Prosper 50 Best Websites 2007 By Time | P2P Lending, Peer to Peer Lending, People to People Lending

Prosper is a community of lenders and borrowers—or social lending network—operates outside of any bank, so the rates are better. Post a request for a loan, including desired amount and the maximum interest rate you’d be willing to pay; potential lenders place bids for the amount they are willing to lend, and at what rate. Prosper combines the best offers and puts together a loan plan (multiple lenders, lower risk) and manages the repayment over three years (the standard term). The site also does credit checks, and charges transaction fees and servicing fees.

You can give each site a rating… So far Prosper’s rating is 91 out of 100. Which is currently tied for 3rd…

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