ChrisFS
Joined: 22 Nov 2007 Posts: 6
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Posted: Fri Nov 23, 2007 9:32 am Post subject: |
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For a borrower with a good credit record, it may be either/or. With Prosper, you can start the borrowing process and see what kind of score they give you and then cancel, if your score is lower (and therefore your initial interest rate higher) then you expected. I don't know if Lending Club is the same.
If you have a good description in your listing, the rate on your loan could be bid down by lenders, to a lower rate that you started,
On Lending Club, I believe that the rate is fixed by Lending Club and won't move up or down |
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