So I noticed someone ask about Prosper.com?

Question

they referenced this blog: http://financialwisdom101.blogspot.com/

Does anyone else have actually experience borrowing or investing?

I may borrow some cash from them but my credit isn't great.

Answer 1

There are many low score (high risk) people who manage to get funded on prosper.

The first thing that you should do is to sign up with a group. One that the group leader will vet you to show that you are a good risk.
Then you need to write up a good listing, you might do some research on how others have written their listings. There is a forum on that site, I would suggest visiting it and doing some reading.

Your finances will be an open book so do not try to hide anything. If it is found out that you were not upfront about your credit history, that may do some damage to your listing.

You might check out the link I've provided Go to the Credit Forum and towards the top is a small group of links for a subforum. Click on Prosper Marketplace and do some reading. While this link is not part of the prosper.com, it does have a lot of valuable info on there on how to write up a listing, what to expect etc.

While you are on the creditboards site, you might want to do some reading in the regular credit forum and learn how to work on your credit.

Answer 2

Yes, I have experience on the lending side and have been very satisfied with the results and the model. If you are familiar with eBay, then you will quickly understand the impact and idea of Prosper.com.

Borrowers post loan requests with the MAX interest rate they are willing to pay. In turn lenders bid on loans with the MIN interest rate they are willing to accept. If everything lines up over the period of the listing (7 days or so). Then you have a loan and I have an investment. Yes, there are fees. Prosper charges 1%....HA!

www.ProsperLoansOnline.com

Cheers
Josh

Answer 3

International Relations Coordinator Robyn Broughton says His Holiness relatively desired to have interaction with employees and pupils. As the capability of St David is restricted to 500 individuals, it used to be made up our minds to run a contest to decide on which employees and pupils can attend – asking what query they could ask the Dalai Lama. The festival closes on Friday 19 April, however Mrs Broughton says there was a super reaction already from employees around the campus. “We have had entries from around the board,” she says. “Right from PhD pupils to senior leadership.” And the questions quilt a spectrum of subjects too. “There are fairly a couple of round the best way to attain stability in a hectic lifestyles, fairly a couple of round His Holiness’s ideas across the function of tertiary schooling for younger individuals, a few round the best way to keep constructive, anybody has requested ‘If you might be an animal, what could you be?’, yet another has requested ‘What is your favorite formative years reminiscence?’.” The last inquiries to be positioned to His Holiness will likely be decided on by means of the countrywide organiser of the Dalai Lama Trust, however Mrs Broughton believes there will likely be combine of great and extra mild-hearted questions. Professor Mark Henaghan of Law will facilitate the consultation and positioned the inquiries to him.

Answer 4

Yes you can barrow or invest, I will borrow next month for my car,

Goodluck

Answer 5

Too good to be true category- there will be a catch somewhere. Usually with you paying some exorbitant interest rate.

Answer 6

hmm