Archive for the ‘ peer-to-peer lending ’ Category

We are pleased to inform our community that Nigel W. Morris, Co-Founder of Capital One, has joined Prosper’s Board of Directors and his venture capital firm, QED Investors, has invested in the company.

By way of background,  Nigel Morris co-founded Capital One in the early 1990’s, and during his ten-year tenure, Capital One’s customer base grew to over 40 million, managed loans increased to more than $70 billion and the company emerged as one of the top seven issuers of MasterCard and Visa credit cards in the world.

Continue reading Prosper receives investment in company

In today’s tight business-for-sale marketplace, an owner’s willingness to finance the sale gives him an edge over the competition. But owner financing isn’t for the faint of heart. To stay on track, sellers need to follow some obvious – and some not so obvious – dos and don’ts. Continue reading Part 7 of 7: The Dos and Don’ts of Seller Financing

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

Ongoing economic challenges cannot be solved simply by fixing the traditional financial institutions, which proved to be opaque, fragile, and in some cases reckless. Navigating this ongoing financial crisis means embracing alternatives and new innovations that will make the country less dependent on Continue reading Innovative Financial Startups Band Together

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