Prosper.com - A new alternative to personal loans
Prosper.com has taken the personal loan industry by storm. Their innovative lending platform allows people to either borrow or lend money to other people.
The process of applying for a loan is quite simple:
1. You sign up for a free membership.
2. Customize and post your loan.
3. Receive multiple bids on your loan from various lenders.
4. Once your loan requirement has been fulfilled, Prosper wires the money to your bank account.
Advantages:
• Interest rates are lower than conventional lenders.
• There are no lending guidelines. Your approval is based on people.
They still use your credit report to assess the risk, but lenders do not look at your credit score or specific tradeline information.
Link: [URL="http://www.prosper.com"]Prosper.com[/URL]
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