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View Full Version : Screw Banks? The new way to lend/borrow?


boomersooner28
12/20/2007, 10:43 PM
www.prosper.com


anyone try it yet?
olevetonahill
12/20/2007, 10:53 PM
I would hope everyone here is smart enough to stay away from those Interest Rates .:eek:
yermom
12/20/2007, 11:20 PM
i like the idea, but i'm not sure i'm brave enough to lend money that way...
Frozen Sooner
12/21/2007, 12:56 AM
Yeah, um, this idea has been around for a couple centuries.

It's called a "Credit Union."

Except we don't **** people on their interest rate like that.
OUHOMER
12/21/2007, 06:21 AM
looks good if your a lender
jeremy885
12/21/2007, 09:55 AM
looks good if your a scamer

fixed.
yermom
12/21/2007, 10:25 AM
Yeah, um, this idea has been around for a couple centuries.

It's called a "Credit Union."

Except we don't **** people on their interest rate like that.

except the Credit Union takes all the risk and has more overhead

i'm wondering who comes and breaks my legs when i don't pay...
JohnnyMack
12/21/2007, 10:31 AM
This thread would have been better if it had been about Tyra.
Frozen Sooner
12/21/2007, 12:33 PM
except the Credit Union takes all the risk and has more overhead

i'm wondering who comes and breaks my legs when i don't pay...

See, that's the thing: the Credit Union is owned by the depositors, so it's the depositors that are actually taking the risk. It's just distributed. :D

And yeah, we have more overhead, but somehow we manage to make loans at less than 21%. :)