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Recently we received an email from one of our lenders calling attention to a very odd looking loan payment transaction.  The situation involved a loan from 2007 that had gone delinquent, but had been recently cured.  On loans of that vintage, Prosper forfeited servicing fees during the time that a loan was more than 30 days delinquent.  However, on the “post cure” payments, the servicing fee was being inaccurately equated to the entire payment amount. Continue reading Lender servicing fee refunds

Prosper is partnering with personal finance bloggers Budgets Are Sexy and Well-Heeled to open a dialogue with consumers about how they are saving money - even very small amounts - and small changes they are making to help reach their financial goals. Continue reading How much can little sacrifices earn you? A lot, beginning with a cash prize…

Tell us your story and you could win $1000!! Continue reading Announcing the Prosper Talk About the Taboo Campaign and Sweepstakes!

Today Prosper released January 2010 statistics.  Notable in January was the increase in personal loans for debt consolidation purposes. Continue reading Prosper Sees Debt Consolidation Hit All Time High

As many have presumed, Prosper is in the process of raising another round of capital to continue building what is emerging as the future of consumer and small business financing. The process is going well and we have strong interest from a number of world class investors. We look forward to announcing our Series D round soon. Continue reading Prosper VC’s Bridge to Series D Fund Raise