the "flaw" in p2p lending to me was that lc prosper etc. dont have the incentive to collect like a normal un-secured creditor would..... the collection effort is very poor and spotty. It looks to me like collectors almost breathe a sigh of relief when the customer doesnt answer the phone. When they do by chance get a customer on the phone many times nothing is resolved. It seems like accounts just for the most part work there way through the various stages of delinq and then are charged off with nothing more than a "oh well".......i worked in collections through out my 30 years in consumer lending and have never seen anything like the lack of effort to collect accounts. I will continue to buy notes on lc and prosper but will never get carried away with the amount invested ie ( hobby $)