Archive for the ‘ Prosper News ’ Category

Please nominate Prosper as the Best Overall Startup at the Crunchies Awards!  Continue reading Nominate Prosper as Best Overall Startup at the Crunchies Awards!

Prosper News Updates:

November 11, 2009
Fast Company: Peer-to-Peer Lending Explained: Brother, Can You Spare $100? By Lydia Dishman

Continue reading Prosper’s Media Roundup – 11/17/2009

Effective today, Prosper welcomes back Kansas Borrowers – we are now open for business for again. Continue reading Kansas now is open to Borrowers!

Before discussing the results of the test, let’s review what we were testing. In November 2007, 74 loans that would have been included in the December Debt Sale were selected for a test of applying a legal collections strategy. These loans had an outstanding principal balance of approximately $705,000. They were placed at Hunt & Henriques, a prominent California debt collection law firm.

Once placed with the firm, these accounts were sent a “demand letter” stating that the balance would be accelerated in 30 days if an acceptable payment arrangement was not negotiated.  Continue reading The Results From the Legal Collections Test

Starting today new lenders will receive a $50 sign-up bonus to use for their first two bids on Prosper loan listings. This promotion will last until 1,000 new lenders have signed up and received their $50 bonus.

Prosper lenders have been experiencing positive returns from investing in Continue reading $50 Sign-Up Bonus for New Lenders!