About Us  > Blog

Lending on Prosper is Exciting! & Bid or Not to Bid

by Prosper on 02/20/08

2 Guest Posts Today From Prosper Members.

Lending on Prosper is Exciting!

by vegetable_lasagna

Prosper Lender VLSure I could invest money in CD’s, mutual funds, bonds etc. But how boring is that?!?! With Prosper, I feel like I am running my own business – the bank of ME. Except, I don’t have to deal with hiring any employees, answering the phones, or doing much work.

I wake up each morning excited to see if my bids were accepted, or if that borrower who is 2 months late on his/her payment has finally caught up. I like finding money available to lend in my balance statement, so that i can find yet another loan to fund.

The educational value of Prosper is also great. I am learning a lot about my own credit and what it means to me in my life. Since I am studying loan applications all the time and creating my own ranking system, I now know what I must do to make sure I would lend to myself (which I totally would).

If I were you, I would join Prosper in a heartbeat. I tell all my friends and family about it and hopefully they will someday take my advice.

Bid or Not to Bid

by Nokmbk

Bid or not to bid? Biding low just to beat out the another lender on a $50 dollar bid? Sure why not reduce your rate of interest and diminish your average rate of return while increasing your risk. One could say it’s better for the consumer (which is true), but we are all here to prosper. It is funny to see so many lenders out bid each other for 0.01%. Granted the borrowers that write a better ads will attract lenders, but the art is looking beneath the ads. What do people really need the loan for? Are the reasons to borrower founded? Do they have a business plan or a way to stay out of debt??? The people who don’t offer a high enough rate will not be funded; they will learn; and re-list to attracted new lenders with an appetite for the higher risks that their stories with holes present.

So when bidding make sure you bid in small increments because your money is at risk once the loan is funded!!!

Good luck

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 We do not publish comments that are spam, are offensive or appear to pass you off as another person.

(required) Email will not be published.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

One Response

garmin 1490t | June 18th, 2012 at 5:40 pm

Well, I think that clears up 2 problems for me personally. How about anyone else?

posted in Lenders,Personal Finance Education 1 comment »

Connect with us



Prosper Platform Surpasses $3 Billion in Loans, Closing Out Record First Quarter

By Prosper on 03/31/15   [ 0 ]

By: Aaron Vermut Today we are very excited to announce we have officially surpassed $3 billion in personal loans issued through the Prosper platform since inception. In April 2014, we announced that we crossed the $1 billion mark. It took us eight years to reach that milestone and it was huge achievement for our company. [...]

Read More

Karate Academy Improves Student Training with New Equipment

By Prosper on 03/4/15   [ 0 ]

Posted by Bill Walker Note: This post is based on a video submitted to our $2 Billion Strong Contest. To see more videos, visit our Facebook page. Kevin Johannes, a seventh degree black belt and owner of TASK Karate Academy, borrows through Prosper Loans because it offers him the best interest rates. But, that’s not [...]

Read More

Prosper Marketplace Partnership with Western Independent Bankers Expands Credit Opportunities for Small Banks and Their Customers

By Prosper on 02/26/15   [ 0 ]

We’re excited to announce today a partnership with Western Independent Bankers — a consortium of small community banks — that will give more banks the opportunity to offer credit to their customers, and more consumers access to affordable loans. Banks are under increasing pressure to deliver attractive interest rates for all consumers, and smaller banks [...]

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.