Prosper can Prosper by doing the following:
1. Enable lenders to search for blender listings.
2. Including specific income information like LC; instead of $25k to 50k; or 50k to 75k.
3. Including employers name like LC.
4. Going Public- an IPO would generate much needed cash for Prosper and would bring new interest to P2P.
5. Get serious about collection efforts. Unlike LC, Prosper will not pursue defaulted loans through the court system. Prosper can even bring this service in-house as another way to generate additional revenue.
6. Keep lender promotions and have them more frequently throughout the year.
7. Have borrower payments be made on regular intervals instead of sporadically. I know when new loans are issued, 11 a.m. and 7 p.m. central time on the weekdays, but I never know when borrower payments will hit my account.
8. Offer longer term notes.
9. Provide other borrower information including assets, equity in home, and net worth.
10. Provide additional information regarding debts. If a borrower has a 24% DTI and does not have CC debt, I have no idea what the rest of the debt is.