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 -
WSJ Features ProProsper in P2P Lending Article Options Grow For Investors To Lend Online -- More Sites Join Prosper.com In Luring the Risk-Tolerant; Hammered by Late Payments... Here is the segment on ProProsper: Over a dozen independent Web sites, mostly geared to Prosper lenders, have emerged in recent months to help lenders make better investing decisions. ProProsper.com, for example,...... - 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 in Japan and Other Asian Countries Prosper and SBI Holdings to Establish Prosper in Japan and Other Asian Countries San Francisco – August 6, 2007 – Prosper (www.prosper.com), America’s first people-to-people lending marketplace, and SBI Holdings, Inc., a holding company for SBI Group, the financial innovation leader of Japan, today announced an agreement to form a......
- 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......
- 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......
