Comments for Personal Loan Portfolio http://www.personalloanportfolio.com Experience with Lending Club & Prosper.com Thu, 13 Oct 2011 20:50:20 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on One Year Review: My Prosper Lending Experience by Sharon http://www.personalloanportfolio.com/388/prosper-p2p-lending-experience/comment-page-1/#comment-2498 Sharon Thu, 13 Oct 2011 20:50:20 +0000 http://www.personalloanportfolio.com/?p=388#comment-2498 I took out several notes with prosper almost a year ago, November 2010. I've had one loan DEFAULT out of 12. That is less than 10%, I don't think that is bad at all. I did a mix: of 6 notes had great credit, 3 were high risk, and three in the middle. I don't check up daily and see who is late, I DON'T give a crap about late as long as I get my fees, interest and principle. I took out several notes with prosper almost a year ago, November 2010. I’ve had one loan DEFAULT out of 12. That is less than 10%, I don’t think that is bad at all. I did a mix: of 6 notes had great credit, 3 were high risk, and three in the middle. I don’t check up daily and see who is late, I DON’T give a crap about late as long as I get my fees, interest and principle.

]]> Comment on One Year Review: My Prosper Lending Experience by Tony http://www.personalloanportfolio.com/388/prosper-p2p-lending-experience/comment-page-1/#comment-2497 Tony Fri, 07 Oct 2011 06:07:26 +0000 http://www.personalloanportfolio.com/?p=388#comment-2497 To update my previous post,I was finally funded for my 3rd loan with Prosper after verifying my income with a pay stub,they told me they tried to call my work to verify my employment got no answer, that's because they called on a Monday I'm in the Restaurant business and that's the only day were closed. So all in all my Prosper experience has been a positive one as a borrower besides the somewhat high interest rates for people with average credit. I would personally recommend them to anyone just make sure your credit is in good standing or you will get killed on interest rates. They pull Experian. To update my previous post,I was finally funded for my 3rd loan with Prosper after verifying my income with a pay stub,they told me they tried to call my work to verify my employment got no answer, that’s because they called on a Monday I’m in the Restaurant business and that’s the only day were closed. So all in all my Prosper experience has been a positive one as a borrower besides the somewhat high interest rates for people with average credit. I would personally recommend them to anyone just make sure your credit is in good standing or you will get killed on interest rates. They pull Experian.

]]> Comment on One Year Review: My Prosper Lending Experience by Elliot http://www.personalloanportfolio.com/388/prosper-p2p-lending-experience/comment-page-1/#comment-2494 Elliot Sat, 24 Sep 2011 02:06:37 +0000 http://www.personalloanportfolio.com/?p=388#comment-2494 I would be very interested on an update on this. Peer-to-peer lending has fascinated me for some time. But knowing exactly the pitfalls of investing is near impossible.... I do hope it's gotten better since you posted this. I would be very interested on an update on this. Peer-to-peer lending has fascinated me for some time. But knowing exactly the pitfalls of investing is near impossible…. I do hope it’s gotten better since you posted this.

]]> Comment on Review of My First Loans with Lending Club by Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/comment-page-1/#comment-2490 Personal Loan Portfolio Sun, 04 Sep 2011 22:17:08 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-2490 David, In my opinion, Lending Club is a good deal as long as you can invest in enough loans that you can spread your risks to reduce default risk on any individual loan. David, In my opinion, Lending Club is a good deal as long as you can invest in enough loans that you can spread your risks to reduce default risk on any individual loan.

]]> Comment on Review of My First Loans with Lending Club by Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/comment-page-1/#comment-2489 Personal Loan Portfolio Sun, 04 Sep 2011 22:15:59 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-2489 Thanks Joe -- I imagine that they have made some updates, but I have moved to Texas, which sadly does not allow P2P investments, so I can't update. Thanks Joe — I imagine that they have made some updates, but I have moved to Texas, which sadly does not allow P2P investments, so I can’t update.

]]> Comment on Review of My First Loans with Lending Club by Personal Loan Portfolio http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/comment-page-1/#comment-2488 Personal Loan Portfolio Sun, 04 Sep 2011 22:13:31 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-2488 Dina, you can find the CEO on the about us page on Lending Club's site http://www.lendingclub.com/public/about-us.action As for the address, it is probably around that page somewhere. If you really need it, I am sure you can find it. Dina, you can find the CEO on the about us page on Lending Club’s site http://www.lendingclub.com/public/about-us.action As for the address, it is probably around that page somewhere. If you really need it, I am sure you can find it.

