Archive for the 'Prosper' Category
New here? You may want to subscribe to the RSS feed or browse the site map. Thanks!P2P Lending has been in the mainstream media news a great deal lately. I decided to post a roundup of many of the recent news articles on Prosper.com, Lending Club, Zopa, GlobeFunder, and Virgin Money. It […]
April 10th, 2008 | Posted in Lending Club, P2P Lending News, Prosper, roundup | 3 Comments
So far all my Prosper.com and Lending Club loans are current. I would be annoyed with loan defaults, but currently the number of borrowers who pay the loan in a month or less is starting to bother me. Why does a borrower bother to take out a loan for one month?
Here […]
April 8th, 2008 | Posted in Lending Club, Performance, Prosper | 7 Comments
Today, I planned to post some interesting information on Prosper.com lending based upon the Webinar (”Using Prosper tools for more effective lending”) that I signed up for with Prosper a few weeks ago. Unfortunately,
March 21st, 2008 | Posted in Prosper | No Comments
I often read that borrowers in one state or another are more likely to default on Prosper loans. I decided to investigate if there is any truth to the likelihood that some states are worse credit risks than others. The example that often comes to mind is Georgia which has a high […]
March 12th, 2008 | Posted in Performance, Prosper, Selecting Loans | 3 Comments
Browsing some Prosper lending statistics at LendingStats.com, I noticed that Pennsylvania loans are exceptionally late. 23% of the loans by dollar volume have already defaulted — despite the low rate cap of 6%. The low rate cap presumably should keep higher risk borrowers from receiving a loan. See Pennsylvania Loans Sorted […]
February 7th, 2008 | Posted in Performance, Prosper | 10 Comments
As I promised, I have extended some loans with Prosper (although I am not quite up to $500 yet). Since everyone can see Prosper loans and which ones I bid on — see my loans at Lending Stats — I decided to have some fun with it by holding a review contest of […]
January 24th, 2008 | Posted in Prosper, Selecting Loans | 3 Comments
My funds arrived to Prosper Marketplace a few days ago. I planned to jump into Prosper and start carefully selecting loans for funding. I browsed a few loans, but I have cold feet.
So I opened my blog to reflect…. Why am I nervous about bidding? I had no problem lending on Lending […]
January 20th, 2008 | Posted in Getting Started, Performance, Prosper | 5 Comments
I started peer-to-peer lending with Lending Club for several reasons, but I will invest my next $500 with Prosper Marketplace loans lat this week due to several factors including increasing interest rates and improving collection efforts.
The recent response to the poll of where to invest my next $500 was great and I followed my promise […]
January 6th, 2008 | Posted in Prosper | 2 Comments
I mentioned previously that the subprime mortgage crisis should impact your personal loan strategy because of the number of desperate people needing just a little quick cash to prolong a slow fall into bankruptcy and foreclosure on their homes. CnnMoney confers with their article on the number of people taking out Payday loans to […]
December 18th, 2007 | Posted in Mortgage Foreclosures, Prosper, Risks in p2p Lending | 4 Comments
Glenn Chapman wrote an article about P2P lending which can be found at Yahoo.com News. Included in the article were Prosper.com, Virgin Money, Kiva, and Zopa. Below are a few excerpts from Glenn Chapman’s article and my comments. Glenn Chapman begins the rehashed material article with a great feel-good tag line:
The […]
December 16th, 2007 | Posted in Kiva, P2P Lending News, Prosper, Zopa | 4 Comments