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Prosper.com - has anybody tried it?

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Old 01-09-2007, 08:58 PM
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Default Prosper.com - has anybody tried it?
Right now on prosper.com, I'm loaning out $100 at 15% interest just to simply try it. After about three months I haven't had any problems, and I hope it stays this way. What do you guys think? I'm thinking of investing more money and being careful of what listings to bid on.

Link - Prosper.com
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Old 01-09-2007, 10:51 PM
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Oh my. I can think of much better ways to make a buck other than issuing high risk loans to people you don't know.
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Old 01-10-2007, 10:57 AM
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very interesting...
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Old 01-10-2007, 03:09 PM
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Originally Posted by cthree,Jan 9 2007, 11:51 PM
Oh my. I can think of much better ways to make a buck other than issuing high risk loans to people you don't know.
please explain these options
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Old 01-10-2007, 03:15 PM
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There was a nice write up about this site in Inc. or Entrepreneur I believe very recently
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Old 01-10-2007, 06:03 PM
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Originally Posted by SD_S2K,Jan 10 2007, 07:09 PM
please explain these options
stocks, bonds, funds, real estate, selling crack on the corner
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Old 01-14-2007, 02:58 PM
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This service sounds pretty fishy....
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Old 01-15-2007, 11:09 AM
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A good idea is to invest in small increments just to be safe, assuming the transaction costs are not significant.
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Old 01-15-2007, 12:31 PM
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It's legit, but I'm chicken on trying it out.... the min. you can invest per loan is $50, so the way to do is to diversify say a grand into 20 different loans to spread the risk.

The guy that started this started E-LOAN. It's actually a pretty ingenious idea.
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Old 01-15-2007, 12:50 PM
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Originally Posted by QUIKAG,Jan 15 2007, 01:31 PM

The guy that started this started E-LOAN. It's actually a pretty ingenious idea.
Like I said earlier in post, there was a decent write up on this in INC. magazine, so I am sure it is pretty legit.

CTHREE may not feel like agreeing, since he pushes mutual funds and stocks and canadian things....

but worth a try if you want a different investment. I am curious to see long term feedback from s2ki members....
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