It’s funny how even a simple thing like your very first loan can be an unforgettable experience. My first big loan was a personal loan to buy that 1964 Mustang I told you about in an earlier post. My Dad helped me by co-signing for the loan. Well I don’t have my dear Dad to help me anymore with loans, but that doesn’t mean there isn’t help from people in the process of getting a loan. There’s a unique and fairly new concept that I just heard about today, a Prosper loan in which lenders lend and borrowers borrow through a completely different approach, without the bank as the middle-man. I admit it is so new to me that I’m still fully trying to comprehend it, it will take a little bit for me because I’m not a math wiz and have to take a little time to think through the percentages, but I’m fascinated, imagine, people like you and me lending and borrowing through peers without having to go to a bank. It must have you curious enough to want to take look at the Prosper link.
