Prosper.com is no longer available in Texas. All I know is I can no longer invest, and it’s not really worth it. I love the concept, but if I can’t use it, well then it’s not worth it.
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Stephen Frick has written 4 entries about this goal
Still waiting for Prosper.com to open up lending again. They are completely frozen, and I can’t bid on any new loans.
I’m now at $10 Bucks income this month from prosper. Yes it seems like pocket change, but one day it could be real income. It’s amazing how compounding money can gain great returns. Currently prosper is more like a hobby for me, but again I haven’t yet been burned by non payments. I plan to keep investing.
I’ve started with only $75, I hope to put in about 3K in the next few months. I figured why not start small and work up to this goal. One thing about prosper is that it takes 4 days to deposit money into an account. Each payday I’ll deposit a little more and get up to the $50/month in income. I’m sure I’ll have a few losses but it looks like a over all gain (Look at the credit card companies). Also I hope to use this to help other people pay off their credit cards and get completely out of debt and stay out of debt.
