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rehabber27540:
I have had a prosper lender account since May 2006. Although my net performance on prosper did not meet my expectations, I harbor no ill will at prosper or other P2P sites.

The section in my prosper profile under Why am I here? (unchanged since 2006) is now dated, but I still like the P2P concept. It's the unsecured part of the lending experience that I think is the achilles heel. At the time I joined, I'm not sure there was an easy way to change to a secured lending model, but I started lending anyway. I knew the risks of unsecured lending going in. And I'm not really surprised at the poor results/returns of the collective members.

Anyway... other than prosper, the vast majority of my lending and borrowing is secured. Seems like the way to go for me... and a secured P2P lending site could possibly be a good solution to help part of the US housing problem.

pioneer11:
Howdy podner and welcome.

God-Father:
Welcome

TJGbank:
 h

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