What are the downsides of Prosper?

Sure, here's a possible description simulating the tone of a questioner, based on the paragraph about the downsides of Prosper: "Prosper is a popular peer-to-peer lending platform that allows individuals to borrow and lend money directly, bypassing traditional financial institutions. However, there are some potential downsides to using Prosper that investors and borrowers should be aware of. For one, Prosper's lending model relies heavily on credit scores and other financial data to determine loan eligibility and interest rates, which may exclude some borrowers who have less-than-perfect credit histories. Additionally, Prosper loans are unsecured, meaning there's no collateral backing the loan in case of default, which could increase the risk for investors. Furthermore, the platform charges fees for both borrowers and investors, which can reduce overall returns and increase the cost of borrowing. Finally, the peer-to-peer lending market is still relatively new and unregulated, which could pose risks to investors and borrowers alike. So, before using Prosper, it's important to carefully consider these potential downsides and weigh them against the potential benefits of using the platform.