I want to know if they're reliable.
2007-01-28 11:29:35 · 2 answers · asked by mell_mell013 1 in Business & Finance ➔ Credit
I just noticed where you replied to my last answer about prosper. I am a lender and borrower on Prosper. I recently had a loan funded for $5000 at 8.85% interest and I have a B credit rating. Getting a loan depends on your credit rating and how much you borrow. Start out trying for $5000 or less and be sure to start at a higher interest rate. I started at 11% and the rate was bid down over the 7 day period. If you have a riskier credit rating then start at a higher interest rate. Have someone read your listing before you post it to see if there are any grammatical errors or if any additional information needs to be added.
When I am deciding who I lend to I look at why they want the money, what there bills are now, if they are able to afford the payments, and how many delinquencies they have on their report. I also am more likely to loan to someone who has a picture posted with their listing...it makes them seem more like a real person. If your loan doesn't get funded, try again. A good group to join is the two millionaires group. A lot of people in their group get funded fast. Good Luck!
2007-01-31 08:07:53 · answer #1 · answered by steffers4979 4 · 0⤊ 0⤋
no
2007-01-29 19:17:40 · answer #2 · answered by Anonymous · 0⤊ 1⤋