People to People Lending with Prosper
Posted By: admin | 2009.11.21
everyone. The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper’s online auction platform. People who want to lend set the minimum interest rate they are willing to earn and bid in increments of to 000 on loan listings they select. People who lend can easily diversify using “standing orders”, which automatically make many small loans to different borrowers…. … google howto people lending …
6 Comments:
lhsbandnurd / December 1, 2007 3:54 am
I feel obligated to point out that Karen no longer works for Prosper Marketplace, Inc. and hasn’t since early in 2007.
lhsbandnurd / December 1, 2007 4:43 am
Also, and more importantly, Prosper has recently replaced the Experian data with its own, searchable, default/late data.
lutzie200 / January 30, 2008 8:16 pm
Shouldn’t it be “I feel ‘obliged’ to point out…” ‘Obligated’ carries a legal meaning that is different from obliged.
lhsbandnurd / February 3, 2008 11:43 am
You are correct, obliged is a more accurate descriptor. I do not work for Prosper, and as such would never be ‘obligated’ to tell anyone anything about them.
tyrell92 / March 5, 2008 1:52 am
sounds good to me. Im in.
NorEaster07 / August 28, 2009 9:12 pm
I’ve used prosper and I must admit, its a great platform. I borrowed money which I’m still paying off and I helped lend money to someone in need.
It’s a great concept and maybe we’ll one day get rid of those bully big banks.
Great way to invest your money too.