Internet's first get-out-of-debt community - 136,000 members

DawnMarie1 · Posted: Thu Apr 05, 2007 6:00 am Subject: prosper

Has anyone checked out Prosper.com?

Posted: Thu Apr 05, 2007 6:53 am Subject:

Lots of info here! Just use the google search feature. I have personally dealt with Prosper and have had a good experience. I like the concept.

Posted: Thu Apr 05, 2007 10:24 am Subject:

Read this topic on Prosper.

http://www.debtconsolidationcare.com/getting-loan/prosperloan.html

I have often heard them to be reputed. You have to apply for the loan and get listed. They are a community based website where one person helps the other by providing money at lower interest rate. Once your loan application is submitted, people will start reviewing your file and deposit what they can. You start collecting the loan from others in the community. It won't be tough to qualify for a small amount, though.

Posted: Sun May 06, 2007 9:25 am Subject:

They just revamped the rules and you have to have a credit score above 440. Other than that, I see a lot of people getting funding on the site. Unfortunately, I am in the under 440 category so I have to wait until it gets better for my financial situation. I like the fact that it is a person to person lending site--not a big financial institution that doesn't care. Cool

Posted: Sun May 06, 2007 11:25 am Subject:

icspots - that's a great bit of information - thanks for posting it!

Posted: Sun May 06, 2007 7:34 pm Subject:

I have a prosper loan the people were helpful and it was hard to get the loan but worth the work.. I have raised my credit score and wiped out a lot of debt, I did join a group and that helped..

Guest · Posted: Wed May 09, 2007 10:53 am Subject:

I too have a loan with Prosper and am very please with it. I was listed as high risk and requested a $3,000 loan to consolidate three high interest credit cards. I funded in three days. Get into a group, communicate well with the group leader, listen to what others have to say and you should do fine. Their forum is really good with a lot of information, tips, etc.

Posted: Wed May 09, 2007 1:54 pm Subject:

I wish that I had known about prosper before I got all my payday loans. It would have saved me a LOT of heartache. Unfortunately I just found out about it within the last couple of weeks and I am about to file bankruptcy. Everyone I have personally talked to that used prosper was very happy with it.

Posted: Fri May 25, 2007 1:20 pm Subject:

My experience with Prosper was not successful, although the members are helpful, respectful and supportive. At the time, I was requesting $7000 to pay off credit card debt. The consistent reason for my rejections was my credit score, but that was prior to the minimum score being announced. I think I will try them again.

Posted: Fri May 25, 2007 1:28 pm Subject:

I just listed with them yesterday but the minimum score they will accept is not a 520 but that is not your FICO its something else....so far no one has bid on me but its only been a day...I didnt know about the group thing until after I listed so it may not work out for me

Posted: Fri May 25, 2007 3:02 pm Subject: Prosper & Minimum Credit Score

I just checked with Prosper. They use only Experian, and the minimum credit score is 520.

Guest · Posted: Sat May 26, 2007 1:02 pm Subject:

Leah...you can retract your listing now or if it doesn't fund, you can relist. Whether or not you fund greatly depends on your credit history, the amount you are asking for and how much detail you provide about your credit history and current financial status. Again...I listed three times before I relisted with a group. I would be happy to check out your listing if you let me know what the listing number is. I am now a lender as well. I have only positive things to say about Prosper.

Guest · Posted: Sat May 26, 2007 1:10 pm Subject:

I found your listing Leah...it looks fine and you have endorsements so that is good. I think you have a pretty good chance. It is still early, so be patient. If you don't fund this time around, join a group and relist. I think you will have luck.

Posted: Sat May 26, 2007 3:54 pm Subject:

Thank you for the words of encouragement guest!

Posted: Tue May 29, 2007 7:16 am Subject:

The minimun score is 520, but it's not your straight experian score. It's a specialized score based on an internet lending model . . . . So just because you have a score under 520 doesn't mean you won't qualify.

Posted: Sat Jun 09, 2007 3:52 pm Subject:

can someone who has been through their process provide some good info for others? I am looking to get into that site, and there are a ton of groups. how do you know what group to join? I know that some are obvious, but there are thousands of groups. I am looking for the best way possible to help my family just get a little jump ahead, and get rid of a couple of very high interest rates we currently have. Any thoughts?

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