Guys,
I have recently become obsessed with this website. Has anyone seen this http://www.prosper.com.
From a borrowers standpoint there are a couple of things that make Prosper unique.
- First of all, all loans are amoratized and can be paid off early with absolutely no penalty.
- The terms of the loan are straight forward. You can even pick the terms you want, it is up to other lenders to decide if they like your terms and are willing to fund your loan.
- The loan is unsecured, rates are typically competitive compared to other unsecured loans.
- The loan process is relatively quick and easy.
- You are dealing with individuals versus corporate banks, this will allow you to appeal to individuals emotions in order to get your loan.
- If you have bad credit or no credit you have an equal opportunity of getting your loan. Anyone can get a loan!
- You can borrow up to $25,000 at any one time, and you will have up to 3 years to repay the loan.
- You can borrow as part of a group and get better rates versus just borrowing on your own.
I am just impressed with this whole concept. What a great business model for Propsper.com. What a great way for people to help people in need.
I have recently become obsessed with this website. Has anyone seen this http://www.prosper.com.
From a borrowers standpoint there are a couple of things that make Prosper unique.
- First of all, all loans are amoratized and can be paid off early with absolutely no penalty.
- The terms of the loan are straight forward. You can even pick the terms you want, it is up to other lenders to decide if they like your terms and are willing to fund your loan.
- The loan is unsecured, rates are typically competitive compared to other unsecured loans.
- The loan process is relatively quick and easy.
- You are dealing with individuals versus corporate banks, this will allow you to appeal to individuals emotions in order to get your loan.
- If you have bad credit or no credit you have an equal opportunity of getting your loan. Anyone can get a loan!
- You can borrow up to $25,000 at any one time, and you will have up to 3 years to repay the loan.
- You can borrow as part of a group and get better rates versus just borrowing on your own.
I am just impressed with this whole concept. What a great business model for Propsper.com. What a great way for people to help people in need.