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[gelt4u]

7:30 PM ET 1/28/08 | Marketwatch
CHICAGO (MarketWatch) -- Getting rid of credit-card debt was an epic struggle for Liz Rizzo, a 36-year-old aspiring director in Los Angeles. But after getting a loan through a peer-to-peer lending Web site, she's now hoping to pay off that debt in four years.

"It really turned everything around," she said of the $4,800 loan she obtained through the site, Prosper (prosper.com). Strangers, looking to make a profit from the loan's interest, financed it.

Here is the article

[112233]

"The consequences of defaulting on a peer-to-peer loan are the same for any loan -- often a ding to the borrower's credit history."

so defaults dont cause dings to the credit reports every time, just often?

[cubbiesnextyr]

It also claims anyone can list at Prosper, which is obviously no longer the case.