Prosper is looking for people who want to get great rates! I wanted to let you know about a new Lender Promotion that goes into effect today but ends June 30, so don’t delay.

First, what is Prosper?

Prosper is a peer-to-peer lending site. On Prosper, borrowers list loan requests between $2,000 and $25,000 and individual lenders invest ^[2] as little as $25 in each loan listing they select. In addition to credit scores, ratings, and histories, investors can consider borrowers’ personal loan descriptions, endorsements from friends ^[3], and community affiliations. Prosper handles the funding and servicing of the loan on behalf of the matched borrowers and investors.

It’s basically a way to cut out the middle man in many loan scenarios. Instead of a bank paying you a small rate and lending out your money at a larger rate, you and the borrower can somewhat “split the difference.” You and the borrower both get a rate better than what the bank would set for you and Prosper handles all the paperwork.

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New Lenders Get an iPad® 2

That’s Prosper’s ^[4] gift when new lenders invest ^[2] $20,000. Prosper is giving new lenders another reason to invest ^[2] their money through Prosper. On top of 10.4% actual returns, Prosper is giving all new lenders who invest ^[2] $20,000 by July 31, 2011 a brand new Apple iPad 2. Don’t wait – this promotion ends June 30th!
• 32 GB
• WiFi
Your choice of white or black

Get Bose® QuietComfort® 15 Headphones

Have $10,000 to $19,999 to invest ^[2]?
• Acoustic Noise Cancelling® Headphones
• Significant advances in noise reduction
• Comfortable around-ear style

Get A sleek new iPod® nano

For investments of $5,000 to $9,999
• 8GB Multi-Touch display
• 7 colors to choose from

Even if you have less than $5,000 to invest, you can still get great rates, diversify your portfolio, and stay in control of your own investments.

Get Your Investment Portfolio Started with Prosper TODAY! ^[4]

Restrictions apply and you should read and understand all disclosures before you invest. Head over to the Proper site ^[4] to get all the details. But remember: this is a limited time offer and expires June 30, 2011 so don’t delay!

About the author

Ron has written 1083 articles on The Wisdom Journal.

The founder and editor of The Wisdom Journal ^[6] in 2007, Ron has worked in banking, distribution, retail, and upper management for companies ranging in size from small startups to multi-billion dollar corporations. He graduated Suma Cum Laude from a top MBA program and currently is a partner in a national building materials company.

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