Comments on: Financing Web Work with Prosper.com http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/ Rebooting the workforce Thu, 26 Nov 2009 03:32:24 +0000 http://wordpress.com/ hourly 1 By: şebnem ferah http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-142786 şebnem ferah Fri, 10 Aug 2007 09:53:05 +0000 http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-142786 I cash flow my web work, started with a little interest-free seed money from my personal assets. I cash flow my web work, started with a little interest-free seed money from my personal assets.

]]> By: Aimvest.com http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-89213 Aimvest.com Sat, 16 Jun 2007 05:25:03 +0000 http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-89213 I also wonder what Joel's credit grade is/was. As a group leader and lender I have a hard time deciding which of the already 100% funded loans to bid on. Prosper is not designed for someone who wants to get a fast loan. It takes a serious amount of effort and time to get your Prosper loan funded. Aimvest is a group that has spent a lot of time figuring out what makes a good listing. Working hard and paying attention to detail will make your loan request successful, that being said, it is no guarantee that you will ever get funded. Your credit grade and amount requested plays a big role in that. Check out our group on Prosper: http://www.prosper.com/groups/group_home.aspx?group_short_name=aimvest&referrer=Aimvest Or visit our site and see our free guide to creating a good Prosper loan request listing: http://www.aimvest.com I also wonder what Joel’s credit grade is/was. As a group leader and lender I have a hard time deciding which of the already 100% funded loans to bid on. Prosper is not designed for someone who wants to get a fast loan. It takes a serious amount of effort and time to get your Prosper loan funded. Aimvest is a group that has spent a lot of time figuring out what makes a good listing. Working hard and paying attention to detail will make your loan request successful, that being said, it is no guarantee that you will ever get funded. Your credit grade and amount requested plays a big role in that.

Check out our group on Prosper:
http://www.prosper.com/groups/group_home.aspx?group_short_name=aimvest&referrer=Aimvest

Or visit our site and see our free guide to creating a good Prosper loan request listing:
http://www.aimvest.com

]]> By: Dilip Samuel http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-60640 Dilip Samuel Fri, 11 May 2007 04:15:28 +0000 http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-60640 While <a href="http://www.prosper.com/" rel="nofollow">Prosper.com</a> caters mainly to the US market, there’s another site called <a href="”http://www.GlobeFunder.com”" rel="nofollow">GlobeFunder.com</a> which caters to the global crowd, especially those living in the third world. While Prosper.com caters mainly to the US market, there’s another site called GlobeFunder.com which caters to the global crowd, especially those living in the third world.

]]> By: Six Degrees http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-41364 Six Degrees Sun, 15 Apr 2007 01:31:33 +0000 http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-41364 In April 2007, a new group was created on prosper.com “Six Degrees of Separation – A Social Networking Challenge” to facility person-to person lending on a secure, easy to use internet platform. This group (Six Degrees) was created to help individuals who want to improve their finances. Loans can be obtained to either refinance higher interest debt (credit cards), to invest in real estate, to invest in other income producing or appreciating assets, or to invest in small businesses. In addition, the group (Six Degrees) is offering a twist that allows individuals to participate in a social networking challenge to test the small world phenomenon. As an initial promotion, the group is offering a special promotion whereby borrowers can earn cash incentives if they fund a new loan within this group or create the largest number of referral loans within this group. The group leader of Six Degrees has spent 15+ years in the traditional banking industry and is currently both a lender and borrower on Prosper.com. The group leader before forming this group invested his own money in 75 loans to help others across the country (California, Washington, Texas, Florida, Maine, New York and many other states). Check it out and JOIN this group: https://www.prosper.com/groups/group_home.aspx?group_short_name=SixDegrees In April 2007, a new group was created on prosper.com “Six Degrees of Separation – A Social Networking Challenge” to facility person-to person lending on a secure, easy to use internet platform.

This group (Six Degrees) was created to help individuals who want to improve their finances. Loans can be obtained to either refinance higher interest debt (credit cards), to invest in real estate, to invest in other income producing or appreciating assets, or to invest in small businesses.

