tag:blogger.com,1999:blog-20213892.post4485058570623222730..comments2023-12-22T08:29:29.230-08:00Comments on WHAT IS TRUTH: A Potentially High Interest Investment that Can be done with Christian and Socially Conscious Principles — Peer-to-Peer LendingKent Brandenburghttp://www.blogger.com/profile/13419354741455959191noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-20213892.post-44595264447954551482017-01-06T14:00:51.213-08:002017-01-06T14:00:51.213-08:00
Dear David,
Thank you for pointing this out. I ...<br />Dear David,<br /><br />Thank you for pointing this out. I am guessing that you got that information from reading the prospectus, which I did highly recommend people read. As the laws governing peer-to-peer lending can change at just about any time, and I may not be able to keep updating this blog post or my website article, I think it is justifable that I did not mention that information in the post. However, I appreciate your putting it in the comment section--thank you. Nobody should violate his conscience or do something contrary to the required rules in order to make money.<br /><br />Thanks again.KJB1611https://www.blogger.com/profile/09696273086955004524noreply@blogger.comtag:blogger.com,1999:blog-20213892.post-48282517411311771872017-01-06T04:54:47.871-08:002017-01-06T04:54:47.871-08:00The Prospect and Lending Club require those who in...The Prospect and Lending Club require those who invest to meet the following "State and Financial Suitability":<br /><br />"Investors who are residents of states other than California must have:<br /> <br /><br />(a) an annual gross income of at least $70,000 AND a net worth (exclusive of home, home furnishings, and automobile) of at least $70,000 OR<br /><br />(b) have a net worth of at least $250,000 (determined with the same exclusions)."<br /><br />Residents of California have even higher numbers than above.<br /><br />This makes the majority of people in America ineligible to use Peer2Peer investments. I think this is important to mention in your article. I was about to try it out until I saw I would have to agree to the above, which I cannot in honesty. Are there other Peer2Peer companies other than Prosper and LendingClub that would not require meeting the above conditions? Were you aware of the above conditions?Davidhttps://www.blogger.com/profile/10691092293025211173noreply@blogger.comtag:blogger.com,1999:blog-20213892.post-71838393884629366382013-11-16T07:56:12.015-08:002013-11-16T07:56:12.015-08:00Dear Bro. Mitchell,
You're welcome.
Dear Al...Dear Bro. Mitchell,<br /><br />You're welcome.<br /><br />Dear Alex,<br /><br />I don't know anything about that mutual fund firm. However, if you have investments with them, I would encourage you to use the complementary moral audit feature for stock mutual funds here:<br /><br />http://faithsaves.net/miscellaneous/<br /><br />to make sure that your funds are clean.<br /><br />Dear Jim,<br /><br />Thanks for the observations. I believe that there is no question that Prosper has changed for the positive since that time. I think that getting a 9% rate of return is quite feasible, and that even a higher rate of return is possible. I have both an IRA and a normal account with them.KJB1611https://www.blogger.com/profile/09696273086955004524noreply@blogger.comtag:blogger.com,1999:blog-20213892.post-12235035832972511872013-11-15T17:52:12.242-08:002013-11-15T17:52:12.242-08:00I invested in Prosper for 4 years. The site (servi...I invested in Prosper for 4 years. The site (service) has changed for the positive since then.<br /><br />My observations <a href="http://coldfusion-guy.blogspot.com/2011/10/prosper-4-year-experience-wraps.html" rel="nofollow">here</a>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-20213892.post-34551402083347049102013-11-15T12:42:30.953-08:002013-11-15T12:42:30.953-08:00Brother Ross,
I appreciate you posting this infor...Brother Ross,<br /><br />I appreciate you posting this information. It is something that I plan to look into. <br /><br />Bobby Mitchellhttp://www.apurechurch.comnoreply@blogger.com