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.

4 ...

Report Post

Posted by foshizzle

Washington DC metro

Member since Mar 2008

40599 posts

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.

1 ...

Report Post

Posted by Moots

Gonzales, LA

Member since Nov 2007

978 posts

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!

1 ...

Report Post

Posted by TimeOutdoors

Member since Sep 2014

12123 posts

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.

0 ...

Report Post

Posted by Jag_Warrior

Virginia

Member since May 2015

4112 posts

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

0 ...

Report Post

Posted by WHATDOINO

Member since Dec 2008

6509 posts

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.

0 ...

Report Post

Posted by I B Freeman

Member since Oct 2009

27843 posts