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Monday, November 05, 2007

Because why should Vinnie the Loan Shark have all the fun?

Person-To-Person Lending Flourishes on Web
by Jessica Smith
Morning Edition November 2 2007 · Known as a nation of borrowers America at last count had a collective $2.5 trillion in consumer debt. But it could fast become a nation of lenders as Web sites that enable ordinary people to lend to each other flourish. Welcome to the era of coffee shop money lending. In a cafĂ© in Washington D.C. 31-year-old Kelly Vielmo stares at a laptop screen and browses a listing of people who want to borrow money. He has logged into his account at 'person-to-person' lending site Prosper.com.