I want to if I should do business with
2007-03-23 08:27:17 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
I would not deal with anything other then a federally insured bank at this point in time.
2007-03-23 08:30:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would not recommend lending on Prosper as an investment. The average returns for lenders have been around 6% (after defaults and fees). That is barely better than a risk free investment, and Prosper lending is very risky.
The way to make money on Prosper is to be a group leader and bring many borrowers into your group. I would recommend reading and participating in the Prosper forums for atleast a month before diving in as a group leader or lender. There are many bright people there, and they all seem very willing to help and share information.
forums.prosper.com
2007-03-27 02:36:35 · answer #2 · answered by cuztis209 4 · 0⤊ 0⤋
I have dealings with lenders every day. I have asked many times about the legitimacy of Prosper. Every lender I have spoken to about them says they are legitimate but they have heard some bad things about them as far as customer service goes.
2007-03-24 09:09:45 · answer #3 · answered by nebula7693 4 · 2⤊ 0⤋