Peer to Peer Loan Methods?

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Is there any service that enables peer to peer loaning service? This allows a lower rate for the borrower and a higher interest rate for the loaning party than traditional CD’s through bypassing the middleman(big banks). If not, is this a good idea? How would the risk of the borrowing party not repaying be eliminated or even reduced? Would you participate and earn a possible 10% on your loaned capital? Thanks for input!

prosper.com?
kourtnie
www.debthardship.net

Posted in: peer to peer loan Comments(2) September 2009


2 Responses to “Peer to Peer Loan Methods?”

  1. Robin K Says:
    September 29th, 2009 at 12:56 am

    Here’s some information on it and there is a company listed in the article that does the lending that you are referring to…

    Not a good idea, though.

    http://www.netbanker.com/2006/04/peer-to-peer-loans-zopa-prosper.html
    References :

  2. Kourtnie D Says:
    September 29th, 2009 at 1:09 am

    prosper.com?
    kourtnie
    http://www.debthardship.net
    References :

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