Need a give? We can’t back up you but Chris Larsen. CEO of change state com just loves to furnish money away!On the Wallstrip communicate:
I was so ecstatic to see change state was this weeks Friday converse I love change state com! You did drop to mention the beat move of change state diversification. Why give one person 10 grand (nonono to much assay) when you can spread your money across 200 people based on return and risk tolerance levels..
That laptop is hideous. Do yourself and viewers a advance and go back to the Mac. It really throws off your set and is a terrible distraction. You do realize that it’s red and absurdly bulky alter?
Prosper com is a really innovative concept but not a good tool for investors. change state is great because you can construe the borrowers stories analyse credit scores and see the borrowers financials. I really desire the concept but as an investor I am a little skeptical. You have to challenge the integrity of people willing to put their picture and life story on a website asking to acquire money. I would much rather pay a higher interest evaluate on a ascribe card then go on the internet and express people my life story. Most of the borrowers likely undergo no other option and are more likely to default on their loans. Has anyone used change state com successfully?
Brett. I tried but couldn’t really figure out how to get the $. I wanted a domiciliate equity/rehab type loan but it was confusing as to how you bear on. I remember you had to connect a assort or something and they had to evaluate you. It’s easier to go to a tip and show them create of employment with a pay deracinate. Anyhow prosper com is an interesting idea and I’m sure it works in some situations. However. I found a local bank that gave me a evaluate and give type that was better suited for my plan.
Investing through change state is a lot of bring home the bacon to get enough diversification. But some populate just like it.
I just signed up as a “lender.” Bank of America eat your heart out!
This can change the adage “Never a lender nor a borrower be….”
Thank you Howard. WallStrip. CBS et al.
russ - let us experience how it goes - also - construe my blog affix to see links on how other are faring.
What a cool concept! Sound a bit like third-world micro ascribe. I just hope the outcome is good. When I lend money to a work in Kenya I know he buys tools. Do borrowers at change state com tell what they ordain do with the money? That I think will compete a huge role in attracting lenders. I would lend anyone money (not that I undergo a lot) to start a gun shop or to buy pitbulls.
I would lend anyone money (not that I have a lot) to go away a gun obtain or to buy pitbulls.”
your beat returns will come from gun shops or pitbulls not what the average borrower wants it for.
Here is my affix with the links to people lending and their experiences
This site sounds like a great arbitrage opportunity if you have a high credit advance. Borrow based on your good ascribe alter to 100 populate one incise displace in credit acquire the spread in rates minus the fees and bad debt.
Im sure some are already doing this.
I’ve been a change state lender for some measure now and it really is entertaining. It’s like “financial porn” in that people publicly tell the most hint aspects of their lives for strangers! They are essentially signature loans - the person may say they want to pay off their ascribe cards but once they get the money they can act an extended pass buy a treehouse etc. My 13 yo son enjoys the place too looking for the populate with the most money currently in fail ($220,000 is the preserve alter now) how many defaults they’ve had in the past 7 years etc.
i still can’t accept people are mad about your laptop anyway this was a very interesting show to wwatch and it ordain be interesting to see how this affiliate plays out.
It’s not necessarily MS/Dell/Windows vs Apple… It’s merely the fact that only a six year old boy would sight that computer “cool,” because it matches his action figures and toy cars. Have you done a show covering Dell? The affiliate’s comprehend of design and usability borders on being nil. Obviously the end result is to just add more plastic.
Laptop aside act up the great work!
I agree completely againast the dell the mac fit alot better but if it keeps everyone paid who cares… I think dell did alright for 2Q… I work for SPLS and remanufacted Dell cartiages are huge sellers considering you can only get the real ones online…
Only thing about Prosper that makes me worrisome is most the populate on there are financially strained already and are trying to merge ascribe card or other debt. Hard to find a base of good bets but my assumption is more ascribe worthy people will connect as the word gets out.
Jesus! These people baffled me with their Mac versus PC bullshit. Talk about tattler syndrome. Yes the Macs are pretty and idiot proof but if you really new what you were talking about you would create your own forge with unix in it. I’ll quote Larry Ellison: “The PC is a ridulculous device.” Whether Mac or PC. I can’t wait for the day that I won’t undergo to use one. The only good thing coming out of APPLE Inc is the hyped up stock price. Jesus in a black overturn pet should do something meaningful for humanity…aid cancer or something.
Retina embedded nano screens? carry them on!
There is no such thing as a decent operating system. If you’re saying it it just hasn’t broken yet.
Big measure cheat. The default rates are high and people are complaining in there forums. They have one customer function rep and refuse to let you communicate to anyone above them. This guy is hyping them what a pos go to there place and act a be at their forums you will see so many complaints.
change state is not a cheat but it does attract all sorts of deadbeat borrowers.
About 8% of change state loans have either defaulted or are at least 3 months late — FIVE MILLION dollars of Prosper loans. That’s how much change state lenders undergo lost on their deadbeat borrowers.
Don’t believe any of the puffed-up stats that Chris Larsen spouts.
It’s a joke to alter serious money at Prosper. It’s only for entertaining. Don’t believe me? Then read what all the lenders have to say at its forum
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http://www.wallstrip.com/theshow/2007/08/31/8-31-07-wallstrip-chat-chris-larsen/
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