Tuesday, April 6, 2010 - 7:36 AM

Investment Risks at Prosper? SEC Filing Provides Insights

The recent SEC filings of the peer-to-peer lending company, Prosper Marketplace Inc, sheds some light on the risks seen by lenders. This American Banking News article has a good review of the SEC filing which includes delinquency rates for the loans.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

1. Tuesday, April 6, 2010 - 4:34 PM

I very much like the idea of prosper and considered investing as a lender, but the Better Business Bureau rating of a D-plus and outstanding litigation scared me away.

See http://www.bbb.org/greater-san-francisco/business-reviews/loans/prosper-marketplace-in-san-francisco-ca-118427 for more information.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819