Now that I have told you about Prosper’s personal lending and borrowing opportunities, it is probably wise to have you go to a brief review of the site. Over at Investor Geeks there is a six month analysis that includes both the good, the bad, and links for lenders on developing strategies in regards to their loans.
Here is a post on the topic at Investor Geeks:
“My risk-adjusted return at Prosper is about 10%, BTW. 80 loans currently. No defaults, had a few lates though, and several people have paid me back in full already.”
Also, you may want to visit Tired But Happy This is a personal story of someone who is writing in detail about their own experiences in using Prosper. Here’s a sample:
“My fourteen loans total $689, and return an average interest rate of 12.26%. So far, I have two borrowers make late payments.”
If you have any experience in using Prosper please send your comments this way!!!
Good Lending…
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