Happy about People-to-People Lending with Prosper.com: How to Lend Money to Friends You've Never Met

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Happy About, Jan 1, 2007 - Business & Economics - 98 pages
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This book is written for investors and lenders who do not have a background in consumer finance, yet who wish to participate in this new form of interpersonal finance. It describes how to become a passive lender on Prosper.com by using standing orders to automate the process of finding and bidding on unsecured loan requests. The author's primary goal is to enable small-time lenders to be able to earn a second income from employing some of their risk capital.
 

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Contents

Single and Dual Component Systems
62
Combinations of Systems
66
Conclusions and Recommendations
69
Dealing With Late Payments and Defaulted Loans
71
The Collections Process
72
Defaulted Loans and Debt Sales
73
Exiting the Lending Business
75
Your Lending Journey
76

Marketplace Performance
20
Searching the Listings Database
21
Creating and Using a Standing Order
35
Working With Groups
39
What are Groups?
40
Segmenting Borrowers into Groups
43
Selecting Groups for Standing Orders
48
Observations From Experienced Group Leaders
53
Using Multiple Standing Orders
59
Overview of Standing Order Components
60
Taking Your Money Out of Prosper
77
Looking Back on Your Lending Experience
78
A Additional Aspects of PeopletoPeople Lending
79
Social Lending
80
Lending to Family Members Friends and Business Associates
81
List of URLs
82
About the Author
85
Other Happy About Books
87
Copyright

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