OT-Peer to Peer Lending, Experience?

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Four Time National Champs
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Jun 16, 2005
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Off topic, was wondering if anyone as experience using it? Not gambling related but a couple people hit me up about it and really don't know much...Any advice/experiences passed along would be appreicated...Thanks, CSFBB
 
Joined
Sep 21, 2004
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If you're talking about sites like prosper.com, my experience
is abysmal.

I loaned out about 50 loans with supposed A and B rated
borrowers, and the default rate was huge. The bastards
would get their loans and then declare bankruptcy.

I lost about 1/3 of my money.
 

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