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I don't know if any of you have heard about the new site Prosper. If you have, I would ask that you check out my listing. I realize the APR is a bit low, I wanted to put in 10% but the state of Minnesota restricts it to 7.75% apparently. So I am hoping to still get the loan funded, and am going to travel the internet spreading the word. My full story is on the loan listing, so please take a look.
[edited link out]
If you don't know about Prosper let me give you a quick primer and then I ask that you take a look at it, and try the site out by investing in my loan. I think Prosper will become a good way to diversify a persons portfolio.
From Prosper.com:
Prosper, America's first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone.
The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform.
People who want to lend set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. People who lend can easily diversify using "standing orders", which automatically make many small loans to different borrowers.
You will find much more information on their website and I suggest you throughtly check out the site before deciding if it is something you woudl like to try out. Businessweek also had a decent article on Prosper if you are looking for something like that. After checking it out I ask that you help me out and help yourself out by putting a bid on my loan. At 7.75% interest you will make better than any Savings or CD, and at the same time will help me climb out of the credit card hole. Thanks for looking.
[edited link out]
If you don't know about Prosper let me give you a quick primer and then I ask that you take a look at it, and try the site out by investing in my loan. I think Prosper will become a good way to diversify a persons portfolio.
From Prosper.com:
Prosper, America's first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone.
The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform.
People who want to lend set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. People who lend can easily diversify using "standing orders", which automatically make many small loans to different borrowers.
You will find much more information on their website and I suggest you throughtly check out the site before deciding if it is something you woudl like to try out. Businessweek also had a decent article on Prosper if you are looking for something like that. After checking it out I ask that you help me out and help yourself out by putting a bid on my loan. At 7.75% interest you will make better than any Savings or CD, and at the same time will help me climb out of the credit card hole. Thanks for looking.
Thanks.
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