Skip to main content
No. of Recommendations: 1
Yah, that's one of the things that concerns me.. they don't protect you in any way from defaults. You can see a credit score and debt/credit ratio before choosing to lend to someone so you aren't going in to it totally blind, but it's definitely still a risky proposition.

It's really kind of interesting in looking at the loans that are currently being funded - the people with a good credit history and manageable debt load are getting rates around 5-6%, while the high risk borrowers are seeing 20-25% and/or not having their loans funded at all. It's interesting to see the market at work like this.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.