tgotch
Recycles dryer sheets
- Joined
- Oct 2, 2007
- Messages
- 133
I just came across a site that allows private individuals to loan (or borrow) money from other private individuals.
People can loan as little as $50. The site claims the default rate is lower than traditional banks, and one can spread risk around by loaning to many individuals. They also claim a 9.49%-12.81% return.
I was just curious if anyone has done anything like this...or has any feedback on it.
Site:
Personal & Small Business Loans. Prosper.com - the P2P Lending Marketplace - Prosper
People can loan as little as $50. The site claims the default rate is lower than traditional banks, and one can spread risk around by loaning to many individuals. They also claim a 9.49%-12.81% return.
I was just curious if anyone has done anything like this...or has any feedback on it.
Site:
Personal & Small Business Loans. Prosper.com - the P2P Lending Marketplace - Prosper