Alternatives to Prosper.com for Lenders?
Feb 9, 2012, 10:06 am
#1
In Memoriam
Original Poster
Join Date: Feb 2000
Location: Easton, CT, USA
Programs: ua prem exec, Former hilton diamond
Posts: 31,801
Alternatives to Prosper.com for Lenders?
I've had great luck with Prosper.com over the last four years, with an annual return just shy of 30%. I fully acknowledge it's mostly luck, there's not much skill in picking loans to fund given the limited information they give you.
That said, Connecticut residents can not currently invest in any future loans. Supposedly they are working on it, but they have been saying that for months, and it's silly to just let the money sit there collecting dust. Should they resolve it, I will be thrilled to fund loans again.
Anybody using an alternative to Prosper for peer to peer lending they are happy with?
That said, Connecticut residents can not currently invest in any future loans. Supposedly they are working on it, but they have been saying that for months, and it's silly to just let the money sit there collecting dust. Should they resolve it, I will be thrilled to fund loans again.
Anybody using an alternative to Prosper for peer to peer lending they are happy with?
Feb 10, 2012, 5:09 pm
#2
Join Date: Jul 2010
Location: COS and PIT
Programs: UA Plat
Posts: 279
Mr. Crispy had used Prosper, too, until his state banned its residents as well. He looked into other sites (I think he was particularly keen on trying fundingclub.com) but his state hadn't just banned their residents from Prosper, but from all peer to peer lending sites. You may find that you are unable to use any of them.