There are now nineteen live listings on WikiLoan.com. Not surprisingly, none of the listings have been issued funds from a lender. The borrowers are asking for outrages interest rates based on their credit ratings. There are borrowers asking for 4% interest rates for their unsecured loans! Most of the listings have F ratings (scores between 0-599) and are asking for rates under 10%.
I can’t blame the lenders for avoiding this site for now. WikiLoan should advise their borrowers of reasonable rates based on their credit scores. LendingClub.com sets the rates, and Prosper.com shows lenders how likely their loan will be funded for a range of rates.
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