Let's talk about peer-to-peer lending!!

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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Let's talk about peer-to-peer lending!!

Sub Rosa: Jun 9, 2010

Dazzleberries posted:

I just blanket give out loans to the highest interest rate people that fall into it. Rarely the title of the loan will cause me to pass giving out 25$ but it's pretty rare that I even look at the title.

This morning I did see a title that said "A hope to live a better life", and I thought, that person is going to default for sure. I still invested though, because it met one of my filters, in this case it was a high interest, low dollar amount loan (F for 1000$).

How many of those loans end up not being actually funded even though they get enough funders? My impression from borrowers is that isn't uncommon to get to that stage before getting denied.

# ¿ Oct 31, 2013 18:00

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# ¿ May 6, 2024 07:16

Sub Rosa: Jun 9, 2010

Considering how eager lenders are to throw money at notes, is there a sub-prime version of all this yet for those of us with credit too poor to borrow on LC or Prosper?

# ¿ Mar 25, 2014 23:18

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Let's talk about peer-to-peer lending!!