Even though Prosper has the higher earnings its losses are greater. Bear in mind the loans on Prosper have been running twice as long as my Lending Club loans, hence more opportunity for loans to fall behind.L
Well, we spend around $50 attracting a new customer anyway so instead of making an ad agency richer, we thought it would make more sense to let you invite your friends and deposit $50 in their account, make them $50 richer and make you look good in the process!
As a trader I can review loan payment history and credit score changes since the date the loan was issued, as well as the original loan listing. I can buy Notes that have a shorter time period to maturity. I may be able to find Notes priced below their fair value. And it is the seller that pays the 1% trading fee.
When I search for loans in which to invest I check A, B, and C which correspond to average interest rates of 8.30%, 10.83%, and 12.41%. I leave the Credit Scores and Debt-to-Income Ratios as is. I check zero delinquencies and all loans that are in funding. After the search I sorted on “Interest Rate”.