Prosper on ABC World News Tonight

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Uploaded by on Jan 19, 2007

Prosper, the online community for people to people lending, featured in ABC World News Tonight.

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News & Politics

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  • 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.

  • Nice video but totally inaccurate portrayal of how you get your money back and the risk. It is an unsecured debt, just like a credit card. If you default a bank has no more recourse than you do at prosper. Prosper has a credit agency that reports on the borrowers and attempts to collect deliquent accounts. If a borrower defaults, they get dinged credit report and they get launched off prosper permanently. People are graded based on credit score. Man, you talk about inaccurate journalism.

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