Prosper: The eBay of Loans?


Subject:
Money , Consumer Research & Advocacy , Loans , Loans

Description:
This 2006 article describes a new online financial service that "matches people who need small loans, but can't get them from traditional banks, with willing lenders." These person-to-person loans do not just "provide a new way for individuals to get small loans. It could also turn anyone with a little money into a banker." Discusses how Prosper works, payment processing, and potential problems with defaults. From Business Week.

Creator:
Hof, Robert

Publisher:
The McGraw-Hill Companies Inc

Language:
English

Source:
http://www.businessweek.com/technology/content/feb2006/tc20060213_147523.htm


PID= res:lii-24862