Marketplace Upgrade

[Poof]

I think it should be at your own risk period, otherwise it gets to crazy.
Once they go debit, they don't care and the site is out, that is not fair.
I do not know of any site that backs bad loans for ppl who get burned, they are all at your own risk.

[Daytradin]

I think it should be at your own risk period, otherwise it gets to crazy.
Once they go debit, they don't care and the site is out, that is not fair.
I do not know of any site that backs bad loans for ppl who get burned, they are all at your own risk.

Well if you did indeed read my post, it never suggested the site takes any risk. A potential fee based insurance system would be similar to your PMI or private mortgage insurance. Premiums paid for at loan consummation by both borrower and lender and % of bad loans absorbed by fund. I would love to hear an intelligent argument against that.