Prosper.com groups-- What to look for before joining

[threebeansalad]

I'm thinking about getting involved with Prosper.com on the LENDING side. There are a few existing groups I'd be eligible to join. Any comments suggestions, or tips from personal experience to consider?

[poundwise]

There is no reason to join a group as a lender. Groups are for borrowers.

From Prosper.com:

"The foundation of Prosper is based on groups of borrowers..."

"Joining a group can boost your reputation as a borrower..."


You may want to look into what is involved in being a group leader, as there are potential additional advantages, however, I expect that would something you would do later, after some experience as a lender.

[threebeansalad]

Thanks-- that makes sense. I feel like the Prosper site could do a better job of explaining the process and adding an FAQ section. I've learned more about Prosper and the Prosper process from bloggers than from their web site.

[poundwise]

Here is the best page on lending. Besides the basic info it contains, it also has a lot of links on the right to address just about any question.

http://prosper.com/public/help/topic...me_lender.aspx

[TBH]

poundwise is right--lenders don't NEED to join a group, but you can certainly join a group if you like the idea of helping a good group boost its numbers.