Prosper.com and how I got denied for lending.
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I was reading a article titled “Personal Loans Made Easy” on PFBlog.com about Prosper.com. In a gist Prosper lets you make personal loans out to people. You accept a little risk and get a higher rate of return. Read more about it on the Prosper page or on the article page.
I applied and they couldn’t approve me for lending because they couldn’t verify my identity through my credit history. This has been happen to me quite a few times. I’m a young college student with no credit history. I had to jump through a lot of hassles to get my Citi Dividend card. I’ve only had the card for two months so I don’t expect to have much of a credit history. I know for sure I don’t have a credit history because I requested for one and it came back empty. Dead empty. Hopefully in 6-months to a year I’ll have some sort of credit history.
2 Responses to “Prosper.com and how I got denied for lending.”
A new innovative group on Prosper.com called “Two Millionaires cover High Risk Loans, Restore Credit” is helping ordinary people prosper by providing a way for them to get a series of small loans at interest rates below 30% to move their credit grades from HR high risk to B or better.
In less than a month this unique group attracted 200 members, placed 10 loans, and had 50 active listings.
Two Millionaires is helping high risk borrowers who can’t attract lenders even in the socially exciting Prosper.com people to people market. The goal of the Two Millionaires founders is to help sincere high risk members get to the point where they qualify as Prosper.com lenders and group leaders themselves.
Two Millionaires attracts lenders by offering a large selection of quality listings at high interest rates, and an opportunity to help others.
https://www.prosper.com/public/groups/group_home.aspx?group_short_name=Mayans2
By ProsperGL on Nov 9, 2006
Keep the faith… Becoming a lender is worth it.
I write a propser blog http://rateladder.com
RateLadder.com explores all aspects of lending on Prosper.com using personal experiences as examples while adding rigor to my own journey. Always looking to improve return on investment and reduce risk.
By RateLadder.com -- Prosper Loans, Lending, Rates, and Analysis on Feb 2, 2007