In addition, the group (Six Degrees) is offering a twist that allows individuals to participate in a social networking challenge to test the small world phenomenon. As an initial promotion, the group is offering a special promotion whereby borrowers can earn cash incentives if they fund a new loan within this group or create the largest number of referral loans within this group.

The group leader of Six Degrees has spent 15+ years in the traditional banking industry and is currently both a lender and borrower on Prosper.com. The group leader before forming this group invested his own money in 75 loans to help others across the country (California, Washington, Texas, Florida, Maine, New York and many other states).

Check it out and JOIN this group:
https://www.prosper.com/groups/group_home.aspx?group_short_name=SixDegrees

]]> By: frequencydip http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-40763 frequencydip Sat, 14 Apr 2007 02:27:22 +0000 http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-40763 @ Joel I was just wondering what your credit score was, it seams like you should have had a good chance of funding. Also were you in a group? Some groups are bad and will actually hurt your chances of funding. @ Joel

I was just wondering what your credit score was, it seams like you should have had a good chance of funding. Also were you in a group? Some groups are bad and will actually hurt your chances of funding.

]]> By: ProsperLenders.com http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-37881 ProsperLenders.com Mon, 09 Apr 2007 17:58:40 +0000 http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-37881 While the lenders do, indeed, tend to be somewhat skeptical, this is not without cause. The default projections provided to lenders are... optimistic (compared to actual performance) and only loosely correlated to Prosper loans as an asset class (considering that the Experian default projections are based upon performance data from a sample consisting of bank card products). If you're interested in further analysis, from a lending perspective, feel free to check my site, as well as stopping by the official Prosper forums... While the lenders do, indeed, tend to be somewhat skeptical, this is not without cause. The default projections provided to lenders are… optimistic (compared to actual performance) and only loosely correlated to Prosper loans as an asset class (considering that the Experian default projections are based upon performance data from a sample consisting of bank card products). If you’re interested in further analysis, from a lending perspective, feel free to check my site, as well as stopping by the official Prosper forums…

]]> By: Joel http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-35299 Joel Thu, 05 Apr 2007 02:05:07 +0000 http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-35299 Prosper is crap. They are worse than banks. I put a listing up at 28% interest rate, have a 7% income to expense ratio - the loan would have been my only bill. Proved my income of about $70,000/yr. by scanning my check stubs and showing my businesses income, and it still didn't get funded. I did this twice and the first time I only got two bids, the second I had four bidders. I will never use them again. A complete waste of time. I didn't really need the money, I just wanted the extra cushion for my business. If you plan on using them, be aware that you will spend a lot of time trying to get the loan. No matter how perfect your credit is. And if you get funded, you'll join a group of the about 1% of all loan requests that actually get funded. You will also be degraded daily. The lenders look down on the borrowers and degrade your character. There is a line between requesting more info from a person and belittling them. Not everyone is a loser. Prosper is crap. They are worse than banks. I put a listing up at 28% interest rate, have a 7% income to expense ratio – the loan would have been my only bill. Proved my income of about $70,000/yr. by scanning my check stubs and showing my businesses income, and it still didn’t get funded. I did this twice and the first time I only got two bids, the second I had four bidders. I will never use them again. A complete waste of time.

I didn’t really need the money, I just wanted the extra cushion for my business.

If you plan on using them, be aware that you will spend a lot of time trying to get the loan. No matter how perfect your credit is. And if you get funded, you’ll join a group of the about 1% of all loan requests that actually get funded. You will also be degraded daily. The lenders look down on the borrowers and degrade your character. There is a line between requesting more info from a person and belittling them. Not everyone is a loser.

]]> By: Eric Gruber http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-35149 Eric Gruber Wed, 04 Apr 2007 18:12:27 +0000 http://webworkerdaily.com/2007/04/04/5-keys-to-financing-web-workers-with-prospercom/#comment-35149 I cash flow my web work, started with a little interest-free seed money from my personal assets. I cash flow my web work, started with a little interest-free seed money from my personal assets.

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