2007-08-27 12:02:42 · 5 answers · asked by Donna M 1 in Business & Finance ➔ Personal Finance
sure hope you need this loan for a life of death situation if a guy gets 15% for a b rating - a d rating must be about 50%!!!
2007-08-29 10:50:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The things that can get your listing funded on Prosper:
#1 - Make a good listing - explain your income, your debts, what you are going to do with the loan money, why getting the loan is important and very importantly: How you are going to be able to pay back the loan
#2 - Belong to a group. As a member of a group your group leader can verify certain items about the loan and your income, an extra check that often alleviates any fears you are not a good risk. Also, the group leader can suggest ways to structure your listing so it is attractive to lenders.
If you want to check it out, my group is:
http://www.prosper.com/groups/group_home.aspx?group_short_name=FSC
#3 - Have some people who know you give references as part of your proposal
#4 - Make sure you are asking for enouigh interest. Ask for too little interest, and no one will be interested. It is actually better to ask for too much interest, because many will bid against each other to get the loan and drive the interest down to where you want.
#5 Make a good Headline for your loan
#6 get a good picture of you, your family, your children or something that represents what your loan is for, something that will catch people's attention.
Good Luck
2007-08-27 19:15:19 · answer #2 · answered by rlloydevans 4 · 1⤊ 1⤋
It depends on information that you indicate with your listing. I would look at your request and the interest rate you are willing to pay. Plus I would look at your bills, your credit grade and your DTI ratio. I am a lender, and here is what I look for. Does a person or persons have regular income coming in? Has Home Ownership and Bank Account information been verified? Is the borrower a member of a group? Also, the loans that I bid on have to be a B or higher and I want to get at least 15% on my money that I am lending.
2007-08-27 21:11:28 · answer #3 · answered by Gary 5 · 0⤊ 0⤋
Don't. You are better of without the loan.
2007-08-27 19:43:53 · answer #4 · answered by STEVEN F 7 · 0⤊ 1⤋
spam it on YA
2007-08-27 19:06:00 · answer #5 · answered by Anonymous · 0⤊ 2⤋