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I have been a lender on Prosper.com since March 2007, with about $2,400 invested. Although my projected ROI is currently over 10%, I stopped lending in October for a variety of reasons all linked to Prosper's management. Basically, the best way to summarize Prosper is that it is a wonderful concept, executed horribly due to the incompetence and arrogance of management.<br> <br> There are too many serious problems with Prosper to list here, but brief review of www.prospers.org, which is the largest Prosper forums, will provide anyone interested with a long list. And yes, Prosper massively understates its default rate in its advertising and commentary.
By ira01
