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October 6, 2011

3000 loan *BONUS* - Great site to borrow or invest in loans

Here is a special treat for you.  I’ve recently discovered a site that you can borrow (obtain a 3000 loan) or invest (issue a 3000 loan and collect interest).  If you ever heard of peer to peer sharing; like Napster, this is sort of a peer to peer lending site.  This site is amazing because they’ve created a community bank that is truly for the people, by the people.  Here is a ‘how it works’ bullets points directly from the site:   
  •  Borrowers choose a loan amount, purpose and post a loan listing.
  • Investors review loan listings and invest in listings that meet their criteria.
  • Once the process is complete, borrowers make fixed monthly payments and investors receive a portion of those payments directly to their account.
I am providing a link to the site at the end of this article.  I must stress, this is just food for thought, but don’t go by my word check it out for yourself.  I have used the site several successful times for many different uses as both a borrower and investor, I even used interest received as an investor to pay balances on my loans on the site; it’s great.  Anyway, here is the site:Prosper Loans

Take care all!  Thanks for looking!  Feel free to comment!