About Us  > Blog

Faith in Fellow Humans — My Thoughts On Prosper

by Prosper on 01/5/08

2 Evening Guest Posts by Prosper Members…

Faith in Fellow Humans?

By Kesselschlacht

I came to Prosper after reading an article about this strange concept of borrowing from and lending to people … not banks. After a little more research I decided to jump into it feet first with a whopping $50.00 to be lent to anyone who needed it. Well, anyone with an “A” or better rating.

Then, I read the story of a “B” borrower that struck home – sounds like me many years ago. I remembered that I needed just a little help and got it… it changed my life and made my belief in the human spirit stronger.

Today I am still lending on Prosper – sometimes only $50.00 and sometimes a little more – but I am still here.  So are the many borrowers and lenders who count on Prosper to continue to “prosper.”

I watch many borrowers who consistently pay on time – my thanks to them. I am also watching my first borrower whose loan is now in collections – and wonder what happened to this “AA” borrower.  Life plays tricks on us sometimes, but it is up to us to make life what we want it to be.

In any case – I will stick with this plan as long as I find it of value to me and the many others counting on the combined community. Thank you Prosper for letting me become a part of this great family. In a way this is my limited approach of giving just a little bit back to my brothers and sisters out there.

My Thoughts On Prosper

By Tom

I think Prosper is such a great way for people that are stuck with the Pay Day loans to get help and stop the cycle they are caught in! Even those high Interest credit cards can be worked down by a Prosper loan if the borrower is careful NOT to run the credit cards back up. The important thing for the lenders to do IS cut the cards up once they pay off the cards with their new loan BUT don’t close the account! By having used credit that will help your credit score! UNUSED credit is a very good thing to have. I have started a group that will be open to everyone once Prosper allows it and I hope my first loans are good ones. Well good luck to all here!

Leave a Comment

Prosper moderates all comments and will approve those that are directly relevant to the post. We do not publish comments that are spam, are offensive or appear to pass you off as another person.

(required) Email will not be published.

Comment Policy


To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

2 Responses

Erika | August 10th, 2012 at 10:17 pm

I just want to say thanks to Prosper for making savings fun. I love helping others out and also watching my savings grow. Bank interest rates and CDs just aren’t worth it. And I know where to go when I need a loan.


posted in Borrowers,Lenders 2 comments »

Connect with us



Prosper Introduces Debt Sale Program

By Prosper on 07/21/15   [ 0 ]

By Eric Thaller As part of our ongoing efforts to improve the investor experience on the Prosper platform, we are making changes to the way we deal with charged-off loans.  On July 17th, Prosper introduced a debt sale recovery strategy aimed at delivering an increased level of return for investors in a more timely manner. [...]

Read More

Prosper Opens for Business to Investors in Indiana

By Prosper on 07/13/15   [ 2 ]

Posted By Eric Thaller Today we announced that the Prosper platform is now available to investors in Indiana. With the addition of Indiana, Prosper is now open to investors in 32 states and the District of Columbia. We appreciate the work of the state regulators to bring this investment opportunity to its residents. As one [...]

Read More

Prosper Reaches New Milestones — $4 Billion in Loans Following Another Record Quarter

By Prosper on 07/9/15   [ 0 ]

Prosper Marketplace Reaches New Milestones — $4 Billion in Loans Following Another Record Quarter

Read More

« Older Entries

Monthly Archive

Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.