Peer to Peer Lending, Opportunity X 3

[MJ DeMarco]

Thought this was an interesting article from both fronts...

1) Debt consolidation or funding sources for consumers

and

2) The business opportunity itself in managing a portfolio of loans (which many are doing.)

and

3) Just as an investor with surplus finds to invest.

Unfortunately, AZ doesn't allow this, much like they don't allow fantasy betting... probably the first STRIKE against my state I could cite that peeves me.

http://news.yahoo.com/why-skipped-bank-took-loan-peers-150119642--finance.html

Matt O'Malley runs a small investment company in Wisconsin called Looking Glass Investments, which invests solely in loans created by peer-to-peer lending sites.

"We like to invest in people," O'Malley said. "We're able to provide a service that a bank is no longer able to competitively provide."

Looking Glass is small, with less than $10 million in assets, but it owns more than 6,200 loans and is growing quickly. Looking Glass had a 10.2 percent return last year on those investments.

 

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[CJC3392]

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[Kingsta]

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[healthstatus]

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