There is still money available to be lent out, but in order to get it, people buying homes and businesses must have good credit or plenty of equity. Despite all of the talk surrounding the credit market which is supposedly completely frozen, it is still possible for consumers to pick up big ticket loans all [...]
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- New Loan Funded #6205 -- $50 @ 19.1% A new loan funded this afternoon (Debt Consolidation - Pay off cards to raise credit score (Loan #6205) — $24,000 at 19.10%). I participated via my standing order: High DTI — AF. Which is this loan was funded as a high debt to income ratio and was an auto-funding loan. The borrow had C......
- Sub-Prime Mortgage Meltdown What opinions do you guys have on how the sub-prime mortgage meltdown will affect peer to peer lending? I'll confess I'm still spooked at the moment and working to draw down my balance at Prosper. From things I've been reading, it would appear that the worst is still yet to......
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