Hello and good morning to all our readers. Welcome to another edition of the Prosper Roundup. We have lots in store for you today, including a large section for our small business entrepreneurs and for those looking to create their own start-up during this economic situation. Drop us a line when you’re through to tell [...]

• Mixed Lots Small Size Notes Paper Money US Coins Paper Money

• Mixed Lots Indian Head 1859-1909 Small Cents Coins US Coins Paper Money

Continue reading → Prosper.com Roundup - Small Business and the Economic Crisis

A common subject our community members talk about is: how many loans does a lender need to be diversified? As far as a number is concerned, based on my review of marketplace data I believe that that a minimum of 100 equal sized loans achieves effective diversification.  In fact, I believe there are still diversification [...]

• Plate Number Coils United States Stamps

• Home-Based Businesses Businesses for Sale Opportunities

Continue reading → Optimal number and size of loans - other factors to consider - for diversification

The collection of links this week comprises a list of reads for small businesses and those looking to start a small business. Several articles discuss investors and start-up money. Browse the other categories to read about lending, banking, and stocks.
Peer-to-Peer Lending:
• Learn how P2P lending’s popularity surges over at Seo(X)Factor.
• Tiny Crunch Newswire writes Washington Mutual Bites [...]

• Small Cents Coins US Coins Paper Money

• Small Size Notes Paper Money US Coins Paper Money

Continue reading → Prosper Roundup – Bailouts and Business

As you may have read, Citigroup recently agreed to purchase Wachovia’s banking operations for about $2.1 billion in a deal brokered by federal regulators. Wachovia’s troubles are similar to those of Washington Mutual, whose assets were seized by the Federal Deposit Insurance Corporation last week and sold to JPMorgan Chase. Wachovia sold thousands of adjustable [...]

• Banking, Insurance Advertising Collectibles

• Federal Reserve Notes Large Size Notes Paper Money US Coins Paper Money

Continue reading → Help Your Neighbors

Welcome to this latest edition of Prosper’s Weekly Roundup. The title for this week’s roundup comes from a Forbes headline. There’s a lot going on in the news! Be sure to check out the Stocks and Banking Industry section for more information.

Peer-to-Peer Lending:
• TNL.net presents fast pace look into the History of Currency. P2P Lending is [...]

• Banking, Insurance Advertising Collectibles

• Postal History Worldwide Stamps

Continue reading → Weekly Roundup - Bottom-Feeders and the Banking Industry

We have completed the programming and testing on the routine to apply collection account refunds to lenders impacted by the change of accounts from PennCro to AmSher. We are planning to do the initial run of the program on September 22, 2008.  The refunds will include interest on the overage. The logic was developed in such a [...]

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• Pool Chemicals Testing Pools Spas Yard, Garden Outdoor Living

Continue reading → Collection Refunds Update

Prosper roundup gets switched around! Easy to read categories are going to be our new way of organizing the roundup.
Categories may change from week to week, but overall the feel of the roundup will be the same. 
Business Loans:
• SFGate posts an article this last Sunday on how right now it’s a hard time to get new [...]

• Deals Sunday River Maine Skiing Vacation

• Lamp Posts Outdoor Lighting Yard, Garden Outdoor Living

Continue reading → Prosper Weekly Roundup

Last September, I took out a $10,000 home improvement loan on Prosper, to fix a leaky patio that I inherited when I bought my apartment. It was a known repair, and the leak wasn’t particularly bad, but I knew that it should be patched soon. With my annual property tax bill taking up all my [...]

• Annual Reports Paper Railroadiana, Trains Transportation Collectibles

• Home Security Home Improvement

Continue reading → I paid off my loan

A highly unusual Prosper borrower bankruptcy case, which is of course a matter of public record, has raised questions among some members of the Prosper lender community. Therefore, we believe it is appropriate and necessary to provide factual clarity to set the record straight.
Specifically, the discussion centers on three main questions:
1) Is this a case [...]

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• Straight Razors Shaving Vanity, Perfume Shaving Collectibles

Continue reading → The Facts of the Matter

I have always loved magic. As a kid I was amazed at how the magician could make a beautiful lady disappear and reappear in a different outfit or cut her in half and put her back together. My favorite trick is the one where the magician is able to pull deck after deck of cards [...]

