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Prosper - eBay of Loans
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http://www.omninerd.com/2007/06/19/coffeeshop/60
Submitted by
tom6a
56 months, 3 weeks, 1 day, 23 hours agoProsper, in many ways, is similar to eBay. People list and bid on loans. Lenders set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on the loans they choose to fund. Those wishing to borrow money build a listing showing how they intend to use the money. Examples include a soldier consolidating debt after two deployments to Iraq, an entrepreneur buying a franchise and an investor borrowing money just to reinvest in Prosper.
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