Okay, everyone knows eBay and some know VirginMoney. Prosper is VirginMoney meets eBay. Lenders bid on loans driving interest rates down on prosper.com, there by making it cheaper for borrower to borrow. It still allows lendors to make money as most loans close with a higher rate of interest compared to what is offered on a money market saving account. Want to check it out?
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Monday, May 19, 2008
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