Comments on Plugged in Finance: Prosper is Now Easier To Use: Advanced Search Fea...

I did a post on Prosper.com today... let me know y...

2006-05-30T09:19:00.000-04:00

I did a post on Prosper.com today... let me know your thoughts, I'm not that familiar with the site yet... http://thisphiladelphialife.blogspot.com/2006/05/live-long-and-prospercom.html

Claire: I agree! I think prosper can afford to d...

2006-05-24T22:26:00.000-04:00

Claire: I agree! I think prosper can afford to do this.

I might be day-dreaming though to think that they would offer paypal level interest rates.

I think they are not offering the interest because it might encourage users to quickly put their money to work.

Of course, the draw back is that some people will say no-way to letting their money sitting a week or more without collecting interest.

Thanks for this post. Quite useful, since I've pro...

2006-05-24T22:12:00.000-04:00

Thanks for this post. Quite useful, since I've procrastinated looking at the changes for myself. I'm especially excited that you can now jump right to loans closing soon. I hate putting in standing order bids and finding that the loans don't close for 6 days. It's waaaay too long for my money to be sitting around not earning interest.

Which brings me to the one single thing I really wish Prosper could change. I wish my money was earning even a low 1% interest rate while it was not loaned out to other people. It takes so long for funds to transfer that it really makes a dent in what kind of return you can get using the site.