Greebo
N9017H - C172M (1976)
- Joined
- Feb 11, 2005
- Messages
- 10,976
- Location
- Baltimore, MD
- Display Name
Display name:
Retired Evil Overlord
Pilots of America can help you get a 3 year, unsecured loan of up to $25,000.
The Pilots of America group on Prosper.com is here to help you meet your financing needs. If you're looking to borrow money for flight training, for needed maintenance on your aircraft, or to further your pursuit of aviation in any other way, the PoA group may be able to assist you.
Pilots of America members can also help you *and earn interest while doing so* by becoming Lenders on Prosper.com and agreeing to help fund your listing.
Description of Prosper
·Prosper is America’s first people-to-people lending marketplace
·Prosper is a platform where prospective borrowers and lenders can find one another
·Prosper was created to make consumer lending more financially and socially rewarding for everyone
Description of Groups and Group Leaders
·Groups on Prosper are critical to bringing people together for the common goal of borrowing at better rates
·Groups are self-defined and can be any collection of people with common interests or experiences
·Groups earn reputations according to their members’ repayment records
·Groups with successful repayment histories should attract more lenders offering lower rates
·Group Leaders are responsible for organizing their groups and maintaining new membership
Relationship between Groups and Prosper
·Borrowers and lenders do not have to be members of groups to participate on the Prosper platform
·Groups with successful repayment histories should attract more lenders offering lower rates
How Prosper works
·The platform will be intuitive to eBay users who understand the auction-style bidding on loan listings
·Instead of listing and bidding on items, people list and bid on loans using Prosper’s online auction platform
·People who desire a loan must create a loan listing with a description of their request, the amount they wish to borrow, and an interest rate they are willing to pay
·Prosper verifies the prospective borrower’s information and identity, and provides a credit history for lenders who are interested in bidding on the loan
·People who want to bid on loans set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select
Benefits for Lenders
·Lenders directly choose the loans they desire to make
·Lenders can tailor their lending strategies to minimize risk or maximize potential return, often finding rates of return higher than more traditional opportunities
·Lenders can choose to bid socially as well as for financial return through the Prosper platform
Benefits to Borrowers
·Borrowers across the credit spectrum can list for loans at Prosper and can often find interest rates below what they might obtain through credit card companies or as unsecured personal loans
·Borrowers can join groups to increase their possibility of finding lower rates
About the Pilots of America Group
Let us help get you flying, so that you can keep landing at Pilots of America!
The Pilots of America group on Prosper.com is here to help you meet your financing needs. If you're looking to borrow money for flight training, for needed maintenance on your aircraft, or to further your pursuit of aviation in any other way, the PoA group may be able to assist you.
Pilots of America members can also help you *and earn interest while doing so* by becoming Lenders on Prosper.com and agreeing to help fund your listing.
Fact Sheet
Description of Prosper
·Prosper is America’s first people-to-people lending marketplace
·Prosper is a platform where prospective borrowers and lenders can find one another
·Prosper was created to make consumer lending more financially and socially rewarding for everyone
Description of Groups and Group Leaders
·Groups on Prosper are critical to bringing people together for the common goal of borrowing at better rates
·Groups are self-defined and can be any collection of people with common interests or experiences
·Groups earn reputations according to their members’ repayment records
·Groups with successful repayment histories should attract more lenders offering lower rates
·Group Leaders are responsible for organizing their groups and maintaining new membership
Relationship between Groups and Prosper
·Borrowers and lenders do not have to be members of groups to participate on the Prosper platform
·Groups with successful repayment histories should attract more lenders offering lower rates
How Prosper works
·The platform will be intuitive to eBay users who understand the auction-style bidding on loan listings
·Instead of listing and bidding on items, people list and bid on loans using Prosper’s online auction platform
·People who desire a loan must create a loan listing with a description of their request, the amount they wish to borrow, and an interest rate they are willing to pay
·Prosper verifies the prospective borrower’s information and identity, and provides a credit history for lenders who are interested in bidding on the loan
·People who want to bid on loans set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select
Benefits for Lenders
·Lenders directly choose the loans they desire to make
·Lenders can tailor their lending strategies to minimize risk or maximize potential return, often finding rates of return higher than more traditional opportunities
·Lenders can choose to bid socially as well as for financial return through the Prosper platform
Benefits to Borrowers
·Borrowers across the credit spectrum can list for loans at Prosper and can often find interest rates below what they might obtain through credit card companies or as unsecured personal loans
·Borrowers can join groups to increase their possibility of finding lower rates
About the Pilots of America Group
- All group proceeds go to support the Pilots of America website
- Listing approval is required, and you will be expected to be able to verify information on your listing to the Group Leader
- If you choose to apply to Pilots of America, you will be asked to supply supporting information concerning your listing. This information will be kept in strict confidence.
- If your application is accepted, the Group Leader will provide an endorsement (a "vetting") of your listing and create a thread for your listing in the Prosper Review My Listing forum. You will be expected to answer any reasonable questions presented to you in that forum.
Let us help get you flying, so that you can keep landing at Pilots of America!
