Prosper
Prosper Offering 2.5% Cash Back on Featured Notes This Week
Prosper.com is offering 2.5% cash back on investors that put funds into any of Prosper’s featured listings through this Friday. In an email to investors, Prosper wrote, “Just 3 days left to earn 2.5% cash back on all your Featured Listings investments!* Between Actual Seasoned Returns of 10.69%** and a great limited-time only cash back [...]
Lendio and Prosper.com Partner on Small Business Loans
Lendio, a company which sets up small business loans with a number of different financial institutions, announced that it has partnered with Prosper.com. It appears that the relationship is primarily an affiliate arrangement in which Lendio sends small business owners looking for loans to Prosper. Here’s the press release. Salt Lake City, UT and San [...]
Prosper Now Including Verification Stage on Loan Listings
Prosper.com has added a new metric to help investors decide which loans to fund. Loan listings on Prosper now include a “verification stage” which is an indication of how the borrower has gotten in the approval process. One of the issues with investing in peer-to-peer loans is that the rate of return on the individual [...]
Prosper Offering a 2% Cash Bonus on Investments in A-Loans
Prosper.com announced that it would be offering a 2% cash bonus to investors that invest in A-rated loans with balances of $10,000 or more through August 30th in an email to investors on Saturday. The move is an attempt to increase investor interest in lower risk, lower interest loans. P2P Lending investors often use advanced [...]
Prosper to Hold Investor Webinar
Prosper announced via email that it would be holding an investor’s webinar on August 18th at 11:00 AM Pacific. The webinar will focus on investment risk, asset allocation and what role peer-to-peer loans should have in one’s portfolio. Here’s the text of the invitation: Recent uncertainty and turmoil in the financial markets is causing investors [...]
Prosper.com Says Investor ROI Improving
Prosper issued a press release yesterday saying that the rates of return that investors are getting has increased from 10.4% to 10.6%. Some would question the math that Prosper is using to calculate is 10.6% figure, but there’s no doubt that Prosper investors are doing better than they used to. The company recently raised interest [...]
$25.6 Million in Loans Facilitated by U.S. Peer-to-Peer Lending Companies in June
Prosper.com and Lending Club facilitated a total of $25.6 million in loans during the month of June, marking another solid month for the peer-to-peer lending industry in the United States. Lending Club facilitated 1,835 loans between borrowers and lenders during the month of June, with a total loan volume of $20,012,025.00. Lending Club saw a [...]
Prosper.com Receives $150 Million Investment Commitment
Prosper.com, a San Francisco-based peer-to-peer lending company, has received a $150 million commitment from its first major institutional investor. The commitment to invest $150 million into Prosper.com notes was first reported by Jim Bruene of Netbanker on June 15th. Prosper CEO Christ Larsen informed Netbanker of the investment commitment by the institutional investor, which invests [...]
Prosper.com Brings Joseph Toms on as Chief Investment Officer
Prosper.com issued a press release yesterday stating that the company has brought on Joseph Toms, a veteran of Lending Club, as the company’s new Chief Investment Officer. Here’s the press release: SAN FRANCISCO, CA–(Marketwire – Jun 27, 2011) – Prosper.com, a social lending marketplace that brings together creditworthy borrowers with individual and institutional investors, today [...]
Prosper.com Announces Fresh Incentives for New Investors–Free Gadgets
Prosper.com is offering free gadgets to lenders that sign up for a new account between June 15th and June 30th, including iPod Nanos, Bose QuietComfort 15 Headphones and iPad 2s. The San Francisco-based peer-to-peer lending company is no stranger to offering bonuses to attract additional investments from lenders. The company recently offered new investors a [...]
Prosper.com Announces $17.2 Million Series E Round of Venture Capital
Prosper.com announced on Wednesday that it had received a new round of venture capital totaling $17.2 million lead by Draper Fisher Jurvetson and Crosslink Capital. Existing investors Accel Partners, CompuCredit, Omidyar Network, TomorrowVentures and Volition Capital also participated in this latest round of funding. The company announced that Draper Fisher Jurvetson founder Tim Draper will [...]
$24.1 Million in Loans Facilitated by U.S. Peer-to-Peer Lending Companies in May
Prosper.com and Lending Club, the two largest U.S. peer-to-peer lending companies, facilitated $24.1 million in loans during the month of May, marking another record month for the peer-to-peer lending industry. Lending Club facilitated 1,704 loans between borrowers and lenders during the month of May, with a total loan volume of $18,532,075. Lending Club saw a [...]
Prosper.com Reviews – Read Reviews from Prosper.com Borrowers and Lenders
If you are going to take out a loan from a peer-to-peer lending company or invest in peer-to-peer loans, you should do a lot of research about the company before finalizing your decision. You should check the company’s legal standing, financial situation and how they’re rated by organizations like the Better Business Bureau. You should [...]
Prosper and Lending Club Compete for Investor Market Share
The battle of Prosper Vs. Lending Club continues. Lending Club and Prosper have both done a great job of increasing their monthly loan volume during the last year, suggesting that there are plenty of borrowers that are looking for peer-to-peer loans to go around. However, both companies realize that they are competing with one another [...]
Investing in Peer-to-Peer Loans: The Tax Implications
If you live in the United States and invest in peer-to-peer loans via Lending Club or Prosper, there are tax implications that you should be aware of. Lending Club Taxes Lending Club will issue a 1099-OID form to investors for all Lending Club notes issued after October 24th, 2008. The calculation that Lending Club uses [...]
Prosper.com Raises Interest Rates by 1%-2% on All New Loans
Prosper.com announced on its blog on Wednesday that it would be increasing the interest rates charged to all new borrowers. Previously, borrowers with pristine credit could get loans with interest rates as low as 5.04%. Under the company’s new rate structure, that will increase to 6.04%. Borrowers with lower credit scores will see less of [...]
Prosper to End Automated Investing Plans in June
Prosper.com revealed that they plan on eliminating their automated plan system by the end of June in a recent filing with the SEC. The disclosure in their 10K form states that they plan on replacing the automated bid system with a new loan search tool that allows lenders to find loans based on criteria that [...]
$22.5 Million in Loans Facilitated by U.S. Peer to Peer Lending Companies in April
The two largest U.S. peer to peer lending companies, Lending Club and Prosper, facilitated $22.5 million in loans during the month of April, marking a record month for the peer to peer lending industry. Lending Club lead the way by issuing 1,563 loans during the month, totaling $17,520,000. Prosper issued just over $5 million in [...]
Record Growth At Prosper.com In First Quarter
Prosper.com released the peer-to-peer lending results for the first quarter of 2011 showing that the number of loans funded through the company increased 38% compared with the number of loans funded in the fourth quarter of 2010. These figures represent the best gains for the company since their re-launch in July of 2009. March month-over-month [...]
$104.00 Prosper Bonus Offer Lasts 53 Minutes
Prosper.com, a San Francisco-based peer-to-peer lending company, offered a $104 bonus to the first two hundred new lenders that registered on its website after 12:00 PM PDT on Wednesday. The company had 200 new lenders register within the first fifty-three minutes of the offer, ending the promotion less than an hour after it began. The [...]
Looks like he includes a section on the Trading Platform, which is foliofn.
Module 3 – Maximizing ROI
Part 1 – ...
How about making one of these to explain foliofn?? I saw your posting about it but it is super confusing. ...
Please explain your last paragraph. If I invest 1000 dollars, why shouldn't I invest in 40 different loans? Isn't that ...