Archive for July, 2009

CBS Early Show
Five Ways to Get Money Fast
July 27, 2009
People don’t want to go to big banks. They are unresponsive to their needs, so they are looking for creative ways to get the money. It’s a blooming business. Continue reading Prosper’s Media Roundup - 7/31/2009

We have redesigned the My Account Investing Summary page to provide more information about a Lender’s activity on Prosper. The new page is divided into five main sections: Continue reading What’s New On Prosper: My Account Investing Summary

Prosper is now open to Maine lenders effective July 30th, 2009. We are pleased to inform our lenders in Maine that we have received state clearance and are now effective for business. We already have hundreds of lenders and borrowers participating in the first auction based peer-to-peer loans platform Continue reading Prosper Welcomes Maine Lenders

The current financial crisis has put enormous stress on our economy and unfortunately everyone in the consumer lending business, including Prosper lenders, are feeling the effects. Although credit losses are always unwelcome, they are an unavoidable fact of consumer lending and only represent half of the return equation. Continue reading Why Prosper’s Auction Model Was Worth The Wait

Collections.  A subject close to everybody’s heart. Over the next two or three weeks, I intend to publish a number of posts discussing various aspects of collections – the status of the legal test and evolving legal strategy; debt sales and collections on charge-off accounts; additional plans for collections strategy and reporting. Continue reading Collections Series - Part 1