Better Business Bureau Rates Prosper.com a D+
December 14, 2009
Based on Prosper’s operating history and as many as 43 complaints filed with the organization, the Better Business Bureau has provided Prosper Marketplace (Prosper.com) with a rather generous rating of D+ (on a scale from A+ to F).
The complaints filed against Prosper Marketplace covers a wide variety of issues, including false advertising, misrepresentation, unauthorized bank debits, billing errors, failure to honor contracts, failure to respond to phone calls, warranty complaints, etc.
You can read the BBB’s report here.
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I note that the BBB report lists the actions of only two states (Washington & Montata) against Prosper. BBB seems to have missed the actions in most other states, as well as the federal SEC action.