Does anyone on myLot do peer-to-peer lending/microloans/Prosper.com?

United States
February 28, 2007 12:34pm CST
I have lent money three times on Prosper. I was wondering if there are any other lenders here. I am also aware of several other sites with similar concepts as Prosper. A caveat if you see this and weren't involved but want to be: it's risky if you don't know what you are doing. If you lend only to people who care about their credit (as opposed to people who don't), that's a much better situation.
1 person likes this
2 responses
scrubradio
@scrubradio (182)
• United States
1 Mar 07
I love my Prosper account. I have lent out $450 or so and am earning 19.78% interest on average. All of my loans are current. I have been studying the site for 9 months and have developed a strategy that will allow me to earn a minimum 12% ROI after defaults. Be sure to check out lendingstats.com. I looked at your portfolio and the HR you have looks pretty scary, but I see they made their february payment. Good luck to you!
dancia2007
@dancia2007 (551)
• United States
1 Mar 07
Great to hear from another Prosper lender! Thanks for responding. It's nice to hear of your success and your studying it deeply. I would be interested in learning anything from you that would help me to be better at it. Three other people in my life are interested in my helping them learn how to do it. I did the HR on purpose, because I thought she deserved a chance because of her positive attitude to fix the situation. But I have to do good weighting with solid situations to achieve the best stability and ROI. Thanks for lendingstats, that is one amazing site!! I spent quite some time there.
adobeman
@adobeman (212)
•
28 Feb 07
oh my god thank you so much for this site this is just what i am was looking for. Thank you
dancia2007
@dancia2007 (551)
• United States
1 Mar 07
Check my profile for my Helium article on peer to peer lending. This gives what I know so far, and the similar lending sites. Tip: I saw what number your star is, and if you want to earn more on myLot, your star must have a higher rating. There are discussion on here about that, and also, if all the posts you write are short it affects your rating.