Comments on: Risky Business: Using Payday Loans to Pay the Subprime Mortgage http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/ Lending Club and Prosper.com Experience Fri, 04 Jul 2008 20:48:55 +0000 http://wordpress.org/?v=2.5.1 By: Homeowners Resorting to Arson due to Foreclosure | Personal Loan Portfolio http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/#comment-155 Homeowners Resorting to Arson due to Foreclosure | Personal Loan Portfolio Fri, 11 Jan 2008 03:44:42 +0000 http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/#comment-155 [...] roots. I recently posted that you should watch out for homeowners in your P2P loans due to the desperate means home owners may use to pay the mortgage in order to save the [...] [...] roots. I recently posted that you should watch out for homeowners in your P2P loans due to the desperate means home owners may use to pay the mortgage in order to save the [...]

]]> By: First Peer-to-Peer Lending Carnival | Personal Loan Portfolio http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/#comment-142 First Peer-to-Peer Lending Carnival | Personal Loan Portfolio Mon, 07 Jan 2008 03:20:55 +0000 http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/#comment-142 [...] Loan Portfolio Experience in P2P Lending on Prosper and Lending Club « Risky Business: Using Payday Loans to Pay the Subprime Mortgage Investment in Prosper Loans - My Next $500 [...] [...] Loan Portfolio Experience in P2P Lending on Prosper and Lending Club « Risky Business: Using Payday Loans to Pay the Subprime Mortgage Investment in Prosper Loans - My Next $500 [...]

]]> By: PLP http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/#comment-137 PLP Sat, 05 Jan 2008 16:16:38 +0000 http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/#comment-137 I missed Matt's article. Thanks for mentioning it because it is a good reference that backs up statistically what my gut was telling me. I missed Matt’s article. Thanks for mentioning it because it is a good reference that backs up statistically what my gut was telling me.

]]> By: Tom http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/#comment-121 Tom Wed, 19 Dec 2007 12:02:25 +0000 http://www.personalloanportfolio.com/41/risky-business-using-payday-loans-to-pay-the-subprime-mortgage/#comment-121 You make very good points. I think there are a lot of people that could try to get an unsecured loan through Prosper or Lending Club to slow a forclosure. In fact, I think it's already been happening. Matt wrote an article a couple months ago and found that homeowners were more likely to default than non-homeowners. Here's the article: <a href="http://prosperlending.blogspot.com/2007/07/are-non-homeowners-safer-lending-risk.html">Are non-homeowners a safer lending risk in a declining house market?</a> You make very good points. I think there are a lot of people that could try to get an unsecured loan through Prosper or Lending Club to slow a forclosure. In fact, I think it’s already been happening. Matt wrote an article a couple months ago and found that homeowners were more likely to default than non-homeowners. Here’s the article:

Are non-homeowners a safer lending risk in a declining house market?

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