Friday, March 21, 2008

CBS Evening News features P2P lending

"Beating the financial giants at their own game. Now that's…priceless," reports John Blackstone from CBS Evening News.

CBS Evening News interviewed Justin Brown, a Lending Club borrower, who reduced his the rate on his motorcycle loan from 31% to 10%. They also talked to Alex Clemens who lends money on Prosper, Lending Club and Zopa. "I'm not giving them money, I'm loaning them money," said Clemens.

Article: In Credit Crunch, Lending To Each Other

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