I am wondering if anyone here has had any success getting a loan through Prosper.com? If so were you in a group or did you go it alone?
while attempting to work with Prosper Months ago, all i got was Lipp service. they complained about Everything from my poor Eyesight and my manner of Speach being a tad Differant than their`s, Oh yes:
they Also accused me of un-named felonies, simply because i couldn`t provide them with info they requested.
Before you go off in the wrong Direction, the Info they Asked of me, was a Drivers licence .
Normaly an Easy thing you say ? what if You don`t have one because You don`t drive ?
would That make it as foolish a reason for Your being kicked around as it was for Me ?
Or are things Easy, only when asked of someone Else ?
Propsper ? in name Only !   ;   ;   ;   ;
I`ve tried four times now, the first three unsuccessful and the fourth is still in progress. "They" say the site is supposed to be designed to help people who can`t normally get funded elsewhere, but it seems to me that they are just as stringent as a bank or other lending place.
They have a forum from which you can learn a whole ton--way more than you can learn on the Prosper site alone. Check it out before you even bother to list a loan request, because chances are your first efforts won`t be good enough to be successful unless you have impeccable credit already.
Also, if your state has a low rate cap and your credit isn`t so hot, it would appear that your chances of being funded are nil.
Here is a helpful link:
Thanks for the great replies. I think LisaB hit the nail on the head as far as my experiences have been so far with Prosper. My experience with groups is so so. I am not sure I feel safe with just regular people requesting some of the information they do in order to see if they want to bid on my loan. That is what is turning me off.
I did wwant to say that the forums have been helpful. So thanks again LisaB for that advice.
Thanks everyone for the input!
While I have no personal experience with Prosper - I do think the important point is that whatever your purpose for wanting to borrow -
Your message has to be compelling to get results.
From experience, we know this to be true in equity world, so Iwould expect it to apply here as well.
Right now I can`t tell you why my second listing funded. I thought, are the Prosper lenders people who want to hear a sob story? The better your story the better your chances are to get funded? I don`t know. I am truly confused.
Wow!!!!!!! I`m really surprised. I`ve spent a lot of time on the Prosper forums trying to figure out why my requests for startup costs aren`t funded and they make it PAINFULLY clear that they aren`t interested in your story. They want bottom line: high interest rate, good credit record.
Gee, maybe I should post a request for money to go to Disneyland instead of to start up my business! Then I can get my business off the ground and go to Disneyland with the money I make!