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Peer-to-peer lending

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10-17-2009, 03:02 AM	#1
xenon_001 Junior Member Join Date: Feb 2008 Posts: 85	Peer-to-peer lending Sites like Lending Club seem like an interesting way to earn some money on savings since they promise interest rates of around 10% annually. However, looking at the detailed statistics, default rates are actually extremely high, except for highest grade of loans. Does anyone have any experience with this or have any thoughts?
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