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Originally Posted by Bitter Bruin  I actually started lending on that site back in February. Just going lite...I have made $4k in loans with a yield of just over 13%. All loans are current at this time.
You definitely have to sift through the bullshit and ask good questions. Some of the listings are so stupid it is not even funny. However, there are some sheep there that just go ahead and fire a bid at it anyway. If you are careful, and pay attention to what you are doing, I think this is a decent way to make a pretty good return on a small part of your portfolio. |
The best one I have read so far was a guy with D credit wanting to borrow around 8k so he could travel to some place in Asia to meet his mail-order bride.
