Prosper is one of America’s two well known Peer to Peer (P2P) lending companies. They provide a way for individual borrowers and lenders (regular people like you and me) to make loan agreements between each other, using Prosper’s platform to broker the deals. As a borrower, all you have to do is fill out the easy application. You’ll quickly find out what interest rate you will … [Read more...]
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Top 5 Reasons to Get a Loan through Prosper
Prosper, like Lending Club, is one of several peer-to-peer lending companies that have given people a cheaper alternative to what is often found in commercial banks. Their credit requirements aren’t as strict, and they have lower interest rates – that is, if you have good credit.Some people would find this method of borrowing money to be much easier, as the lower interest … [Read more...]
Peer-to-Peer Lending as an Alternative to a Bank Loan
Since the rise of peer-to-peer lending, banks have tried to scare people out of participating in these alternative programs. They want to convince people that the safest way to borrow money is through them, but is it really working?Some say that the Great Recession of 2007 was caused by excessive de-regulation mixed with a lack of transparency about the country’s problems. … [Read more...]
Does Prosper Really Work? A 2016 Prosper Review for Borrowers and Investors
Peer to peer lending (P2P) is the fastest way for regular people to get affordable loans online. Prosper is one of a number of P2P services that have sprung up in the United States over the past decade or so. For users with a mid-to-strong credit score, reasonable interest rates and fast processing make Prosper more convenient and affordable than lending options from any other … [Read more...]
A Lender’s Guide to Prosper
Most of us remember what it was like when the market crashed in late 2007. A chain of events led to one worst economic collapses since the Great Depression. Many people were getting laid off, and there were a record number of foreclosures. This led to a series of government bailouts that sent this country into a political panic. As a result, banks began to turn down loans to … [Read more...]
