Comments on: Quick Prosper Update http://www.lazymanandmoney.com/quick-prosper-update/ Saving, Earning, and Investing Money Sun, 22 Nov 2009 05:41:44 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: StingyFinance http://www.lazymanandmoney.com/quick-prosper-update/comment-page-1/#comment-259 StingyFinance Thu, 16 Nov 2006 12:15:00 +0000 http://www.lazymanandmoney.com/quick-prosper-update/#comment-259 Hey LazyMan, Thanks for the reply. So they keep 1.5% of the posted interest. Interesting, they will need a large loan balance to start making some real money. Maybe they'll start loaning out money themselves. :) Question, do they charge fees for withdrawing money? Joe Hey LazyMan,

Thanks for the reply. So they keep 1.5% of the posted interest. Interesting, they will need a large loan balance to start making some real money. Maybe they’ll start loaning out money themselves. :)

Question, do they charge fees for withdrawing money?

Joe

]]> By: lazymanandmoney http://www.lazymanandmoney.com/quick-prosper-update/comment-page-1/#comment-258 lazymanandmoney Thu, 16 Nov 2006 04:53:31 +0000 http://www.lazymanandmoney.com/quick-prosper-update/#comment-258 Not a problem. Prosper keeps 1% from the borrower and 0.5% from the lender I believe. There are no additional fees for the lender and as that comes from the loan itself it doesn't feel like a fee. The payments stay in the Prosper account like Paypal. You can't really do anything with these funds except lend them out again or transfer them back to a bank account. You earn no interest on this money, so it's best to keep as little money in there as possible. Not a problem. Prosper keeps 1% from the borrower and 0.5% from the lender I believe. There are no additional fees for the lender and as that comes from the loan itself it doesn’t feel like a fee.

The payments stay in the Prosper account like Paypal. You can’t really do anything with these funds except lend them out again or transfer them back to a bank account. You earn no interest on this money, so it’s best to keep as little money in there as possible.

]]> By: StingyFinance http://www.lazymanandmoney.com/quick-prosper-update/comment-page-1/#comment-256 StingyFinance Wed, 15 Nov 2006 20:01:12 +0000 http://www.lazymanandmoney.com/quick-prosper-update/#comment-256 What kind of spread does Prosper.com keep? For example, if the borrower has to pay 10% interest on the loan, what does the lender get to keep? Are there additional fees for the lender? Also, do the payments go directly to your bank account? Or a paypal type account where you have to pay fees to withdraw? Sorry for all the questions. :) Joe http://www.StingyFinance.com What kind of spread does Prosper.com keep? For example, if the borrower has to pay 10% interest on the loan, what does the lender get to keep? Are there additional fees for the lender? Also, do the payments go directly to your bank account? Or a paypal type account where you have to pay fees to withdraw?

Sorry for all the questions. :)

Joe
http://www.StingyFinance.com

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