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Your Money: Peer to Peer Lending

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Uploaded by on Oct 15, 2008

As the government's rescue plan slowly unlocks the credit market, you may be considering peer-to-peer lending as a way to get cash flowing. AP Personal Finance Editor Trevor Delaney explains. (Oct 15)

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  • Hey if Prosper didn't work out for you, might I recommend Lending Club, bit.ly\rn0Svd

    They've won the, World Economic Forum Technology Pioneer Award.

  • @zimby215 Well look at it this way if ur a lender would you take the risk of a low score?Even though it may not be ur fault still its a risk.And thats the risk you take when lending out money its not a get rich quick scheme. Thats why you look for the highest rating you can so you know ull get ur payment back.With that said on the other hand u never know what people will do regardless.So, this may not be for you if you cant afford to lose the money ur lending.

  • prosper.com is bull shit, I just applied and got back not approved because of low score, I through it was for people with bad credit......The most you can do with this, is become a lender, then worry if a person will default,,,then what do you do....when they ignore the bill...lol.

  • Check out the video that ursushoribilisron made called " Fund a Yurt Peer to Peer Finance."

    It is about by passing the banks and commercial lenders by peer to peer lending done Alaska style.

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