Online ‘Peer to peer’ style loans

There are at least 2 websites on the go at the moment that facilitate a ‘peer to peer’ style lending & borrowing system. The UK site is called Zopa, and the US site, Propser. ‘Prosper’ has had a whole host of positive press coverage, and Zopa also looks to have been highly rated, e.g. ‘What Investment’ magazine rated it product of the month in Aug ’06.

Does anyone have any experience of these sites?.. This seems like a great idea to me.

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2 Responses to Online ‘Peer to peer’ style loans

  1. theboat says:

    I’ve got a blog documenting my experiences as a lender on http://www.prosper.com if you’re interested. The address is http://www.prosperreview.blogspot.com

  2. Unnamed Source says:

    Thanks boat, it’ll be interesting to see how things go for you.

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