I will be attending Finovate Startup today (where Prosper is scheduled to speak). I will be live Twittering at http://twitter.com/BlogTrafficExch

Just in my email Prosper:

Dear Kevin,

Prosper is back with even more ways for you to earn a great return.

To activate your portfolio plans and to start investing right now, sign in and review our new
Lender Registration Agreement.

Introducing New Ways to Invest on Prosper
While speaking about Prosper, Preston DuFauchard, the Commissioner of the California Department of Corporations, said recently, “New ideas and approaches are needed to increase access to consumer and small business credit, especially in today’s environment.”

We couldn’t agree more.

At Prosper, our aim is to provide you with more than just investments. We feel it’s time to take back the system and provide the financial stewardship our country needs – one based on Americans helping Americans. To help bring this about, we’ve worked hard for the past six months to offer you new ways to invest and grow.

Invest on Our Open Market

In response to our nation’s credit crisis, you will now be able to invest in loans made by other financial institutions through our new Open Market initiative. Open Market listings describe existing loans made or owned by lending companies offered for sale on Prosper (such as a car loan).

And because Prosper can offer you a one-to-one relationship between the investment and the underlying asset, these loans are inherently transparent and less complex than traditional debt securitization and other traditional bank lending methods.*

Sound good? There’s more.

Improved Risk Rating System

We’ve been working diligently at revamping our risk rating system, too. Our new robust system allows us to maintain consistency when rating listings—regardless of the loan seller, type of credit score used or type of loan being offered for sale.

We do this in part by combining our proprietary Prosper score with one pulled from Experian’s Scorex Plus. This allows you to better analyze a listing’s level of risk since the final rating represents an estimated average annualized loss rate range—making it easier for you to decide which listings may be your best investments. While we cannot guarantee performance, now you’ll have even more financial information on potential borrowers, along with the assurance that the new Prosper minimum credit score is 640 for individual marketplace listings. At Prosper, we constantly strive to provide you with all of the financial assurance and tools you need to make it easier to invest through us.

Coming Soon…Trade Existing Loans

In other exciting news, you will soon have the option to be able to buy, sell and trade Notes on our new Trading Platform. Please be aware that trade investing through Prosper is not available at this time, as it is subject to regulatory approval.

At Prosper, we’re excited to welcome you back with these new ways to invest—all built upon the financial transparency, vigilance and openness you deserve.

Related Posts

• The Complete Guide To Prosper.com A new book on Prosper.com goes on sale today -- The Complete Guide To Prosper.com. I meet the author at Prosper Days and he gave me an advanced copy... I have read it and here are my thoughts... Books are a tough medium for an up and coming ever......
• Prosper com Loan Ordering Feature Request My account has 56 loans originating across 7 months.  I regularly go and look at the entire list and attempt to gleam which loans need to make a payment.  This task is an exercise in futility.  The loans are in origination date order so at any given time there are 7......
• 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......
• Rateladder Referral Listing: Guarenteed Money for Simple loan Guarenteed Money for Simple loan This is the cleanest A I have ever seen. I am a little surprised that it is not a AA. Account Verified, DTI 9%, A Credit. CLEAN! Purpose of loan: Supplement stock porfolio for more diversified lending (explain what you will be using this loan......
• Prosper.com Lender Game — Retireme99 Initial Update — 10.16% to 14.88% Retireme99 wrote his own intro: I started lending in May 2006... let the money sit for awhile to see how it worked... then got back into it more actively recently.  Looking at my results I have been happy that only two loans have gone 1+ months late.  I have another......

Related Websites

• 3 Ways to Consolidate Credit Card Debt Today's post is a guest blog by Nicole James of Debt Consolidation Care. If you are overburdened with multiple credit card bills and want a solution, then credit card debt consolidation could be the answer that you are looking for. This process combines all your multiple credit card bills into......
• In Defense of Prosper.com - Other Common Complaints Rebutted (Jonathan at My Money Blog has a very in-depth two part review of Prosper.com. My Money Blog is one of my favorite sites, which is why it’s in my blog roll and feed reader. It’s worth familiarizing yourself with that article before continuing here with my rebuttals.) Jonathan notes that......
• In Defense of Prosper.com - Can it Survive? (Jonathan at My Money Blog has a very in-depth two part review of Prosper.com. My Money Blog is one of my favorite sites, which is why it's in my blog roll and feed reader. It's worth familiarizing yourself with that article before continuing here with my rebuttals.) At a couple......
• Lending Club Scam? Prosper.com Scam? Two Loan Companies Which Are Safe to Borrow From If you have ever considered taking a loan out online, you have good reason to be weary of scams out there. A number of company that offer loans online have one-sided loan agreements and others are just outright frauds. Because of the increase in popularity of the peer to peer......
• New Features make Lending on Prosper Better than Ever Prosper.com released a few new features recently. These features might be interesting to all lenders or potential lenders. Here's a run down on some of the new features and how they could affect Prosper's peer-to-peer lending market. Portfolio Plans - Prosper now provides an automated method to bid on set......

Online Stores

• Open Shelf Greenhouses & Terrariums Garden Structures & Fencing Yard, Garden & Outdoor Living Nursery
• Open G Slides Acoustic Musical Instruments
• Tokens: US Trade Exonumia Coins & Paper Money
• Tokens: US Trade Exonumia Coins & Paper Money
• International, Cultural, Ethni By Type Dolls Dolls & Bears

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Prosper.com

Tags:

aim, california department of corporations, car loan, consistency, credit crisis, credit score, debt securitization, department of corporations, email, financial institutions, financial stewardship, FinovateStartup09, investments, new ways, proprietary, registration agreement, risk rating, robust system, six months, small business credit, traditional debt