Anyone check out this website? www.prosper.com/join/eauclaire101?

Question

I signed up, but it is hard to trust them. I only invested $50 in it, and will not invest anymore until that $50 starts making some kind of a profit. Does anyone else have experience with the site? Let me know what you think.

Answer 1

I invested $1000.

The problem I have is I got greedy. I helped fund loans for people that had some relatively bad credit and they defaulted. Some were offering interest rates of 25% or more. Unfortunately, pleople with bad credit have bad credit for one reason: They don't pay their bills.

I will invest in Prosper again but this time I will stick to the better credits