ATOT prosper group

[Doboji]

hmmm maybe this is a good way to get my kitchen remodeling paid for...

-Max

 

[Doboji]

good god is it enticing...

27% interest rates??!?! Man!

 

[GasX]

I understand being part of a group if you are borrowing as it can improve your standing, but what is the point of being in a lender's group?

 

[Doboji]

Originally posted by: DaveSimmons
Interesting idea. If I'm reading the site correctly, the rates for loans are much higher than INGDirect's APY, but are less (for anyone except the highest risk) than what I average from stock index mutual funds.

This looks like it might be an investment for people who don't have enough money yet to set up a brokerage account and buy index funds, and are willing to accept moderate risk to earn better than 4% returns. Don't take that as an endorsement though, I'd have to do a lot more digging first.

WHat stock index mutual funds are you investing in that average more than 10%?

-Max

 

[b0mbrman]

Originally posted by: Looney
WTF? Some of these rates are over 20%. Is there a forum where people talk about their experience with it? Seems a little too good to be true.

Yes. The prosper.com page links to it

 

[Looney]

Ok maybe i'm just not seeing it. But where are they?

 

[z0mb13]

Originally posted by: InlineFour
FDIC insured?

ROFL...

NO!

 

[z0mb13]

Originally posted by: Looney
WTF? Some of these rates are over 20%. Is there a forum where people talk about their experience with it? Seems a little too good to be true.

people are kind of wary of the higher rates since it is probaly high risk or no credit history

the most popular loans are the ones with 8-12% interest (A rated credit or above).

 

[b0mbrman]

Originally posted by: Looney
Ok maybe i'm just not seeing it. But where are they?

My fault...it wasn't on the main page

Click:
main page => help page => discussion forums

or go straight to:
prosper.spreebb.com