What are your experiences, good and bad? Do you lean towards risky or safe loans? Do you spread your money around to reduce risk or put large amounts in a few loans?
2006-08-17 05:15:56 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Very interesting concept. As I understand it, prosper.com lends the money, and then splits up and sells the debt to their consumers. I think I'll try it using money I would have put into a CD. I lean toward a spread of safe loans and maybe try a couple riskier loans in an effort to beat the 5% rates of CDs. Possibly worth the risk as an investment. Worth a try.
2006-08-17 08:42:28 · answer #1 · answered by JB 3 · 2⤊ 0⤋
Not yet, but I set up an account a couple days ago. I'm going to give it a try, loan out 50 bucks to a few people and see if any default.
2006-08-17 12:21:30 · answer #2 · answered by Robert B 3 · 1⤊ 0⤋
Who will loan money, not me.
2006-08-17 12:29:52 · answer #3 · answered by I am women 6 · 0⤊ 0⤋
Nope.
2006-08-17 12:20:05 · answer #4 · answered by mercury21813 3 · 0⤊ 0⤋