Which will become the dominant person-to-person lending site, zopa or prosper?

View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.

LifeLock Identity Theft Prevention - Save 10%

This idea of spreading out loans over hundreds of people is relatively new, and we have mainly 2 sites trying to cash in on it. Zopa.com and Prosper.com, but which is better? From what i can tell, Zopa seems a little more friendly for lenders, but that's basically the only distinction i can see. Do those credit unions on Zopa make it better or worse and why? Are there any other reasons to pick one over the other?

Which will become the dominant person-to-person lending site, zopa or prosper?

This one sounds like a scam to me. be careful!!!

Which will become the dominant person-to-person lending site, zopa or prosper?

When dealing with regulated industries, such as credit unions, banks, s&l's, their lending practices have to be in line with the governments standards and they follow strict lending guidelines.

Added to that, the fact that they also have to turn a profit for the investors and it is easy to see why banks are so strict as to who can borrow money. If Zopa has any of these highly regulated institutions involved, it will be a long day for them.

Prosper, on the other hand, has individuals as lenders. There are some companies involved, but for the most part it is the individual who makes the decisions as to who they will loan their money to.

Therfore, they can do whatever they feel is in their best interests with their money. Looking at it from that point of view, it is clear that Prosper has the upper hand and will clearly loan out more and earn more!

Which will become the dominant person-to-person lending site, zopa or prosper?

Topic