Prosper Review: Peer to Peer Lending

Prosper is generally recognized as the first peer-to-peer (P2P) lending platform in the US. Prosper provides unsecured personal loans that can be used for nearly any purpose.




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  • canythould43
  • kentemad
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Prosper Review: Peer to Peer Lending
  • canythould43
    canythould43 added a new video
    Prosper Review - Wealth Pilgrim 00:00
    Prosper Review - Wealth Pilgrim http://wealthpilgrim.com/prosper-social-lending-review/ expands on this video which details reviews Prosper as an online social lending tool. The We ...
    15 days ago
  • canythould43
    The loans are unsecured. That means the people who borrow money promise to pay back the loans but they aren’t required to provide collateral. It’s
    15 days ago
  • canythould43
    Not everyone can invest at Prosper. There is a list of requirements that all investors must meet before they can open an account:

    Individual investors must be 18 years of age or older, have a valid Social Security number as well as a checking or savings account.

    You must reside in an eligible state. As of this writing residents in the following states may invest: Alaska, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New York, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.

    Some states, Alaska, Idaho, Missouri, Nevada, New Hampshire, Virginia and Washington, have financial eligibility requirements of a $70,000 annual gross income and a $70,000 net worth. Also, no residents of these states may invest more than 10% of their net worth in Prosper notes.
    15 days ago
  • canythould43
    When investors consider Prosper as an investment they need to remember that there have really been two iterations of the company. Prosper 1.0 was from their beginning in 2006 to 2008 when underwriting standards were very lax (the minimum credit score was 520) and investor returns, on average, were negative. Prosper 2.0 is from 2009 to the present day when underwriting standards improved dramatically (minimum FICO score is now 640) and returns for investors have been much better.
    15 days ago
  • kentemad
    Prosper anticipates that investors can expect to see a 4.99 percent return on AA investments, up to 13.48 percent on E grade investments. You only need to invest $25 to get started.
    1123 days ago
  • kentemad
    Prosper offers a wide range of loans from debt consolidation to home improvement, short-term and bridge loans, auto and vehicle loans, small business loans, baby and adoption loans, engagement ring financing, special occasion loans, green loans, and even military loans.
    1123 days ago
  • kentemad
    Prosper Marketplace, Inc. was the first ever peer-to-peer lending marketplace in the U.S. The platform has grown tremendously since its inception; it now has a member base of 810,000 people and has funded over $12 billion in loans.
    1123 days ago
  • kentemad
    kentemad added a new photo
    Funding Circle's US originations
    • Funding Circle's US originations
    1143 days ago
  • kentemad
    kentemad added a new video
    Prosper.com Review for New Investors 00:00
    Prosper.com Review for New Investors See http://www.lendacademy.com/prosper-review/ for a written review. Prosper.com is one of the leading peer to peer lending platforms and this video t ...
    1143 days ago
The loans are unsecured. That means the people who borrow money promise to pay back the loans but they aren’t required to provide collateral. It’s a personal loan.
Last replied by canythould43 on Saturday, 14 January 2023