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For 3% it would be better to deal with a cash advance from a credit card.At least there would be customer service, you could call and actually speak to someone.
Quote from: cowdog on May 03, 2009, 12:13:51 pmFor 3% it would be better to deal with a cash advance from a credit card.At least there would be customer service, you could call and actually speak to someone. Credit Cards are changing the fee to 4%.
Quote from: Loan_shark_74 on May 04, 2009, 05:28:21 pmQuote from: cowdog on May 03, 2009, 12:13:51 pmFor 3% it would be better to deal with a cash advance from a credit card.At least there would be customer service, you could call and actually speak to someone. Credit Cards are changing the fee to 4%.Link Please!
Quote from: Fred93 on April 28, 2009, 12:34:58 amQuote from: Mark12547 on April 28, 2009, 12:15:00 amMinimum credit scores from individual borrowers will be 640.640 was the bottom end of the "C" credit grade. Goodbye to the old "D" and "HR". Good move.C & D were by far the best cohort of borrowers, in my estimation. Many students fit into this group, and they are/were (as I am aware) the most profitable group.Basically the only way to garner value from Prosper is to find loans where the credit rating does not adequately reflect (exaggerates) the risk. For instance, an individual with 2 years of credit history just starting his new job. Then you're encountering a situation where your information is better than the bank's information, and that edge is a potential positive return. Eliminating low Cs & Ds, while eliminating many poor borrowers, also cuts out some of the best value there is to be found on Prosper.
Quote from: Mark12547 on April 28, 2009, 12:15:00 amMinimum credit scores from individual borrowers will be 640.640 was the bottom end of the "C" credit grade. Goodbye to the old "D" and "HR". Good move.
Minimum credit scores from individual borrowers will be 640.