Comments on: Peer to Peer Lending with Prosper http://www.personalfinanceplaybook.com/2009/07/peer-to-peer-lending-with-prosper/ A Blog About Personal Finance & Investing Wed, 10 Mar 2010 20:02:10 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Frank Fitton http://www.personalfinanceplaybook.com/2009/07/peer-to-peer-lending-with-prosper/comment-page-1/#comment-1446 Frank Fitton Thu, 06 Aug 2009 18:21:37 +0000 http://www.personalfinanceplaybook.com/?p=1186#comment-1446 I think peer to peer lending is a great thing. For borrowers it's totally fantastic. For lenders its a little less so, but it is an investment on their part so there's an inherent risk involved with doing that. I think its here to stay. In these hard times even people with good credit are being denied bank loans. Its great to see an alternative. Even if the interest rates were identical, I'd much rather give my interest money to someone rather than the big banks inflated pocketbook. I also wrote a blog about peer to peer, check it out at http://www.thedebtgazette.com/2009/08/peer-to-peer-alternative/ I think peer to peer lending is a great thing. For borrowers it’s totally fantastic. For lenders its a little less so, but it is an investment on their part so there’s an inherent risk involved with doing that.

I think its here to stay. In these hard times even people with good credit are being denied bank loans. Its great to see an alternative. Even if the interest rates were identical, I’d much rather give my interest money to someone rather than the big banks inflated pocketbook.

I also wrote a blog about peer to peer, check it out at http://www.thedebtgazette.com/2009/08/peer-to-peer-alternative/

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