Archive for the ‘ personal loans ’ Category

Consumers who lose their jobs can’t get loans to cover periods of unemployment; businesses that encounter trouble due to low demand can’t get credit lines to see them through to recovery. Furthermore, banks are more interested in recapitalizing than in lending. Growth in P2P lending will be driven by investors seeking higher returns and borrowers shunning (or being shunned by) banks. Gartner recommends that financial services providers investigate how to partner and collaborate in adding P2P to their existing offerings rather than building their own P2P lending networks.  Full article

Prosper Ratings

Every borrower listing on Prosper is assigned a Prosper Rating - a proprietary rating developed by Prosper that allows us to maintain consistency when assigning a rating to the listing. Continue reading Prosper Ratings: A Refresher

Today Prosper released our November 2009 performance data. Notable in November, the average credit score of funded borrowers was 718 and 54% of loans were for debt consolidation purposes.

Continue reading Prosper Sees Spike in Borrowers Seeking to Knock Out Credit Card Debt

At Prosper we strive to be on top of what is happening in the financial industry, and to share that knowledge with you. Today we are highlighting an eye opening and moving PBS Frontline piece investigating the consumer loan industry and what’s ahead for all of us as consumers as well as banks.

Check out The Card Game

Continue reading Prosper recommendation: The Card Game

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