• Magician Memorabilia, Ephemera Magic Fantasy, Mythical Magic Collectibles

• Pontoon Deck Boats Powerboats Motorboats Boats

Continue reading → Getting funded magically

There are two new trends in the banking world that may actually be very dangerous for consumers. Long term personal loans and interest only loans are gaining in popularity, especially in the wake of the housing crisis. While these may seem to be a great option at the time, there are many risks from these [...]

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• Banking, Insurance Advertising Collectibles

Continue reading → The Dangers of Long Term and Interest Only Loans

Virgin Money is another the brainchild of Richard Branson, the well known entrepreneur that is behind a multitude of businesses, record labels and projects throughout the world. His belief is that everyone should have access to the money they need when they are trying to get money for a business or even for personal reasons. [...]

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• Africa Paper Money World Coins Paper Money

Continue reading → Virgin Money Review

Starting a business is a daunting task – but for many it is a desire to follow a dream. To embrace risk…and the possibility of failure. It’s impressive how many people start businesses, follow their dreams and take those risks. And we see it everyday on Prosper – interesting stories about members’ business ideas.
As I glanced [...]

• Hydroponics Seed Starting Gardening Plants Yard, Garden Outdoor Living

• Hydroponics Hydroponics Seed Starting Gardening Plants Yard, Garden Outdoor Living

Continue reading → Starting your own Business

Snowflaking is a way to save on interest. The general principle is to pay in a small extra amount towards a loan every month, a $5 snowflake here, a $10 snowflake there starts to build into a snowball which, if rolled downhill, compounds. These small amounts might not seem like much, but they definitely add [...]

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• Small Appliances Kitchenware Housewares Kitchenware Collectibles

Continue reading → Snowflaking your Prosper Loan to Save Interest

GenX Finance offers How to Tell if You Have a Bad 401k Plan.
Rich Credit Debt Loan tells you How to Keep Cash Flow Coming In.
LazyMan covered a recently reemerged story in Extreme Foreclosure!.
The Digerati Life laments Lost Money: How Money Drains Add Up To $175,000 In 10 Years.
Cash Money Life discusses the need to Get [...]

• Cash Registers Banks, Registers Vending Collectibles

• Life Savers Candy Nuts Advertising Collectibles

Continue reading → Prosper Roundup Solar Eclipse Edition

With summer upon us, taking to the road is a delightful way to see America in all its beauty. Many like to do this economically by purchasing or renting an RV. While gas may be expensive, the costs of your overnight stays are minimal. However, vehicle financing has been a complicated process that usually ended up being [...]

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• Rescue, Emergency Vehicle Historical Memorabilia Collectibles

Continue reading → Recreational Vehicles for Summer Fun

The personal finance blogosphere was packed with great articles this week… Here are a few of our favorites…
GenX Finance details the Top 12 Money Mistakes Most People Make and special congratulations to GenX Finance for being named by PC Magazine to the Top 15 Websites for Managing (and Saving) Money
 
RateLadder updates 1 Month Late or [...]

• Investments Opportunities to Make Money

• Internet Businesses Websites Businesses for Sale Opportunities

Continue reading → Prosper Roundup

Every now and again, I get e-mails from readers asking for advice. I always stress that I’m licensed to give individual financial advice. However, I often opine with what steps I would take if I found myself in a similar situation.
This week’s e-mail comes from Candi (as always names have been changed for anonymity and to stimulate readers’ imaginations). I’ve paraphrased it to put a focus on the important information:
Hi, I briefly read some of your articles. I need financial help and don’t know if you can help. I have made poor financial choices in [...]

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• 1 Individual Casino Chips Chips Casino Collectibles

Continue reading → Reader Email: Help Me, I’ve Been Evicted!

There used to be several ways to be able to get a loan. Now, with the credit crunch it has become considerably harder. For example, if you are in the market for a new or used car or just want to reduce your monthly payments on your car, there are a couple of different ways [...]

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• Heart Rate Monitors Monitors Pedometers Gym, Workout Yoga Exercise Fitness

Continue reading → Low Rate Unsecured Personal Loans for Many Uses