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Originally Posted by xlogger
Aww prosper ok. You guys lending $ or borrowing?
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I'm lending.
If people don't pay, they have a collection agency that goes after them. The concept is that you're spreading the liability over a large number of people. So you could have a $50 loaned out on a $10K loan instead of a $10K loan to someone.
You bid down the interest rates.
I always say it's just like Vegas but without the free drinks and smoke
