Prosper Loan Group
Prosper Loan Group wants you to Prosper! That’s why we’re here to help you find the tools and information that is needed to make a smart investment.
Why investment in stocks when you can make double your money (if not more!) by investing in someone that is in financial need. You’re able to help others, while helping yourself to a nice rate of return! There have been millionaires created through Prosper.com and we’re here to show you how you can become a millionaire for FREE!
Prosper, America's first people-to-people lending marketplace, was created to make consumer lending more financially and socially rewarding for everyone. Prosper's membership consists of over 300,000 people from across the country. Since launching in February 2006, over $68 Million in loans have been funded in the marketplace.
The way Prosper works is intuitive to people who have used eBay. Instead of listing and bidding on items, people list and bid on loans using Prosper's online auction platform. People who want to lend on Prosper set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. In addition to criteria commonly used by institutional lenders, such as credit scores and histories, people who register as Prosper Lenders can consider borrowers personal stories and group affiliates.
Groups on Prosper are critical to bringing people together for the common goal of borrowing at better rates. People who want to borrow on Prosper create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. Then the auction begins as Prosper lenders bid down the interest rate. Once the auction ends, Prosper takes the bids with the lowest rates and combines them into one simple loan to the borrower. Prosper handles all on-going loan administration tasks including loan repayment and collections on behalf of the matched borrowers and lenders.
Why wait when you can open an account at Prosper.com and take advantage of this amazing opportunity!