This book is written for investors and lenders who do not have a background in consumer finance, yet who wish to participate in this new form of interpersonal finance. It describes how to become a passive lender on Prosper.com by using standing orders to automate the process of finding and bidding on unsecured loan requests. The author's primary goal is to enable small-time lenders to be able to earn a second income from employing some of their risk capital.
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Editorial Reviews
Review
"I had been planning for months to set up automated lending systems on Prosper - the idea is completely enchanting and very exciting! Unfortunately I just couldn't find the time to study the Prosper web site in detail and figure out all the nuances to actually getting my automated lending business up and running. Thankfully, now I don't have to. Happy About People-to-People Lending on Prosper.com: How to Lend Money to Friends You've Never Met is the shortcut I've been searching for. With it by my side I have little doubt I'll have my lending machines up and running reliably on Prosper in no time at all!" -- Jonathan van Clute (PML-Lending), Web Marketing Expert and Professional Investor
"Just as eBay evolved as community based on trust and the tenet that "people are basically good," Prosper has transformed our traditional concepts of community building and social networking. The platform supports a web of integrated relationships from which all parties can mutually benefit. This book describes how lenders can work closely with group leaders and their borrowers to form a community that is profitable for the lenders and has a positive impact on the lives of all members of the group." -- Marilyn Paguirigan (Islandmele), Featured Instructor in the Ebay Education Specialist Program, Prosper Lender, and Leader of the Malama Ohana Group
"Just as eBay evolved as community based on trust and the tenet that "people are basically good," Prosper has transformed our traditional concepts of community building and social networking. The platform supports a web of integrated relationships from which all parties can mutually benefit. This book describes how lenders can work closely with group leaders and their borrowers to form a community that is profitable for the lenders and has a positive impact on the lives of all members of the group." -- Marilyn Paguirigan (Islandmele), Featured Instructor in the Ebay Education Specialist Program, Prosper Lender, and Leader of the Malama Ohana Group
From the Publisher
This book is written for investors and lenders who do not have a background in consumer finance, yet who wish to participate in this new form of interpersonal finance. It describes how to become a passive lender on Prosper.com by using standing orders to automate the process of finding and bidding on unsecured loan requests. The author's primary goal is to enable small-time lenders to be able to earn a second income from employing some of their risk capital.
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Most Helpful Customer Reviews
6 of 8 people found the following review helpful:
2.0 out of 5 stars
Nothing New Here - Save Your Money,
By
This review is from: Happy About People-to-People Lending With Prosper.com: How to Lend Money to Friends You've Never Met (Paperback)
This is a very small book with lots of white space (I read it in less than an hour). Moreover, the author does not add hardly anything that is not available on the Prosper web site or Prosper forums. What the author does add is a lot of fear about consumer lending and constant warnings about how lending is risky business and you may lose everything! Read the Prosper web site and save your money.
8 of 11 people found the following review helpful:
5.0 out of 5 stars
Great book, lots of honest information about lending on Prosper.com,
By
This review is from: Happy About People-to-People Lending With Prosper.com: How to Lend Money to Friends You've Never Met (Paperback)
Roger Steciak does a great job describing and sharing tips for lending on Prosper.com. The book is full of honest information that should be a must read before anyone even thinks about lending in this People-to-People arena. When I started the book, I thought "Who would do this?" There were so many warnings in the beginning, but then as I finished the book, I realized that it was refreshing to both learn alot and be told both the good and bad scenarios possible. I highly recommend this book to anyone who is interested in learning more about Prosper.com, thinking of becoming a lender, or currently lending on Prosper.com. You will definately learn something new.
1 of 1 people found the following review helpful:
3.0 out of 5 stars
A litle more info please- but a good read,
By
This review is from: Happy About People-to-People Lending With Prosper.com: How to Lend Money to Friends You've Never Met (Paperback)
Prosper has transformed our traditional ideas of community building and social networking of lending money.
This book provides a blue print for lenders who want to help out other people by lending them money through the Prosper marketplace. By using the safe investment approach in this book, lenders can better manage their risk associated with lending money to friends they have never met.I just wish there was a little more meat, but a good read
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Inside This Book
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First Sentence:
People-to-people lending is a new activity made possible by the Internet and inexpensive computer electronics. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
supporting lenders, borrower credit grade, standing orders bid, automatic group selection, interest rate profile, respected group leader, standing order system, using standing orders, one standing order, combo system, standing order forms, current delinquencies, automatic funding, lender rate, experienced group leaders, credit data, late loan, clean credit, listings database, particular listing, appropriate listings, expected defaults, lending strategies, lending strategy, lender interest Key Phrases - Capitalized Phrases (CAPs): (learn more)
Group Star Performance Rating, Malama Ohana, Marketplace Performance, Prosper Web, Happy About People-to-People Lending With Prosper, Money Talks, Average Credit Statistics, Combinations of Systems, Prosper Forums, Working With Groups, Group Borrower Borrower Credit Grade Bidding, Group Strateg, Lender Strategy, Segmenting Borrowers, Sonic Lenders, Texas Prosperers, Total Amount New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
People-to-people lending is a new activity made possible by the Internet and inexpensive computer electronics. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
supporting lenders, borrower credit grade, standing orders bid, automatic group selection, interest rate profile, respected group leader, standing order system, using standing orders, one standing order, combo system, standing order forms, current delinquencies, automatic funding, lender rate, experienced group leaders, credit data, late loan, clean credit, listings database, particular listing, appropriate listings, expected defaults, lending strategies, lending strategy, lender interest Key Phrases - Capitalized Phrases (CAPs): (learn more)
Group Star Performance Rating, Malama Ohana, Marketplace Performance, Prosper Web, Happy About People-to-People Lending With Prosper, Money Talks, Average Credit Statistics, Combinations of Systems, Prosper Forums, Working With Groups, Group Borrower Borrower Credit Grade Bidding, Group Strateg, Lender Strategy, Segmenting Borrowers, Sonic Lenders, Texas Prosperers, Total Amount New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
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