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Prosper

Prosper.com and other similar peer-to-peer lending sites give those with excellent credit the opportunity to become bankers. Prosper rates members as AA, A, B, C, D, E, HR. Those with a rating of AA can borrow at a lower rate and lend the proceeds to other borrowers with a lower rating, getting a higher interest rate. Prosper gives members the opportunity to diversify. Members can lend as little as $25 to fund a loan. Borrowers can borrow between $1,000 - 25,000. Of course, it is not really exactly like being a banker because they charge a 1% servicing fee, but that makes sense considering they facilitate all the loan originating. However, the lender/borrower can decide their own risk/reward scale and there are no banking regulations, no capital reserve requirements!



This post first appeared on INVESTING, please read the originial post: here

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