Background: I am a lender on Prosper. I have nearly zero debt, my house is almost paid off, and I pay off my credit cards in full every month. My FICO scores are over 800 (including an 850 from Equifax of all places). I also have a Wells Fargo personal line of credit (PLOC) up to 35K at 7% interest.
Out of curiosity over the weekend, I decided to see what Prosper would offer me for a rate on a small 10K loan....which is less than the maximum I ever had invested with them...
I was STUNNED when Prosper offered me 9.78% as their best rate

WTF!?!
How are they offering larger loans to others in the 4-6% range? It just doesn't pass the sniff test!
I was so incredibly insulted by it (combined with the fact that they are now spamming me to complete the loan) -- that I've decided to idle down any further investment in their platform.
I also asked them to remove the "score check" which now shows up as an unfinished loan in the user interface but they are refusing to.
I was willing to stick with them given the lack of liquidity since they are ending their Folio note trading relationship, but FFS, this is the last straw.