Archive for August, 2009

Prosper is pleased to inform our Lenders in Rhode Island and Virginia that we have received state clearances and are now effective for business. Continue reading Prosper now open to Rhode Island and Virginia Lenders

Prosper is pleased to inform our Lenders in Lousiana and Missouri that we have received state clearances 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 and welcome our members in Louisiana and Missouri. Continue reading Prosper Welcomes Louisiana and Missouri Lenders

Congratulations to the 20 winners of our Prosper August 2009 Sweepstakes. Thank you all who participated and made this contest a success.

Continue reading “Follow @prosperloans” Sweepstakes Winners

One of the early trends we are seeing in the marketplace since re-launch is a dramatic improvement in the quality of listings.

• The average credit score of listings on the site improved from 584 in early October 2008 to 711 in the first two weeks since re-launch. Continue reading Quality Loan Listings On Prosper.com

There are all sorts of people looking for loans on Prosper these days. Many want to pay down their debt. In fact US households are paying down debt for the first time since 1952 according to the Federal Reserve. This is the fifth month consumers have paid down their credit cards and cut other debt as they try to balance their battered retirement funds and other savings. Continue reading All sorts of people looking for loans on Prosper.com