Any problems with people not paying back? I can't use it because I'm not a us citizen, but a site called loanland started in my country not long ago like prosper and I might invest some there. So any info guys?
Anyone use prosper.com ?
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I've been there for about 1.5 years. Save your time. The verification, collections and defaults are run by a company (Prosper) who is run by a bunch of total fools.
They've burned through $40mil in VC funds already. I suspect they will be gone or sold off within 24 months unless they can get rid of the current management and find some people who know WTF they are doing.Comment


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