Anyone used prosper.com?

[sd_bear]

I just found this and find it really interesting. Seems like a lot of potential to get pretty good returns and it’d give me a chance to do something with some of my extra cash while I sit out of the current stock market troubles.

Does anybody have experience with this or advice why I should or shouldn’t invest?

[HereWeGo]

There’s a thread about Prosper over at SDCIA.

I’d avoid Prosper, but I’m not a big fan of underwriting-free lending.

[HereWeGo]

There’s a thread about Prosper over at SDCIA.

I’d avoid Prosper, but I’m not a big fan of underwriting-free lending.

[HereWeGo]

There’s a thread about Prosper over at SDCIA.

I’d avoid Prosper, but I’m not a big fan of underwriting-free lending.

[HereWeGo]

There’s a thread about Prosper over at SDCIA.

I’d avoid Prosper, but I’m not a big fan of underwriting-free lending.

[HereWeGo]

There’s a thread about Prosper over at SDCIA.

I’d avoid Prosper, but I’m not a big fan of underwriting-free lending.

[Diego Mamani]

A few months ago “Fast Company” magazine run an article on Prosper.com. They interviewed a few lenders and borrowers. One of the borrowers had started a new business, was very happy, and he thought of his lenders as “co-investors.”

That last remark was worrisome to me… as if he planned to pay back the loan only if his business works out.

Some lenders stated that they researched each borrower carefully before lending any money. Other lenders said that they used a simple formula: how much money to lend, at what interest rate, and at what level of borrower’s credithworthiness, without actually looking at the borrowers individually.

[Diego Mamani]

A few months ago “Fast Company” magazine run an article on Prosper.com. They interviewed a few lenders and borrowers. One of the borrowers had started a new business, was very happy, and he thought of his lenders as “co-investors.”

That last remark was worrisome to me… as if he planned to pay back the loan only if his business works out.

Some lenders stated that they researched each borrower carefully before lending any money. Other lenders said that they used a simple formula: how much money to lend, at what interest rate, and at what level of borrower’s credithworthiness, without actually looking at the borrowers individually.

[Diego Mamani]

A few months ago “Fast Company” magazine run an article on Prosper.com. They interviewed a few lenders and borrowers. One of the borrowers had started a new business, was very happy, and he thought of his lenders as “co-investors.”

That last remark was worrisome to me… as if he planned to pay back the loan only if his business works out.

Some lenders stated that they researched each borrower carefully before lending any money. Other lenders said that they used a simple formula: how much money to lend, at what interest rate, and at what level of borrower’s credithworthiness, without actually looking at the borrowers individually.

[Diego Mamani]

A few months ago “Fast Company” magazine run an article on Prosper.com. They interviewed a few lenders and borrowers. One of the borrowers had started a new business, was very happy, and he thought of his lenders as “co-investors.”

That last remark was worrisome to me… as if he planned to pay back the loan only if his business works out.

Some lenders stated that they researched each borrower carefully before lending any money. Other lenders said that they used a simple formula: how much money to lend, at what interest rate, and at what level of borrower’s credithworthiness, without actually looking at the borrowers individually.

[Diego Mamani]

A few months ago “Fast Company” magazine run an article on Prosper.com. They interviewed a few lenders and borrowers. One of the borrowers had started a new business, was very happy, and he thought of his lenders as “co-investors.”

That last remark was worrisome to me… as if he planned to pay back the loan only if his business works out.

Some lenders stated that they researched each borrower carefully before lending any money. Other lenders said that they used a simple formula: how much money to lend, at what interest rate, and at what level of borrower’s credithworthiness, without actually looking at the borrowers individually.

[CBad]

I checked it out a few months ago and thought it seemed really cool. So then I started reading some reviews and people’s personal experiences out there on it. Yikes. It was more than enough to scare me away. Most loans are 3 years or less I believe so I’d like to see how the company is doing in a couple years. Maybe by then they’ve sorted out some of their issues?

[CBad]

I checked it out a few months ago and thought it seemed really cool. So then I started reading some reviews and people’s personal experiences out there on it. Yikes. It was more than enough to scare me away. Most loans are 3 years or less I believe so I’d like to see how the company is doing in a couple years. Maybe by then they’ve sorted out some of their issues?

[CBad]

I checked it out a few months ago and thought it seemed really cool. So then I started reading some reviews and people’s personal experiences out there on it. Yikes. It was more than enough to scare me away. Most loans are 3 years or less I believe so I’d like to see how the company is doing in a couple years. Maybe by then they’ve sorted out some of their issues?

[CBad]

I checked it out a few months ago and thought it seemed really cool. So then I started reading some reviews and people’s personal experiences out there on it. Yikes. It was more than enough to scare me away. Most loans are 3 years or less I believe so I’d like to see how the company is doing in a couple years. Maybe by then they’ve sorted out some of their issues?

[Author]

Posts