Interesting loan site

[ericschand]

Besides the sites listed, has anyone heard about this?

http://businessshrink.biz/psychology...on-in-2-years/
http://www.prosper.com/

Does anyone know of anything from a lenders perspective?

ers

[Phaneuf3]

i considered it and read up as much as i could. in summary:

don't do it. about 1/4 lenders see 0 or negative returns.
i forget the exact figure but something about 10-15% see returns better than a savings account.

edit: also to either borrow or lend you need to be american (at least on prosper)

[metal_geek]

Real money would be in starting up a service like that.

1) Prosper is 100% cash asset backed when they loan the money beacuse they don't fund until they've received the cash.

2)Prosper takes a cut of the intrest on the money.

3)Prosper charges you a percent fee to preform the service.

4)Even if the person defaults prosper doesn't lose any money.


Good business model!...
________
FIX PS3