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Thanks for the info Warrior...

Many of us dislike learning about finances  but most of us really need the teaching.

posted by Passionflower on February 11, 2007 at 10:44 AM | link to this | reply

For those interested in Prosper

You can read through some back posts of my Millionaire Blog where many of these questions are answered.  It is an excellent way for people to help people and to take banks out of the equation.

posted by SuccessWarrior on February 11, 2007 at 10:01 AM | link to this | reply

Hello MasonGarrett...haven't heard from you in a while-

Thanks for coming by.

posted by Passionflower on February 10, 2007 at 5:13 PM | link to this | reply

Presley...it's an intriquing ideas...

And I'm sure people do back out sometimes...they do that on Ebay too though.

posted by Passionflower on February 10, 2007 at 5:12 PM | link to this | reply

..thanks for the tip!

posted by MasonGarrett on February 10, 2007 at 3:47 PM | link to this | reply

Passion

I did miss this story.  Once I'm done reading I'll have to visit the website.  My first thoughts based on what you provided is what happens if these bidders back out at the last minute.  Thanks for posting this.  I don't watch a whole lot of t.v. so I miss alot of innovative stuff.

posted by Presley on February 10, 2007 at 1:20 PM | link to this | reply

Maria...I hope you'll check out the site...

It's a great idea when you think about it...Traditional lending orgs may be a thing of the past.

posted by Passionflower on February 10, 2007 at 10:03 AM | link to this | reply

I wonder what they'll think of next?

posted by MariaMaria on February 10, 2007 at 6:21 AM | link to this | reply

Yes, Odysseus...I think so too...

This is what makes the internet so great!!!

posted by Passionflower on February 9, 2007 at 4:59 PM | link to this | reply

Corbin...No --they check everything out and tell you the person's

Credit rating. It seems very safe. Many ordinary people like you and I are "loaning" money to other individuals because the return on your investment is much better than traditional investing.

You can bid on someone's loan and "invest" for as little as $100.

posted by Passionflower on February 9, 2007 at 4:58 PM | link to this | reply

No background checks.....

Unsecured?

posted by Corbin_Dallas on February 9, 2007 at 4:54 PM | link to this | reply

that is a unique idea

posted by telemachus on February 9, 2007 at 4:44 PM | link to this | reply