Apr 14 2008
Prosper Loans
Prosper.com had a great idea, a great name, a great plan, and generated a lot of interest. It seems a number of other businesses and sites spun off the same idea. However, it appears that Prosper lending is not prosperous and the company is not responding to indicators and red flags and lender concerns. Is Prosper a good investment option?
This website blog review is about my 2 year experience as a Prosper lender. I am not a large volume lender, but I have made 40 loans. At this point I’m withdrawing my money from Prosper until I see core business changes that will restore my optimism about Prosper as a good investment option.
You can read my Prosper review and compare my results and experience with others. You’ll see that I still have hope that Prosper will adjust to the market and make changes to their business. If they do, Prosper lending will be a great investment opportunity for lenders. However, until they do, I’ve stopped prospering at www.Prosper.com.
