Have you heard of Peer lending? Well I personally think it is a wonderful and exciting thing! Prosper.com is a site where you can go get a loan through a bidding process (kind of like e-bay) and the bidders are every day people like you and I. Well let me take that back…they have money to lend! To debt ridden people like me! (Smile)
Now back in 2007, I had some very good luck to stumble across this site. I promptly signed up and worked up a loan request. I put it out for bids, and it took me a couple tries, but by gosh I got a loan. It was the slickest thing I’d ever run across. It was easy and it was fun. And in the end, I ended up with money. Here, three years later, that loan nearly paid off. Whew, one of my minor victories in this wormhole of debt!
Now I wanted to re-loan, and Prosper allows a borrower to have two loans at a time. I put up another loan request and did not have much luck at getting bids. I did get one investor that as interested. He contacted me personally and started asking me questions. As we talked he decided I would be a good investment. He then schooled me at writing up a new loan bid. Then he had me join his group before I placed my bid. I then placed my bid, and he backed me and pitched my loan to his investor friends. Guess what, he is friends with some of the top lenders on Prosper! Wow was I impressed and overcome with joy that I had fallen into this crowd! I was amazed! They bid my loan up to fully funded in no time. They also bid down my interest. It was an amazing process to watch when these lenders started bidding. I got my second loan and it helped me combine a lot of my debt at that time.
If you are interested, I would love to help you do this same thing. I am still in contact with my lenders and they are always happy to get a new borrower vested to bid on. Just look for the link and click on it to get in the Prosper.com game. Or better yet, reply to this post and I can contact you and get you in on the inside track!
Borrow with Prosper!
visit often, stay long, leave happy…thanks for stopping by!pro