Archive for the ‘ Lend To Others ’ Category

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 can repo/foreclose on the secured asset. On an unsecured loan, the borrower has already received the funds – so there is no loss of utility when they stop paying.

One way Prosper has been successful incenting distressed borrowers to pay is by Continue reading Collections – Hardship Arrangement are Benefiting Lenders

We are pleased to announce a $100 Thank You Reward for every new Borrower you refer to Prosper.  The borrower simply has to apply, become fully funded and make the first payment on the loan. $100 will be deposited directly into your Prosper account for every approved Borrower you refer. Continue reading Refer a friend to Prosper and earn $100

We are thrilled with the results from Prosper’s first two months of operations since re-launch. Lenders are really capitalizing on Prosper’s best in class rating system and auction pricing model. Continue reading Prosper Lenders Are Doing A Great Job Pricing!

On September 15th, Fed Chairman Ben Bernanke uttered the words we’ve all been waiting for months and months (if not years) to hear. He said, “From a technical perspective, the recession is very likely over at this point.” Music to my ears! Continue reading Adios, Recession - Now let the spending and lending begin!

Overseeing Operations in a start-up environment is a delicate balancing act. There is a constant tradeoff between quality and the necessarily thin staffing levels of a startup. Looking at a front office operations area, customer service is an example of this dilemma. Inbound call volume can be Continue reading Renewed Customer Focus