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Prosper.com Reviews

by Peter Renton on April 15, 2010

Prosper.com is the oldest and largest social lending network in the United States, with close to 1 million members originating $200 million in peer to peer loans. The company has raised $43 million in venture capital and continues to rapidly expand. Borrowers can get loans for up to $25,000 and as more lenders commit to their loan, they’ll see their rate continue to decline. Meanwhile, lenders can place as little as $25 into a single note, or invest via Prosper’s automated portfolio plans. A burgeoning secondary market also enable investors to trade notes that have already been issued.

But is it right for you? Here are some prominent Prosper.com reviews to help you to decide:

ABC World News Tonight Examines if Prosper.com is Too Good to Be True

WNBC New York Shares the Story of Mabel Ivory, Who Tried to Borrow $15,000 for her Wedding via Prosper.com

Money Talks Looks at the Risk and Returns Lenders Can Expect from Prosper.com

ABC7 San Francisco Thinks Prosper is Prospering

Borrow money at Prosper.com

Lend money at Prosper.com

{ 1 comment… read it below or add one }

Luke December 2, 2010 at 8:00 pm

Lending Club can be a great source. But it can take a while for bids to come in. Before going this direction I suggest trying for a regular loan first. If you are confused on where to start i would try. lifehousefunding.com they were able to get me a 25k loan at 9.25%. It only took about a week.

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