prosper.com

[geormiet]

I'm sort of surprised there hasn't already been a major discussion about prosper.com. I think it's a groundbreaking brilliant concept, executed well.

I've had money lent out on prosper for about 4 months now, and so far have been very pleased. I have about 80 loans total. There have been some late payments, and 1 which is over 2 months late. Overall I currently have 1 payment which is less than 15 days late and the one which is 2 months late. Each loan is worth $50. The remaining 80ish loans carry an avg interest rate of 18%.


Does anyone else here use prosper to borrow or to lend?