Prosper Raises Loan Servicing Fee
Prosper Raises Loan Servicing Fee
Prosper.com raised their loan servicing fee from 0.5% to 1% on loans with credit grades B or lower.
This change by itself has not caused me to reconsider using Prosper.com but doubling the servicing fee has to figure into my ROI calculations for these higher risk borrowers and will certainly tip a lot of borderline loans into my “do not fund” category.
You can see Prosper’s full fee list here.
Find out why your fund went down all of a sudden.