Time names Prosper one of 50 Best Websites 2007.

Prosper is a community of lenders and borrowers—or social lending network—operates outside of any bank, so the rates are better. Post a request for a loan, including desired amount and the maximum interest rate you’d be willing to pay; potential lenders place bids for the amount they are willing to lend, and at what rate. Prosper combines the best offers and puts together a loan plan (multiple lenders, lower risk) and manages the repayment over three years (the standard term). The site also does credit checks, and charges transaction fees and servicing fees.

You can give each site a rating… So far Prosper’s rating is 91 out of 100.  Which is currently tied for 3rd…

Here is a the user poll.

Related Posts

• November Prosper Marketplace Survey Released Prosper released the November marketplace survey and coresponding comentary from Chris Larsen... I particularly like the insight in the last paragraph... Of great interest is the anecdotal evidence of prime and near prime borrowers turning to Prosper for loans that would have historically been steered toward mortgage, auto, and home......
• Prosper.com Loan Listing Rates That WILL Get your Loan FUNDED A legitimate borrower at Prosper should have 1 main objective -- get the loan fully funded.  Granted there are other objectives (like getting the best interest rate), but none are as important as getting 100% funded.  Without being 100% funded you will not get the loan. Prosper.com can be used to......
• Prime Borrowing on Prosper Hits Record Levels -- Febuary Marketplace Survey SAN FRANCISCO--(BUSINESS WIRE)--March 11, 2008--Spurred by the credit crunch, attractive rates, and lender demand for conservative assets, Prosper (www.prosper.com), America's largest people-to-people lending marketplace with over 600,000 members and $120 million in funded loans, reported that the number of prime borrowers (720+ credit scores) creating listings and obtaining loans continues......
• New Loan Funded — Purchasing rental equipment in my hardware store — $20,000 at 24% — C Credit — DTI 29% A new loan funded (Purchasing rental equipment in my hardware store — $20,000 at 24%).  I participated via a manual bid, this was an auto funding loan.   The borrow had C credit and 29% DTI.  As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10......
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• Home Owners Getting Shafted With Nightmare Loans Here's a must read article from BusinessWeek on Nightmare Loans. Jennifer and Eric Hinz of Somerset, Wis., are feeling the squeeze. They refinanced out of a 5.25% fixed-rate, 30-year loan in June, 2005, and into an option ARM with a 1% teaser rate from Indymac Bank. The $1,483 payment for......
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• Comparing fixed-rate and adjustable-rate mortgages The majority of Americans are homeowners, and many of them carry mortgages for much of their adult lives, if not all of it.  A mortgage is a loan that has a house as collateral, and it's usually the biggest loan a family will take out. In this post, I'll describe......
• The WealthBoy Strict ROI for Prosper Lenders As I was writing my Rule of 72 on Prosper article for the official Prosper Blog, I began to think about developing my own ROI calculation based on what I had written. I had attempted creating an ROI calculation once before that was based on actual payments received, but I......
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