How Do You Become A Lender On Prosper.Com?
Prosper.com is a person-to-person lending website that brings borrowers and lenders together. Becoming a lender on Prosper.com can be a lucrative business move, and it only takes a few steps to set up on the website. Step 1 Register on Prosper.com. The only requirement is that you must be a U.S. citizen over 18 years of age with an active bank account. Step 2 Fund your account. The money should be available within 2 to 4 business days. The only accepted method of funding your Prosper account is via an electronic funds transfer from your bank account. Step 3 Browse and view listings. Make a list of loan applicants on whom you want to bid (how much you want to contribute and at what interest rate). Step 4 Choose your final listings, depending on how much you want to start with and place your bids. The minimum bid on any individual loan is $50. Step 5 Wait to see if you are outbid. This happens when the loan is fully funded and someone else is willing to accept a lower interest rate than
Prosper.com is a peer to peer lending community that allows individuals to apply for personal loans without having to go through the hassle of applying through a normal lending institution. Instead of a bank, the lenders on prosper.com are regular people who are looking for a unique way to invest. This article will give you steps and tips on how to become a lender on prosper.com, and how to succeed as a lender on prosper.com. The first step needed to be taken when becoming a lender on prosper.com is to open an account. Virtually anyone can open an account with prosper.com. You will need to provide an accurate date of birth, and will need to be at least eighteen years old. Once your account has been opened and fully approved by Prosper, you can now deposit money into your account. Depositing money into your account is an easy process, and you can easily link your Prosper.com account with any checking account. Since you are new to prosper.com, it is recommended that you only deposit a li
