Brat
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Well, it was a thought.
ERD50 said:Well, I don't like crack dealers, that's for sure. But, I think people need to take responsibility for their actions. If people get stuck in a cycle of borrowing, they have a problem.
I started lending money on Prosper last July. I've made over 200 loans at $50 a loan. My projected return after fees and defaults is 12%. These loans are unsecured and therefore risky, which is why I have well under 5% of my net worth there. I consider people-to-people lending to be a new asset class and my money on Prosper is risk capital to try it out.Peaceful_Warrior said:I've been investing through prosper for a few months now, and so far am impressed overall with the system and the returns.
cube_rat said:Never mind loan defaults, I see creative scams on the horizon. and not from the lender side either...
Laurence said:Cube_rat, no! Why the goddess avatar again?? Arg!