What is the best way to attract lenders on Prosper?
JULES asked:
I have placed a listing for a $10,000 loan and have not received any bids. My credit grade is HR due to a bankruptcy 3 years ago. I placed the listing with an interest rate of 35% thinking the higher interest rate would draw lenders. I live in CA. Any advice?
I have placed a listing for a $10,000 loan and have not received any bids. My credit grade is HR due to a bankruptcy 3 years ago. I placed the listing with an interest rate of 35% thinking the higher interest rate would draw lenders. I live in CA. Any advice?
Julie,
I think the best way to attract biders is making your listing as eye catching as possible, and also making it believeable.
The people who are bidding have to be convinced that you are serious about repaying the loan, and that you learned from the bankruptcy and wont repeat those same mistakes.
Mark did a listing to try and get a $2500.00 loan to fix his car, and he didnt get it. He was only 10% funded when the listing expired. I wish you luck & hope you are successful in getting what you need.
Love & Hugs,
Anita