Comments on: On Prosper.com http://www.mightybargainhunter.com/2006/05/30/on-prospercom/ Personal finance, commentary, and spending less the easy way Sat, 21 Nov 2009 01:23:30 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Commodore64 http://www.mightybargainhunter.com/2006/05/30/on-prospercom/comment-page-1/#comment-2706 Commodore64 Tue, 06 Jun 2006 21:54:23 +0000 http://www.mightybargainhunter.com/2006/05/30/on-prospercom/#comment-2706 When you consider the fact that some of these "Pay Day" loan places charge effective interest rates of 50%+, a 20% loan from Prosper looks pretty good. jb When you consider the fact that some of these “Pay Day” loan places charge effective interest rates of 50%+, a 20% loan from Prosper looks pretty good.

jb

]]> By: Steve http://www.mightybargainhunter.com/2006/05/30/on-prospercom/comment-page-1/#comment-2610 Steve Sun, 04 Jun 2006 11:36:53 +0000 http://www.mightybargainhunter.com/2006/05/30/on-prospercom/#comment-2610 If I didn't already have 2 late loans in, I would say it was a great idea! If I didn’t already have 2 late loans in, I would say it was a great idea!

]]> By: fivecentnickel.com http://www.mightybargainhunter.com/2006/05/30/on-prospercom/comment-page-1/#comment-2605 fivecentnickel.com Sun, 04 Jun 2006 02:22:29 +0000 http://www.mightybargainhunter.com/2006/05/30/on-prospercom/#comment-2605 <strong>Weekly Roundup - 06/02/06...</strong> It’s weekly roundup time… I’m a bit late this week as we’re camped out in a hotel room awaiting the arrival of the moving van. They picked up our stuff on Thursday, and we got down here on Friday morning. Our stuff won’t a... Weekly Roundup – 06/02/06…

It’s weekly roundup time… I’m a bit late this week as we’re camped out in a hotel room awaiting the arrival of the moving van. They picked up our stuff on Thursday, and we got down here on Friday morning. Our stuff won’t a…

]]> By: Tim MMF http://www.mightybargainhunter.com/2006/05/30/on-prospercom/comment-page-1/#comment-2579 Tim MMF Fri, 02 Jun 2006 21:00:33 +0000 http://www.mightybargainhunter.com/2006/05/30/on-prospercom/#comment-2579 I think it's a supplement to a regular investment portfolio, not a substitution. I agree that it's wrong to loan to an AA or A at more than probably 6% but the lenders are there to make money not necessarily to be generous. Great post. I'm surprised you didn't notice Prosper posts eariler. :) Take it easy. I think it’s a supplement to a regular investment portfolio, not a substitution. I agree that it’s wrong to loan to an AA or A at more than probably 6% but the lenders are there to make money not necessarily to be generous. Great post. I’m surprised you didn’t notice Prosper posts eariler. :) Take it easy.

]]> By: Financial Freedumb http://www.mightybargainhunter.com/2006/05/30/on-prospercom/comment-page-1/#comment-2453 Financial Freedumb Wed, 31 May 2006 07:49:30 +0000 http://www.mightybargainhunter.com/2006/05/30/on-prospercom/#comment-2453 I should add, I do like the basic concept, but I think it needs to refined. I should add, I do like the basic concept, but I think it needs to refined.

]]> By: Financial Freedumb http://www.mightybargainhunter.com/2006/05/30/on-prospercom/comment-page-1/#comment-2452 Financial Freedumb Wed, 31 May 2006 07:46:27 +0000 http://www.mightybargainhunter.com/2006/05/30/on-prospercom/#comment-2452 I think the whole argument that people are lending people money to help the other person is a bunch of baloney. If anything people are there to make money off of loaning money. Prosper.com is making a buck on your pretty penny, and the people borrowing are just paying higher rates than I think is really fair. If you're an AA borrower, why not borrow from credit unions or banks that have much lower rates? If you're a really high risk, then maybe I could imagine turning to prosper.com. I think the whole argument that people are lending people money to help the other person is a bunch of baloney. If anything people are there to make money off of loaning money. Prosper.com is making a buck on your pretty penny, and the people borrowing are just paying higher rates than I think is really fair. If you’re an AA borrower, why not borrow from credit unions or banks that have much lower rates? If you’re a really high risk, then maybe I could imagine turning to prosper.com.

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