You said 2 of the category `C’ people defaulted.

How many category `C’ people did you actually invest in?

Thanks in advance

Brian

Yes, I am loaning money to two or three main categories and mostly have had no problem with them. Recently I decided to loan money to the ‘C’ category at about 12.5%. I have had two people default in that time, and I lost about £20 or so. However, with the lower interest loans (one at 4.5%, one at 6.8%) I have only had one default in about 5 years.

I think more people should give these sites a go. They seem to me to be the future of lending and borrowing and it’s certainly good to cut the banks out!

I am most interested in this scheme, as a lender.

I have over £10 000 that I could loan: the money is not required in the short term or indeed for a number of years.

Whilst I am certainly not risk averse, I would not wish to throw my money away (as I seem to have done with shares in Aero Inventory: my loss is well covered by other profits).

I am not going to ask you how much you have loaned, but wonder if as a lender you may be wiling to answer a few questions.

Have you loaned to different categories of people and for different time periods and what have you pitched your interest rates at, just below average, for example.

Have you suffered any losses.

I have used a number of the suggestions in your weekly tips, and have been satisfied with them all.

You seem a very sensible and incredibly astute person: that’s why I’m asking the questions.

Any answers you could provide would be most useful in assisting me to reach decisions.

If you feel unable to assist then that’s fine.

With best wishes

Richard