Prosper.com Raises Fees

The social lending site Prosper.com raised their origination fee last week. According to Prosper.com:

"The rationale behind this increase is to enable us to better cover our administrative costs and bring our fees more in line with the market."

This price increase applies to new listings only. You can see a comparison of old and new loan origination fees at NetBanker.

Further reading:

• Borrowing at Prosper.com
• Origination Fees - Definition