Comments on: Prosper Readies for Relaunch http://www.p2plendingnews.com/2009/04/prosper-readies-for-relaunch/ Staying on top of the person to person lending revolution Sun, 02 May 2010 02:24:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Investar http://www.p2plendingnews.com/2009/04/prosper-readies-for-relaunch/comment-page-1/#comment-141 Investar Sun, 26 Apr 2009 11:26:36 +0000 http://www.p2plendingnews.com/?p=188#comment-141 Footnote Information in "Prosper 50 State Progress" (linked in previous comment) shows the 70k income limit, and other limits, are a 'state thing' not imposed by the SEC. While LendingClub threw a net worth blanket on everyone's fire, Prosper is attempting to satisfy 'prickly state' regulators on a state by state basis. The study shows just four states demanding special treatment at the time <a href="http://www.p2plendingnews.com/2009/04/prosper-files-s1-sec-third-amendment/" rel="nofollow">Prosper filed their Amended SEC Registration</a>. Check the study to see where you potentially stand. Footnote Information in “Prosper 50 State Progress” (linked in previous comment) shows the 70k income limit, and other limits, are a ’state thing’ not imposed by the SEC. While LendingClub threw a net worth blanket on everyone’s fire, Prosper is attempting to satisfy ‘prickly state’ regulators on a state by state basis. The study shows just four states demanding special treatment at the time Prosper filed their Amended SEC Registration. Check the study to see where you potentially stand.

]]> By: dave http://www.p2plendingnews.com/2009/04/prosper-readies-for-relaunch/comment-page-1/#comment-140 dave Sun, 26 Apr 2009 02:38:02 +0000 http://www.p2plendingnews.com/?p=188#comment-140 I'm thrilled... Well... Cautiously Optimistic, I guess. I am concerned that the SEC is going to throw me to the wolves. Lending Club has been closed to me - I don't earn 70k+ per year (At least not for another year or so) and I don't have a net worth of 70k. So, I'm stuck watching other people earn easy money giving loans to people like me, but I can't get involved as a lender/investor because of some arbitrary rule allegedly set by the SEC. Now it seems that Prosper may be forced to do the same thing. What the hell is that?!? I'm allowed to blow my entire paycheck on lottery cards, but I can't take the risk on a couple tiny, prudent investments every month? I’m thrilled… Well… Cautiously Optimistic, I guess.

I am concerned that the SEC is going to throw me to the wolves. Lending Club has been closed to me – I don’t earn 70k+ per year (At least not for another year or so) and I don’t have a net worth of 70k. So, I’m stuck watching other people earn easy money giving loans to people like me, but I can’t get involved as a lender/investor because of some arbitrary rule allegedly set by the SEC.

Now it seems that Prosper may be forced to do the same thing. What the hell is that?!? I’m allowed to blow my entire paycheck on lottery cards, but I can’t take the risk on a couple tiny, prudent investments every month?

]]> By: Investar http://www.p2plendingnews.com/2009/04/prosper-readies-for-relaunch/comment-page-1/#comment-138 Investar Sat, 25 Apr 2009 17:56:48 +0000 http://www.p2plendingnews.com/?p=188#comment-138 I'm especially heartened to find the authoritative "P2P Lending News" on board with those who anticipate Prosper's re-launch! Persons who enjoy minutiae resulting in semi-informed speculation on the future course of Prosper Marketplace might enjoy these special studies taking place on SCP Prosper Investing and Finance Forum: <a href="http://forums.go4reward.com/the-prosper-marketplace/the-prosper-'quiet'-diary-millstones-and-milestones/" rel="nofollow">The Prosper 'Quiet' Diary - millstones and milestones</a> <a href="http://forums.go4reward.com/the-prosper-marketplace/prosper-50-state-progress-blue-sky-lend-trade-borrow/" rel="nofollow">Prosper 50 State Progress - Blue Sky - Lend Trade Borrow</a> I’m especially heartened to find the authoritative “P2P Lending News” on board with those who anticipate Prosper’s re-launch! Persons who enjoy minutiae resulting in semi-informed speculation on the future course of Prosper Marketplace might enjoy these special studies taking place on SCP Prosper Investing and Finance Forum:

The Prosper ‘Quiet’ Diary – millstones and milestones

Prosper 50 State Progress – Blue Sky – Lend Trade Borrow

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