Prosper Lending offers peer-to-peer lending services that allow individuals to loan money to other individuals. It's a very interesting alternative to normal banks. Prosper's main focus isn't on consolidation loans, but we still feel they may be worth looking into for some individuals. If you're the type that needs more specific guidance, then you may want to visit BestDebtCompanys.com and look at some of the other top rate companies. Interested in learning more? Click the link on the last slide of the presentation above.

1. Prosper Lending!

2. Who Are They?!
!According to their company website,
“Prosper is America’s first peer-to-peer
lending marketplace.” The company is set up
to allow people to invest in one another with
borrowers listing loan requests up to $35,000
and individual lenders investing in each loan
listing they choose. Lenders will consider a
list of qualifications of each borrower to
decide whether or not they choose to invest.
Prosper has a role in servicing the loan
between the two parties. !
!
!

3. What Services Do They
Offer?!
Personal
loans
arrangements
ranging
from
$2,000
to
$35,000.
They
set
up
the
mee;ng
place
for
borrowers
and
lenders
to
meet
each
other
and
make
arrangements.
Our
review
on
BestDebtCompanys.com
refers
mostly
to
the
loan
consolida;on
services.

4. How Does It Work?!
It
starts
with
borrowers
choosing
a
loan
amount
that
they
hope
to
receive
as
well
as
a
purpose
for
the
loan
and
a
loan
lis;ng.
Investors
then
review
the
loan
lis;ngs
and
choose
those
that
meet
their
par;cular
criteria
for
funding.
Once
an
agreement
has
been
met,
the
borrowers
make
the
fixed
monthly
payments
and
the
investors
receive
their
por;on
through
their
Prosper
account.

5. Debt Education!
The
website
has
a
lot
of
informa;on
on
debt
in
regards
to
loans;
how
to
consolidate
high
interest
rate
loans
and
save,
how
to
plan
for
an
auto
loan
without
going
too
far
in
debt,
etc.

6. How Do They Rate With
The BBB?!
Prosper
has
been
a
BeJer
Business
Bureau
accredited
business
since
late
2012.
They
meet
all
the
requirements
to
be
listed
in
good
standing
and
hold
an
A+
ra;ng
with
the
BBB.
They
have
received
numerous
complaints
within
the
last
few
years,
but
most
of
those
complaints
have
since
been
resolved.

7. What Do Their Services
Cost?!
Fees
and
rates
will
range
depending
on
a
number
of
factors
such
as:
• The
Loan
Term
• The
Economic
Environment
• The
Compe;;ve
Environment
Generally
interest
rates
will
range
between
6.73
and
35.36%

8. Additional Resources!
Prosper
provides
trade
notes,
quick
inves;ng
;ps,
marketplace
performance
data
and
more
on
their
website
as
a
resource.

9. Blog!
Prosper
Lending
hosts
a
blog
on
their
website
with
topics
such
as
“What
Are
My
Op;ons
for
Fixing
My
Debt?”,
“Baby
and
Adop;on
Loans”,
etc.
They
also
showcase
lots
of
insighul
infographics
and
success
stories
of
those
who
were
able
to
get
loans
their
services
where
they’d
had
trouble
doing
so
anywhere
else.

10. What Makes This
Company Stand Out?!
Instead
of
seeking
the
approval
of
standard
lending
services,
borrowers
can
appeal
to
individual
lenders
who
may
be
just
regular
people
looking
for
a
good
investment
opportunity
and
a
way
to
help
someone
else
at
the
same
;me.

11. Do They Maintain A
Social Media Presence?!
Prosper
has
a
very
strong
social
media
presence.
They
are
par;cularly
popular
on
Facebook
where
over
26,000
people
“Like”
the
page
and
follow
the
daily
comments.
12,000
people
also
follow
them
on
TwiJer.

12. What Does BDC Think of
This Company?!
Their
current
score
is
a
6.8
out
of
10
for
their
unique
approach
to
solving
debt
issues
and
finding
financial
freedom
through
loans
and
inves;ng
opportuni;es.
They
do
have
some
strict
guidelines
for
being
approved,
such
as
a
credit
score
of
at
least
640
which
many
people
struggling
with
debt
might
not
be
able
to
currently
provide.

13. Potential Negatives!
The
company’s
main
focus
isn’t
about
helping
others
consolidate
their
debts.
Their
focus
is
on
loans
and
inves;ng
which
can
be
a
great
tool
for
growing
wealth
and
geang
funds
when
needed,
but
for
those
who
have
already
struggled
with
paying
for
loans
in
the
past,
they
may
want
to
look
for
a
service
that
will
help
guide
them
through
the
debt
consolida;on
process.

14. Learn More!
Learn
more
about
Prosper
and
other
similar
companies
on
the
BDC
website
by
following
the
link
below:
hJp://bestdebtcompanys.com/company/
prosper-­‐review/

15.
Learn
More