I have wanted to try this for a while, but i'm so skeptical, I just can't bring myself to make the leap, I would preffer to hear from people who have had bad experiences with them to get an idea of what the company is like.
I would also like to hear some positive imput from people that have had good experiences.
2007-09-24 05:15:32 · 5 answers · asked by madisonspy 1 in Business & Finance ➔ Personal Finance
Prosper is legit.
I am a small lender on Prosper. As of now, I have been a involved with lending on 20 loans to 20 different people.
If you have decent credit, the ability to pay the loan back, and you can write a good add, you should get a loan.
2007-09-24 05:26:48 · answer #1 · answered by Wayne Z 7 · 2⤊ 1⤋
There are lots of `loan` companies, but what you should realise is that loan companies do not lend their own money.
They put your details forward to a lending bank and when you receive your loan they get paid a commission.
So their lending money does not come into it. What does come into is how much they charge you upfront or even after you`ve got the loan.
What a lot of people do not realise is that they, you, can approach the lending bank direct and cut out the loan company, which means you could get a loan at a lesser lending rate because the commission of the loan company does not have to be taken into account.
2007-09-24 05:22:11 · answer #2 · answered by Montgomery B 4 · 1⤊ 0⤋
Prosper is a legit company. I didn't get approved because of my credit which I was bummed about. They advertise for bad credit loans and then they still deny you but I knew of a friend who was able to get one.
2007-09-24 05:28:53 · answer #3 · answered by ? 5 · 0⤊ 1⤋
i tried unsuccessfully with prosper
2007-09-24 06:06:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No I haven't and I think it's a scam.
2007-09-24 05:20:16 · answer #5 · answered by Hot Chocolate 4 · 0⤊ 2⤋