scrubradio
Dryer sheet aficionado
- Joined
- Sep 26, 2006
- Messages
- 43
Martha said:One issue with this strategy is the shortage of good credit worthy borrowers. The rate will probably be bid down by competing lenders to a rate that doesn't justify the trouble and the risk.
Yes that could be a problem. When prosper finally sets up the accounts
to where the lender can earn a decent interest rate on money just sitting
in the account it would be less of a problem though. My money wouldn't
go out in a loan unless I could recieve a high enough rate to satisfy my
risk.