Debtconsolidationcare.com - the USA consumer forum

prosper.com

Date: Tue, 12/05/2006 - 15:51

Submitted by jess
on Tue, 12/05/2006 - 15:51

Posts: 102 Credits: [Donate]

Total Replies: 69


has anyone ever heard of or deault with prosper.com


I have done a lot of research on Prosper.com. It is the real deal. They don't shake you down for money. They just ask and it is up to you whether or not you fund the person asking. If you don't, then so be it and move on.


lrhall41

Submitted by on Tue, 12/05/2006 - 18:13

( Posts: | Credits: )


If your loan doesn't get any bids it moreless just cancels out after the listing time. Yea, I have a request on there now and so far I don't even think anyone has checked it out. I am assuming that it is just as hard to get one through them, as a loan company itself.


lrhall41

Submitted by on Tue, 12/05/2006 - 18:28

( Posts: | Credits: )


Sam keep us informed I am with Fins I am curious about this one. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Wed, 12/06/2006 - 06:30

( Posts: 2477 | Credits: )


I have had a posting with Prosper and had zero bids until I got into a group. I dont think I will get funded.. this time but I have had bids and been in touch with the group leader..
I researched and I think it it is for real. real intrest for people with bad credit. my loan is up with a 23% intrest for 3 years.. not bad not like the PDL.
so I will let you know if I get the loan


lrhall41

Submitted by Poptarts.mom on Wed, 12/06/2006 - 06:36

( Posts: 407 | Credits: )


I had a listing with them awhile back also and never got any bids. I joined a group for the second round and still never got any bids. They actually do a credit report and your credit grade is listed on your post for all to see. I believe the people who bid on your listing can actully see more of the credit report which will help them decide if they want to bid or not.


lrhall41

Submitted by PinkLady on Wed, 12/06/2006 - 07:25

( Posts: 1720 | Credits: )


I read a little bit on their site. From what I understand (correct me if I'm wrong), the people who are willing to put up the money decide what amount of interest they want. Then they go through the potential borrowers' list and, if they see any that interests them, they put a bid on it.


lrhall41

Submitted by dbaker6 on Wed, 12/06/2006 - 08:11

( Posts: 1600 | Credits: )


I have a small loan with Prosper.com. I got it early, and got a 7.5% interest rate for about $1,000. I really just wanted to try it out.

It's my impression that getting a 7.5% interest rate is nearly impossible these days. It is also my impression that a lot of the borrowers are looking to defraud homebuyers by buying foreclosed homes and flipping them.


lrhall41

Submitted by Sam Glover on Wed, 12/06/2006 - 08:37

( Posts: 161 | Credits: )


The person trying to get the loan can put on their listing the maximum interest rate they are willing to pay. It also has a maximum set depending on the state...Such as Wisconsin where I live, the maximum anybody could charge me would be 17%. The higher the interest rates you are willing ot pay the more bids you will probably get depending on your credit because the bidder will make more money. Bidders can also out bid each other by offering you a lower interest rate.


lrhall41

Submitted by PinkLady on Wed, 12/06/2006 - 08:54

( Posts: 1720 | Credits: )


Hey guys I got a loan at prosper for 2000.00 28% interest rate my choice though..my first listing did get some bids but I lowered the amount a little and I was financed in two days...I have had no troubles with them whatsover..just make sure you are honest about your debt..and be patient...I used the money to pay off my payday loans and that is why I am here now getting advice on getting refunds from the payday companies...Prosper can be something very good...just be honest about everything..I read lots of loans where people were asking for way too much and with the income they had and the bills they had i can see why some of them did not get funded..It is truely people helping people..so they want to trust you as much as they can that you will pay them back...Prosper is a Great thing in my eyes!!!


lrhall41

Submitted by v_padgett on Wed, 12/06/2006 - 13:58

( Posts: 84 | Credits: )


bad credit..not exactly but yes I was in the HR range so no it is not the best I needed a loan asap because of the payday loans I had so that is why I opted for higher interest rate and to fund immediately instead of letting people out bid each other on the interest rate..my loan was funded very fast had no problems


lrhall41

Submitted by v_padgett on Wed, 12/06/2006 - 14:17

( Posts: 84 | Credits: )


They do.. and the DTI is off because they figure in your loan amount before any bills are paid... But you can explain this to your group.. and in your request.. that is why a group is the way to go.. also pick the group with care.. the group rating i think matters.. but i guess that is just my thinking...


lrhall41

Submitted by Poptarts.mom on Wed, 12/06/2006 - 15:17

( Posts: 407 | Credits: )


I listed 3 with out a group and got 1 50.00.. I am with a group and have 8 and am 10% funded I know it is not great but better then 1 @ 50.00 less then 1%.

I am going to relist again with the group when this ends and see.. what can it hurt. But why not try a group... if you are giving up anyway try to join one. and see what happens I also know it is based on % intrest and credit scores and my score is very sad.. But not a HR.


lrhall41

Submitted by Poptarts.mom on Wed, 12/06/2006 - 16:05

( Posts: 407 | Credits: )


I had Propser's website link on my blg for about a month and even signed up with them but something doesn't feel right, you know pit of the stomach thing so i reomved the link. I will be interested to follow someones story with Prosper from the beginning, funding, repayment, acct closed scenario


lrhall41

Submitted by PDLFREE on Wed, 12/06/2006 - 16:14

( Posts: 1245 | Credits: )


Prosper is a reputed loan website. People in need of loans can trust their business. Keep in mind, you are taking a loan, it comes with a rate of interest. You pay the interests and fees along with the principal amount. In case, you default, the charges touch the sky like with any other loan companies. If you borrow, make sure that you don't extend your payments. Pay it in time and be a privileged customer. They are not like the pdl places that charges illegal interests and fees. That is why, it is often hard in their website to get approved. They consider individual credit scores before approving and your payment potential.


lrhall41

Submitted by a_neblat on Wed, 12/06/2006 - 16:23

( Posts: 407 | Credits: )


just wondering - this prosper sounds good - I did post without a group - was disappointed - now wondering if I should try and re-post with a group,
but I live in PA - and on my previous post - one of the responses was I probally would not get funded because of the PA laws - I know my credit rating is a
HR - but I think I'll give it a second chance and post with a group...
I'll keep posting here also to let anyone know how it goes for me with prosper


lrhall41

Submitted by cabyh59 on Wed, 12/06/2006 - 18:24

( Posts: 46 | Credits: )