One other week has handed and that means it is time for another Questrom Weblog Collection. Fortunately for me, interesting things hold happening every week and the weblog is ready to keep contemporary. This week is not any exception and I’m pleased to spotlight a good pal of mine, Ken Corridor, as he explains how his VCIC staff was capable of come out on high in the Northeast Regional competition. As mentioned earlier, Prosper was founded in 2006 and was the very first firm to pioneer any such lending platform. For a new idea and know-how that has only been round 6 years there are those who are very skeptic. Questions are raised if this is for real and could this be the brand new way forward for lending? Effectively, I don’t have a crystal ball, nevertheless it’s my guess that this is something that is not going to go away any time soon. There are some actually nice advantages platforms like these present. Not only from a borrowing standpoint but from an buyers as properly. Where else can an investor get double digit returns? Absolutely not in their financial institution CD accounts. Another sign that I consider supports my notion of p2p lending sticking around is that now a few of the large names in Wall Road are leaping aboard these firms. In May of 2012 it was reported that p2p lending has hit $1 billion dollars.
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