It’s not surprising that lenders have recently been calling and emailing us to find out if their Prosper cash balances are FDIC insured. We want to take this opportunity to let our lenders know that their cash balances are, in fact, FDIC insured. Prosper is not a bank, does not take deposits, and is not [...]
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Lender funds have FCIC coverage
October 6th, 2008 — , Financial, Lend To Others, Misc, P2P Lending, Prosper, Prosper Lenders, peer to peer lending, prosper news, support from Prosper Bryan @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Lender funds have FCIC coverage
October 6th, 2008 — , Financial, Lend To Others, Misc, P2P Lending, Prosper, Prosper Lenders, peer to peer lending, prosper news, support from Prosper Bryan @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
It’s not surprising that lenders have recently been calling and emailing us to find out if their Prosper cash balances are FDIC insured. We want to take this opportunity to let our lenders know that their cash balances are, in fact, FDIC insured. Prosper is not a bank, does not take deposits, and is not [...]
Related StoresNeighborhood Watch
October 2nd, 2008 — , P2P Lending, Prosper, Prosper Borrowers, Prosper Lenders, peer to peer lending, support from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Like any good neighbor, we need to be on the lookout for predators in the community.
Recently, a fellow community member was approached (via a Prosper Message) by a “potential lender” interested in supporting their listing. The lender requested additional information on the borrower’s business, including their website and/or yellow page link. Shortly after providing the [...]
Why Portfolio Plans should be regularly updated and reviewed
September 23rd, 2008 — , Lend To Others, Misc, P2P Lending, Prosper, Prosper Lenders, peer to peer lending, support from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Prosper updates the portfolio plan templates regularly in order to reflect changing risk and interest rate conditions in the marketplace. It is important that you update your portfolio plans, as these updates include changes to bidding rates based on the most recent loss rate projections.
If plans are not updated regularly, there is a good chance [...]
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Continue reading → Why Portfolio Plans should be regularly updated and reviewed
Charge-offs Explained
September 16th, 2008 — , Financial, Misc, Prosper, Prosper Borrowers, Prosper Lenders, Site Updates, collections, employee, prosper news, support from Andrew Martinez-Fonts @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Ever since we changed the marketplace performance page from listing old loans as “Defaulted” to calling them “Charge-offs”, and then promising more changes inside lender accounts, we’ve had a lot of questions. Let me try to explain why we’re making this change, how it will look if you’re a lender, and what you can expect [...]
Related StoresThere is always another listing
September 1st, 2008 — , Lend To Others, Misc, P2P Lending, Prosper 3rd Party Applications, Prosper Lenders, peer to peer lending, support from Prosper Bryan @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
In my first blog post last week I talked about how I often share the learnings of successful lenders, as well as the teachings of the marketplace results. My job at Prosper is to show lenders how to use Prosper and its various bidding tools. Here are a couple of other learnings to consider.
I (and [...]
The Marathon, not the Sprint
August 28th, 2008 — , Financial, Lend To Others, P2P Lending, Prosper, Prosper Lenders, peer to peer lending, prosper news, support from Prosper Bryan @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
My job at Prosper is to show lenders how to use Prosper and its various bidding tools. I speak with dozens of new lenders at Prosper every day. I often share the learnings of successful lenders, as well as the teachings of the marketplace results.
One of the most critical messages I try to share with [...]
Greetings from Customer Service
May 15th, 2008 — , Misc, Prosper, support from Terence Dela Cruz @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
It doesn’t seem that long ago that our CEO Chris Larsen made the announcement at Prosper Days 2007 that Customer Support was coming in house to SF. It’s definitely been a challenging but fun 18 months for our department. We are a close knit team that strives hard to provide the best customer service to [...]
Related StoresThe Money Marathon – Support Will Carry You Through
December 28th, 2007 — Financial Education, Groups, Lending Club, Series, coaches, marathon, marathoners, professionals, sharing, support, training from Andre Nosalsky @ Better Rates. Together.
There are support programs for everything in life. They are there for a reason, and the reason is that it is much easier to accomplish something when somebody is there with you who has gone through it, understands what you are going through and wants to you to pull through it and win.
In sports, [...]
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Continue reading → The Money Marathon – Support Will Carry You Through
