Your guide to peer to peer lending Reviews

by Peter Renton on April 15, 2010 is the oldest and largest social lending network in the United States, with close to 1 million members originating $200 million in peer to peer loans. The company has raised $43 million in venture capital and continues to rapidly expand. Borrowers can get loans for up to $25,000 and as more lenders commit to their loan, they’ll see their rate continue to decline. Meanwhile, lenders can place as little as $25 into a single note, or invest via Prosper’s automated portfolio plans. A burgeoning secondary market also enable investors to trade notes that have already been issued.

But is it right for you? Here are some prominent reviews to help you to decide:

ABC World News Tonight Examines if is Too Good to Be True

WNBC New York Shares the Story of Mabel Ivory, Who Tried to Borrow $15,000 for her Wedding via

Money Talks Looks at the Risk and Returns Lenders Can Expect from

ABC7 San Francisco Thinks Prosper is Prospering

Borrow money at

Lend money at

{ 1 comment }

Luke December 2, 2010 at 8:00 pm

Lending Club can be a great source. But it can take a while for bids to come in. Before going this direction I suggest trying for a regular loan first. If you are confused on where to start i would try. they were able to get me a 25k loan at 9.25%. It only took about a week.

Previous post:

Next post: