bull shit, I just applied and got back not approved because of low score, I through it was for people with bad credit......The most you can do with this, is become a lender, then worry if a person will default,,,then what do you do....when they ignore the bill...lol.
I am long time lender and unfortunately did not have a good experience - about 45% of my loans defaulted. I like the concept but this is not quite ready yet for investing ....
I am a Prosper Lender and I've had good experience with it. I've won 8 bids so far- most for the min. of $50, and one for $100. My average interest rate is 14.23% and most of my loans are to lower risk borrowers-- though two are to B, and one is to C credit.
bull shit, I just applied and got back not approved because of low score, I through it was for people with bad credit......The most you can do with this, is become a lender, then worry if a person will default,,,then what do you do....when they ignore the bill...lol.
zimby215 1 year ago
I am long time lender and unfortunately did not have a good experience - about 45% of my loans defaulted. I like the concept but this is not quite ready yet for investing ....
johrals 2 years ago
good luck prosper, welcome back!!
brooman15 2 years ago
I am a Prosper Lender and I've had good experience with it. I've won 8 bids so far- most for the min. of $50, and one for $100. My average interest rate is 14.23% and most of my loans are to lower risk borrowers-- though two are to B, and one is to C credit.
JimmyzToo 3 years ago
Power to the people, great idea.
stankwho 4 years ago