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Encountered a problem with Prosper website

Date: Wed, 10/10/2007 - 09:41

Submitted by Dsquared
on Wed, 10/10/2007 - 09:41

Posts: 14 Credits: [Donate]

Total Replies: 4


Well i tried to create a listing on the Prosper website and they are telling me they do not have a license to loan consumer loans at this time. HAs anyone else encountered this problem?


That is strange. I'm like Tiffany, in that I thought that people placed bids to led money to the applicant. I do know that each state has a regulation on how much interest the applican can be charged. Maybe NC is a severely rate-capped state. They may not have had great success in lending to residents of that state, as I think the bidders tend to make more offers to those who can be charged more interest. It makes sense, as they would want to get a greater return on their money.


lrhall41

Submitted by eleroo on Wed, 10/10/2007 - 14:45

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