Comments on: Is Lending Money on Prosper.com Competitive With Other Investments?

By: Matt

Matt — Fri, 11 Jul 2008 16:19:25 +0000

I think 9% on prosper is competative for a 5 year savings window. I think, even after taxes, you would be hard pressed to find a mutual fund that returned 9% with a similar risk profile as prosper. I think the default rate is more predictable than the market risk you would assume with a mutual fund that returned near 9% on average.

By: PeerLend.com

PeerLend.com — Thu, 03 Jan 2008 09:07:01 +0000

In addition to Prosper, there are several other players coming online in this space.

LendingClub.com recently opened to the public (previously a FaceBook-only app). Zopa.com, who ran the first UK P2P lending model, launched a US version recently, though it’s not quite what anyone expected (offers lenders CDs with guaranteed returns, and uses the deposited funds to make online loans), and Loanio.com is scheduled to launch sometime this month (Jan. ‘08).

Side-by-side comparison charts, info, etc, at: PeerLend: Peer to Peer Lending & Loans

By: Prospers.org

Prospers.org — Wed, 05 Dec 2007 17:06:15 +0000

Check out the unofficial forums for an eye opening view and frank discussions.

Prosper.org/forum

By: Mrs. Micah: Finance and Life / Why I Have a New Prosper Ad

Mrs. Micah: Finance and Life / Why I Have a New Prosper Ad — Sat, 24 Nov 2007 04:32:37 +0000

[...] Consumer News looked at why Prosper isn’t necessarily better than a good index fund but has a better return than your average savings account (even the good [...]

By: Prosper.com - Good or Evil? | Credit Withdrawal

Prosper.com - Good or Evil? | Credit Withdrawal — Sun, 11 Nov 2007 01:07:24 +0000

[...] interesting article on American Consumer News ("Is Lending Money on Prosper.com Competitive With Other Investments?") got me thinking about Prosper.com and their business [...]