Update On Prosper

I had a previous post about Prosper.com where I was planning on borrowing some money for investing.

However I decided against it and now I'm thinking I'll lend some money out instead. If I lend money out at 10% and 10% of the borrowers default, I should still break even. There are several people asking for money who have stellar credit. If you like a bit of risk, you can get a higher rate. Lets see how it works out.

Here's an interesting link Lenders on Prosper

And if any of you would like to share your Prosper experiences, here's a great place to do so.