Not all states are created equal. Personal Capital is free, and less than one minute to sign up. You should give it a bigger shot. There are three guiding principles to my P2P lending philosophy. While every person’s risk tolerance is different, the one, more universal idea is that some level of diversification is needed. Comments like David Michael’s make me highly skeptical of P2P. I’ve become much, MUCH more enthusiastic about real estate sourcing now that it’s opened up because 1) there’s a real asset behind the loan or equity investment, and 2) the returns so far have been higher. In addition, Prosper accounts are free, but are assessed an annual 1% fee. The peer-to-peer investment industry is a young one, with no long-term research. This return actually spans 5-10% depending on how much risk you take on. If you invest in a loan and the loan itn’t funded, your money can take weeks to get back. PolicyGenius is the easiest way to find free affordable life insurance in minutes. Eligibility for personal loans up to $40,000 depends on the information provided by the applicant in the application form. It makes peer to peer lending not only a great investment, but also one I rarely interact with on a week to week basis. Prosper has a page called “Browse Listings.” This is like a virtual mall for investors. As of this writing residents in the following states may invest: Alaska, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New York, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming. These bankruptcy protections are quite remarkable. Now, I can just log into Personal Capital to see how all my accounts are doing, including my net worth. In the event of a bankruptcy, the portion of Prosper’s company that holds these loans would split off from the rest of the company. If you’re new to peer to peer lending, this page might seem a bit overwhelming. When I called them questioning the discrepancy, they said they cannot give me info because my account is suspended. “Net Worth” means the total value of all assets, minus the total value of all liabilities. If you consolidate, you will may have a much shorter pay back period, which would increase the monthly payments. A five-year $10,000 personal loan would have an interest rate of 11.99% and a 5.00% origination fee with a 14.27% APR. They’ve had their ups and downs, but at least they are a publicly listed company under immense scrutiny from thousands of investors and the SEC. I also avoid the secondary note market, activity their seems fishy to me, bought loans that looked good but seller knew they would be paid off somehow, lowering my return.