Spending in Notes
Much like other P2P platforms, once you spend with Prosper, you donвЂ™t actually purchase entire loans. Alternatively, you spend money on little slivers of the loans, named вЂњnotes.вЂќ The records are in denominations of $25. Which means that you are able to spread an investment of $1,000 across up to 40 loans that are different.
You buy records by looking through loan listings waiting for money. You certainly can try this either manually, or through one of many automated services outlined below. Read more