Prosper P2P: $50 For New Lenders + Up to 2% Rebate Bonus
Prosper.com was the first big name in the person-to-person lending space. Things have been quiet recently, as they took a while getting SEC approval for their investment notes. In addition, the problems with “old” Prosper included the fact that they let just about anyone apply for a loan in the beginning, including people with horrible credit who had been basically turned down everywhere else. Many lenders thought charging a 35% interest rate was enough - it wasn’t. But as this recent Washington Post article outlines, things are picking up in the P2P space.
The way I see it, LendingClub (review, $25 bonus, performance update) basically looked at all the problems that Prosper ...
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Categories: Money Tags: Bonus, Interest Rate, Lenders, P2p, Person To Person, Washington Post