Thanks for the breakdown. I've looked at loaning on Prosper and Lending Club.

They both focus on our credit reporting system which in my opinion is an absolutely miserable metric of reliability. I don't like the thought of not being able to assist someone with their cause because they missed a few phone bills 3 years ago. It should be purely at the discretion of the person providing the loan.

From what I understand you can't even join Lending Club without a near impeccable credit score. And at that point, why would you join as opposed to heading to your credit union for a personal loan?

I just don't see the point in what they're offering.

Anyway, that's a tangent.