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Communal lending/borrowing..

MinisweeperMinisweeper New
edited November 2006 in Vanilla 1.0 Help
So 3stripe mentioned this in one of his posts and I think it's a really interesting idea so i thought I'd branch off and start a discussion about it...
Zopa

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    DeniedDenied New
    I don't remember the name, but there's another site doing something like that.

    It's an interesting concept, but I have to wonder what the defaulter rate is, and how they deal with a defaulting borrower. I can't find any mention in their FAQ.
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    DeniedDenied New
    http://zopa.spreebb.com/index.php?showtopic=698

    Defaults happen.

    I'm not sure this is the kind of thing that people should be doing personally. Someone's likely to end up dead over a bad loan.
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    WallPhoneWallPhone
    Luigi wants to know if you have considered consolidating all your existing debts into one managable monthly payment?
This discussion has been closed.