Comments on: A Reader Question – Is Prosper.com Trustworthy?

By: Final Words on My Prosper Borrowing Experience » Blogging Away Debt

Final Words on My Prosper Borrowing Experience » Blogging Away Debt — Tue, 30 Oct 2007 02:37:20 +0000

[...] Tips for Using Prosper for Debt Consolidation My List of Tips for Listing a Loan on Prosper Resources for Prosper Borrowers Reader Question: Is Prosper.com Trustworthy? [...]

By: Adventures In Money Making

Adventures In Money Making — Sun, 18 Feb 2007 02:16:21 +0000

I’ve been a lender on prosper for about 6 months. i think you do need to follow your gut on whether the borrower has the capacity or inclination to pay back.

I prefer mainly fresh grads with no credit, although i have lent money to older people who seemed down on their luck and needed $5k. so far out of 29 loans in the past 6 months no one has defaulted.

By: Tony Bendetto

Tony Bendetto — Tue, 26 Dec 2006 02:04:33 +0000

After reading 30+ articles both in print and on the net, I think using Prosper.com for investing is about as risky as buying stock on the stock market, considering the reliability of CFO’s these days.

By: Joel Odom

Joel Odom — Tue, 19 Dec 2006 14:58:14 +0000

I've been a lender on Prosper for about six months now. It's been a really good experience. here is my blog about my experience.

By: TJP

TJP — Sat, 16 Dec 2006 15:27:56 +0000

I think Prosper is a good idea, and it provides options for borrowers who get denied by banks when asking for loans.

I plan to use Prosper for lending means only, because I agree that group fees are exhorbant and costly.

Great Q & A session on Prosper. I’d love to hear more about your experiences with them in future posts.

By: kirkwalsh.com » Blog Archive » The Carnival of Personal Finance

kirkwalsh.com » Blog Archive » The Carnival of Personal Finance — Sun, 10 Dec 2006 20:09:48 +0000

[...] Tricia presents Is Prosper.com Trustworthy? posted at Blogging Away Debt, saying, “I’m not sure whether this would be better in debt or investing since I’m discussing Prosper. I’m a borrower there, so I ended up putting it under debt. Feel free to change. Thanks for hosting this week!” [...]

By: luanne

luanne — Sat, 09 Dec 2006 00:12:27 +0000

I have just started trying to get a loan on Prosper. I have been reading on the forums there and there are some seriously negative peoplr there. I thought it was a place to help those of us who can’t get help other places and apparently its not.
I am one of those unlucky single moms who needs financial help now. Aren’t there people out there who are actually willing to help?
Any ideas would be appreciated I am running out of time.

By: jason

jason — Wed, 06 Dec 2006 08:30:07 +0000

Hi Tricia,

Please inform your readers about the hidden costs of borrowing on prosper- in particular, groups that have big fees (i.e., ones that do not have 100% reward sharing). As a lender, I’m finding more and more people blindly joining groups that have leader which take as much as 4% in fees (Prosper calls these “rewards”).
http://www.prosper.com/public/help/topics/groups-rewards.aspx

I’m finding a lot of borrowers blindly join groups and don’t even realize the fees that group leaders are getting, which ends up hurting them by reducing the rate that a lender would get.