Prosper Lending Review

15
Prosper Lending

description

Prosper Lending offers peer-to-peer lending services that allow individuals to loan money to other individuals. It's a very interesting alternative to normal banks. Prosper's main focus isn't on consolidation loans, but we still feel they may be worth looking into for some individuals. If you're the type that needs more specific guidance, then you may want to visit BestDebtCompanys.com and look at some of the other top rate companies. Interested in learning more? Click the link on the last slide of the presentation above.

Transcript of Prosper Lending Review

Page 1: Prosper Lending Review

Prosper Lending!

Page 2: Prosper Lending Review

Who Are They?!!According to their company website,

“Prosper is America’s first peer-to-peer lending marketplace.” The company is set up to allow people to invest in one another with borrowers listing loan requests up to $35,000 and individual lenders investing in each loan listing they choose. Lenders will consider a list of qualifications of each borrower to decide whether or not they choose to invest. Prosper has a role in servicing the loan between the two parties. !!!

Page 3: Prosper Lending Review

What Services Do They Offer?!Personal  loans  arrangements  ranging  from  $2,000  to  $35,000.  They  set  up  the  mee;ng  place  for  borrowers  and  lenders  to  meet  each  other  and  make  arrangements.      Our  review  on  BestDebtCompanys.com  refers  mostly  to  the  loan  consolida;on  services.  

Page 4: Prosper Lending Review

How Does It Work?!It  starts  with  borrowers  choosing  a  loan  amount  that  they  hope  to  receive  as  well  as  a  purpose  for  the  loan  and  a  loan  lis;ng.      Investors  then  review  the  loan  lis;ngs  and  choose  those  that  meet  their  par;cular  criteria  for  funding.      Once  an  agreement  has  been  met,  the  borrowers  make  the  fixed  monthly  payments  and  the  investors  receive  their  por;on  through  their  Prosper  account.    

Page 5: Prosper Lending Review

Debt Education!

The  website  has  a  lot  of  informa;on  on  debt  in  regards  to  loans;  how  to  consolidate  high  interest  rate  loans  and  save,  how  to  plan  for  an  auto  loan  without  going  too  far  in  debt,  etc.    

Page 6: Prosper Lending Review

How Do They Rate With The BBB?!Prosper  has  been  a  BeJer  Business  Bureau  accredited  business  since  late  2012.  They  meet  all  the  requirements  to  be  listed  in  good  standing  and  hold  an  A+  ra;ng  with  the  BBB.  They  have  received  numerous  complaints  within  the  last  few  years,  but  most  of  those  complaints  have  since  been  resolved.    

Page 7: Prosper Lending Review

What Do Their Services Cost?!

Fees  and  rates  will  range  depending  on  a  number  of  factors  such  as:    •  The  Loan  Term  •  The  Economic  Environment  •  The  Compe;;ve  Environment    Generally  interest  rates  will  range  between  6.73  and  35.36%    

Page 8: Prosper Lending Review

Additional Resources!

Prosper    provides  trade  notes,  quick  inves;ng  ;ps,  marketplace  performance  data  and  more  on  their  website  as  a  resource.    

Page 9: Prosper Lending Review

Blog!

Prosper  Lending  hosts  a  blog  on  their  website  with  topics  such  as  “What  Are  My  Op;ons  for  Fixing  My  Debt?”,  “Baby  and  Adop;on  Loans”,  etc.  They  also  showcase  lots  of  insigh\ul  infographics  and  success  stories  of  those  who  were  able  to  get  loans  their  services  where  they’d  had  trouble  doing  so  anywhere  else.    

Page 10: Prosper Lending Review

What Makes This Company Stand Out?!

Instead  of  seeking  the  approval  of  standard  lending  services,  borrowers  can  appeal  to  individual  lenders  who  may  be  just  regular  people  looking  for  a  good  investment  opportunity  and  a  way  to  help  someone  else  at  the  same  ;me.    

Page 11: Prosper Lending Review

Do They Maintain A Social Media Presence?!

Prosper  has  a  very  strong  social  media  presence.  They  are  par;cularly  popular  on  Facebook  where  over  26,000  people  “Like”  the  page  and  follow  the  daily  comments.      12,000  people  also  follow  them  on  TwiJer.        

Page 12: Prosper Lending Review

What Does BDC Think of This Company?!

Their  current  score  is  a  6.8  out  of  10  for  their  unique  approach  to  solving  debt  issues  and  finding  financial  freedom  through  loans  and  inves;ng  opportuni;es.  They  do  have  some  strict  guidelines  for  being  approved,  such  as  a  credit  score  of  at  least  640  which  many  people  struggling  with  debt  might  not  be  able  to  currently  provide.    

Page 13: Prosper Lending Review

Potential Negatives!The  company’s  main  focus  isn’t  about  helping  others  consolidate  their  debts.  Their  focus  is  on  loans  and  inves;ng  which  can  be  a  great  tool  for  growing  wealth  and  geang  funds  when  needed,  but  for  those  who  have  already  struggled  with  paying  for  loans  in  the  past,  they  may  want  to  look  for  a  service  that  will  help  guide  them  through  the  debt  consolida;on  process.    

Page 14: Prosper Lending Review

Learn More!Learn  more  about  Prosper  and  other  similar  companies  on  the  BDC  website  by  following  the  link  below:    hJp://bestdebtcompanys.com/company/prosper-­‐review/  

Page 15: Prosper Lending Review

           Learn  More