You can join www.prosper.com and borrow or lend out money.
You can join www.prosper.com and borrow or lend out money.
You can apply to form a new group or can enroll as a member of a group that is in good standing - you apply for an amount of money you need, the length you want to borrow it and the term you think is fair. The three lowest rates are combined into a single loan and the payments are deducted from the borrowers account.
You can lend money by browsing the requests and bidding on any that you may want to loan on. Again, the three lowest rates are combined into one loan.
You can MAKE MONEY by forming groups. It is a group leaders responsibility to bring borrowers to the site - as they repay their loans the group leader makes money Group rewards by credit grade
The group leader will receive match rewards one month after a group loan is funded as long as the loan is still outstanding (not repaid) and payment is current.
