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Has anyone used Prosper.com to lend money?
Posted on 4/11/18 at 4:36 pm
Posted on 4/11/18 at 4:36 pm
What was your experience like? Yield?
It seems like a great platform for people from all walks of life - no real minimum on how much you can P2P lend.
It seems like a great platform for people from all walks of life - no real minimum on how much you can P2P lend.
Posted on 4/11/18 at 7:45 pm to Sev09
You are aware the big Wall Street banks are also making loans on sites like Prosper now? You're competing against the big boys, which definitely hurts your risk/reward ratio.
Posted on 4/11/18 at 7:57 pm to Sev09
I played around with Lending Club for a couple of years (same concept)...
Not impressed at all with the performance and no longer actively contributing. Probably earned under 2% overall and had I not sold some notes on the secondary market (Folio), I'd probably been in the RED!
Not impressed at all with the performance and no longer actively contributing. Probably earned under 2% overall and had I not sold some notes on the secondary market (Folio), I'd probably been in the RED!
Posted on 4/11/18 at 10:48 pm to Sev09
Ive used it off and on since 2007 but recently stopped investing after getting inaccurate information on my rate of return. I mainly messed around with it because I liked the idea behind it.
Posted on 4/27/18 at 6:34 pm to Moots
Somewhat off topic (nothing to do with Prosper), but I thought some may be interested in what's happened to Lending Club recently. I almost got involved in doing some lending there and thought about buying the stock awhile back. Thankfully I did neither.
Lending Club Tumbles on FTC Accusations
Lending Club Tumbles on FTC Accusations
Posted on 4/29/18 at 10:52 am to foshizzle
Guys at my work are doing it and they seem happy overall. They all started early overall and they are only doing smaller loans.
Posted on 4/29/18 at 7:51 pm to Sev09
I did before they revamped. Bad experience.
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