed ?

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