You did NOT ask: exactly What assets are pledged to aid the favored stock offerings that keep getting offered, recently? I’d be that people FOLKS will get their cash straight right back, VERY FIRST, and also the loan investors PAST.
Prudent, You raised a good concern. I inquired Peter Renton of personal Lending system this concern. This is the way Peter reacted:
Yes, these are unsecured records from LC/Prosper, maybe not the debtor. This is the reason we learn the financials of both organizations closely. All of the VC money they will have received is equity, they will have very small debt on their stability sheet outside of the loan provider records. [Read more…]