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Old October 4th, 2006, 02:15   #3
slushie
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Default Re: Lowest rate loan?

Quote:
Originally Posted by viper548 View Post
Try prosper.com It is peer-to-peer lending. Basically you request a loan amount, lets say $10,000. Suppose I've got $1000 to invest. I offer to loan you $1k at a specific interest rate. Other people also bid on your loan. Once your loan has enough bidders anyone else wanting a piece of your loan has to offer a lower interest rate than someone else who already has a chunk of your loan. Go to the website, they explain it much better than I do. Bottom line is you'll probably get a better rate than you would at a bank and investors get a better return on their money.
interesting
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