Testing the Prosper Waters.
Homeownership Verified

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Listing Information
Amount: $4,575.00 Status: Loan created
Grade: C DTI: 13%
Lender Rate: 12% Borrower: kamerad
Time Left: Finished State: MI
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2007-03-30 EricsCC ROI: 8%
Status History
Mar 29, 2007 Current
New to Prosper, but keen on the idea of community lending.  I'd had ideas like this in the past, when I heard about it on the radio, I was particularly happy to see it actually being put into action.

I'm applying for a loan for 2 reasons:

1)  As mentioned, this community lending idea seems a wonderful way of doing business.  I'd much rather give my money for the privilege of borrowing to real people than some faceless corporate entity.

2)  I would like to become an active lender here on Prosper.  Before I start lending however, I'd be interested to see a loan in execution from the borrower's side of things. 

This way I can do the research as to Prosper's working and pay money to people for the privilege of borrowing cash.  I have a credit card that I would like to pay down and get rid of.  Rather than give the card company 14%, I'll put it up here and see how well things work out for me.  Even without a face to paste on this advertisment.

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