I'm going to try Prosper.com

While I wait for $1000 to transfer into my Prosper account, I started looking at what types of borrowers I would consider. Prosper's new Porfolio feature seems pretty nice -- a packaged up ball of debt that I can purchase. Sounds familiar? It should. That's exactly what got us into this Subprime mess in the first place. So I'm going to be very conservative with this for the time being.

Here are my lending rules:
AA or A credit
Less than 30% DTI (debt to income ratio)
Less than $10000 loan request
Exclude automatic funding
0 Now Delinquent
0 Delinquencies last 7 years
0 Public Records last 10 years
0 Public Records last 12 months
0 - 4 Credit Inquiries last 6 months

This search netted me 36 listings at 10:15am. A few are set to expire today, so I won't be able to bid on them. I'm going try playing with the Portfolio method. What I'm hoping is that once my funds clear, I can contribute 4% equally across 25 listings. It'll probably earn very little since I'm not touching any risky credit borrowers, but I'm hoping that it earns more than a 3-year CD.