Apr
18
Prosper Increases Maximum Interest Rates
April 18, 2008 | Leave a Comment
I’m a Prosper.com lender. One of the problems I’ve noticed is the low maximum interest rates for borrowers in some states. Prosper has now fixed this problem for most states. Previously max rates had been as low as 6%. Now most states in the US have a maximum interest rate of [...]
Apr
9
Lending Money on Prosper: My Results
April 9, 2008 | 2 Comments
This is the 4th post in a series of articles about Prosper.com. Prosper is a person to person lending site with an auction format similar to EBay. I’ve been lending money on Prosper for awhile. In this article I’ll write about my results.
In my previous articles, I’ve discussed how Prosper.com works and the risks [...]
Apr
8
Lending Money on Prosper: What Are the Risks?
April 8, 2008 | 1 Comment
This is the 3rd post in a series of articles about Prosper.com. Prosper is a person to person lending site with an auction format similar to EBay. If you’re a lender you may want to consider the risks of lending money on Prosper before you start loaning money.
In my previous article on Prosper, [...]
Apr
7
What is Prosper and How Does it Work?
April 7, 2008 | 4 Comments
What is Prosper and how does it work? Prosper.com is a website for personal loans that allows borrowers and lenders to find each other in an Ebay style auction. I’ve been a member of Prosper for over a year. In this article I’ll tell you how Prosper works.
In a previous article about [...]
Apr
3
Peer to Peer Lending with Prosper Et Al.
April 3, 2008 | 2 Comments
Maybe you’ve heard of peer to peer (p2p) lending. It’s also known as social lending or person to person lending. What is it and how does it work? I have some experience in this area so read on to find out what p2p lending is all about.
Borrowers
Consumer loans are big business. [...]
