Lend Smart and Prosper

For Borrowers

What to Expect

So you want to borrow money and you want it right away. First thing to realize is that most listings do not get funded. So if you need the money soon, and want to avoid having to re-post a listing over and over again it is a good idea to take the time to do it right.

10 Listing Tips

1. Join a group
2. Know your credit grade and history
3. Write out a budget
4. Include a Picture
5. Set a resonable Interest Rate
6. Format your Listing
7. Spell Check and Grammer Check
8. Verified your bank account
9. Answer all questions
10. Use the Forums (Here)

More on Groups

Groups are an important tool in improving your odds of getting your loan funded. Take a look at the Chart on the right, it shows the current precentage of loans that are 100% precent funded by people with a group and without a group. You can see for yourself the difference it makes.

Listing Titles and Key Words

There are many different types of loans on Prosper but which are the most successful? Below is a short list of likely categories that Prosper loans might fall into. We searched the Titles of the active, 100% funded, Listings to determine the type of the loan.

• Credit Cards (14.61%)
• Business Improvements or Expansion (4.87%)
• Home Improvements (5.44%)
• Debt Consolidation (14.33%)
• Buying a Car (18.05%)
• Reinvestment (5.16%)
• Paying back Pay Day Loans (4.01%)