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Prosper Weekly Roundup

09/12/08 posted by RateLadder    

Weekly Roundup - FinancesProsper roundup gets switched around! Easy to read categories are going to be our new way of organizing the roundup.

Categories may change from week to week, but overall the feel of the roundup will be the same.

Business Loans:
• SFGate posts an article this last Sunday on how right now it’s a hard time to get new credit. Article discusses housing loans in depth and briefly touches business and personal.
• Commercial Loans Source lists types of commercial loans and provides a succinct overview for beginners.

Mortgage Loans:
• Business Week says subprime mortgages–good luck getting one!
• The Consumerist blogs 12 confessions of a home mortgage collector is an article containing insider knowledge of the system and could help you out.

Student Loans:
• TheState.com writes this article, student loan availability squeezed, which explains how the nationwide credit crunch is affecting higher education.
• Continuing this point of view is Guampdn.com in student loan options shrinking and offers some excellent advice for those worried about paying this semester’s tuition.
• Check out 25 tips, ideas, resources for paying back student loans at Broke College Grad is a consolidated collection of blog articles for paying student loans in a variety of ways.

Small Business Entrepreneur:
Tips for small business startup by Wealth, Success, and Women is a nice little starter post. What tips would you add?
• These 7 lies that prevent Your Great Idea from becoming a Real Business by Internet Redux might sound like commonsense, but in reality more people than you know believe in them and never try.

P2P Lending:
• Money Crashers writes a scathing review in Richard Branson Makes It Easier To Borrow Money From Your Family. What are your thoughts on loaning money to friends and family?

Prosper Gets Mentioned:
• The Wall Street Journal Small Business Site lists Prosper in Four Sources of Alternative Funds
• At the Active Rain real estate blog Prosper Marketplace is written as an example of alternative funding a down payment for a mortgage extension.
• At Site Point in 5 ways to fund your web startup for online business funding.
• NBC Action News aired a segment on Peer-to-Peer Lending
• KGBT4 features Prosper in their Show Me the Money Segment: Personal Loans
• Barron’s article feature Web Lenders See Opportunity in Bank’s Woes
More Prime Borrowers at Prosper Site in American banker (subscription required)

Photo Credits: 1

RateLadder is a Prosper lender and has been since July, 2006. He has a passion for p2p lending. He owns RateLadder — My Prosper.com Journey and other P2P Lending Adventures, P2P No Bank the P2P Blog Aggregate, and ProProsper — Professional Tools for Prosper Lenders featuring SQL access to Prosper data.


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Posted in Affordable education, Borrowers, Business Development, College, Financial, Lend To Others, Lenders, Misc, Personal Finance Education, Prosper, Prosper News, Roundups, p2p lending, peer-to-peer lending, personal loans, student loans

 

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Lenders

Prosper’s Media Roundup – 11/17/2009

By Prosper Blog on 11/17/09   [ ]

Prosper News Updates:
November 11, 2009
Fast Company: Peer-to-Peer Lending Explained: Brother, Can You Spare $100? By Lydia Dishman

November 11, 2009
Gerson Lehrman Group: The 5Cs of Credit, P2P Lending, Social Lending, Self-Directed Lending By Ronald Ingram
October 22, 2009:
NetBanker: Peer-to-Peer Marketplaces Join Forces to Influence Lawmakers with the “Coalition for New Credit Models By Jim Bruene
October 21, 2009:
American [...]

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The Results From the Legal Collections Test

By Doug Fuller on 11/3/09   [ ]

Before discussing the results of the test, let’s review what we were testing. In November 2007, 74 loans that would have been included in the December Debt Sale were selected for a test of applying a legal collections strategy. These loans had an outstanding principal balance of approximately $705,000. They were placed at Hunt & Henriques, a prominent [...]

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Collections – Hardship Arrangement are Benefiting Lenders

By Doug Fuller on 11/2/09   [ ]

One of the key challenges in collecting on unsecured installment loans is providing the borrower an incentive to continue to making payments when they come under financial distress. If you don’t make a payment  on a credit card you can’t keep charging on it. In the case of a house or a vehicle loan, the lender [...]

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