Thread: eBay for loans
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Old 12-30-2006, 10:06 PM
Sifmole Sifmole is offline
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Join Date: Feb 2004
Posts: 748
Default Re: eBay for loans

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I check out the site from time to time. It isn't worth my time to be a lender. The amount of work involved to diversify and hope to get a decent return isn't worth it.

The site has an ongoing problem with scams and borrower info that has not been properly verified. Maybe down the road it can be a better investment method. For now, I would avoid it as a lender.

As a borrower, it appears to be a good deal. There are lots of lenders giving money to some questionable offers. For example if the loan fills she will have a $903.81 monthly payment for 3 years. A $900 per month payment on top of other expenses would be difficult to maintain for most people.

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Also, if you follow your example listing to its group, the second listing in the group has the same picture posted as one of its pictures.
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