]]> Comment on Review of My First Loans with Lending Club by Dina Gardner http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/comment-page-1/#comment-2482 Dina Gardner Mon, 29 Aug 2011 21:43:42 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-2482 What is the name, business address of the president/CEO etc, of Lending Club ? What is the name, business address of the president/CEO etc, of Lending Club ?

]]> Comment on Review of My First Loans with Lending Club by BN http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/comment-page-1/#comment-2480 BN Thu, 25 Aug 2011 17:35:09 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-2480 I am not so sure about the relative risks of stock market investments vice P2P. I am very happy with the performance I am receiving with Lending Club, and have pulled a lot of funds out of the market. I didn't do this out of panic. I did this out of a loss of confidence in the leaders that are involved. Wall Street banks? Yeah, right. Check out the bailouts and outright thievery that went on with the subprime disaster. Bottom line, I believe MORE in the average American with a 660 or greater credit score than I do in those that manipulate the stock market for personal gain. I'm not talking about investors or day traders. I'm talking about greedy investment bankers and Fortune 500 companies that would rather ship jobs oversees. I am not so sure about the relative risks of stock market investments vice P2P. I am very happy with the performance I am receiving with Lending Club, and have pulled a lot of funds out of the market. I didn’t do this out of panic. I did this out of a loss of confidence in the leaders that are involved. Wall Street banks? Yeah, right. Check out the bailouts and outright thievery that went on with the subprime disaster.

Bottom line, I believe MORE in the average American with a 660 or greater credit score than I do in those that manipulate the stock market for personal gain. I’m not talking about investors or day traders. I’m talking about greedy investment bankers and Fortune 500 companies that would rather ship jobs oversees.

]]> Comment on One Year Review: My Prosper Lending Experience by Tony http://www.personalloanportfolio.com/388/prosper-p2p-lending-experience/comment-page-1/#comment-2473 Tony Wed, 17 Aug 2011 20:36:31 +0000 http://www.personalloanportfolio.com/?p=388#comment-2473 I have been a borrower of Prosper since 2006 with nothing but good experiences up until now,I was just recently funded for my 3rd loan so I thought... After a couple days I received a post card to verify my address which I did,then a couple days later they asked me to verify my income which I did,I'm still waiting for a response.. My rating is a D which is also weird because I have good credit and I've never missed a payment on my 2 previous prosper loans,I also was never asked to verify anything with my two previous loans. All the verification should be done prior to even posting a loan in my opinion. Then I hear about people who get funded for the first time without verifying anything,here I am been with them since 2006 and now they decide to bust my balls! Makes no sense to be funded for a loan and then you have to go through all the verifying process. I have been a borrower of Prosper since 2006 with nothing but good experiences up until now,I was just recently funded for my 3rd loan so I thought… After a couple days I received a post card to verify my address which I did,then a couple days later they asked me to verify my income which I did,I’m still waiting for a response.. My rating is a D which is also weird because I have good credit and I’ve never missed a payment on my 2 previous prosper loans,I also was never asked to verify anything with my two previous loans. All the verification should be done prior to even posting a loan in my opinion. Then I hear about people who get funded for the first time without verifying anything,here I am been with them since 2006 and now they decide to bust my balls! Makes no sense to be funded for a loan and then you have to go through all the verifying process.

]]> Comment on Buying Loans on Lending Club’s Secondary Market by Paul http://www.personalloanportfolio.com/310/buying-loans-lending-club-secondary-market/comment-page-1/#comment-2462 Paul Sat, 30 Jul 2011 21:16:58 +0000 http://www.personalloanportfolio.com/?p=310#comment-2462 if you click on the "original loan" link in the upper right corner of the loan details, it does take you to the original loan information including the questions from prospective lenders and the answers. if you click on the “original loan” link in the upper right corner of the loan details, it does take you to the original loan information including the questions from prospective lenders and the answers.

]]> Comment on Review of My First Loans with Lending Club by Joe http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/comment-page-1/#comment-2459 Joe Tue, 14 Jun 2011 17:48:37 +0000 http://www.personalloanportfolio.com/26/review-of-my-first-loans-with-lending-club/#comment-2459 This post was a long time ago but you should definitely check back with Lending Club. They have made a lot of the changes you recommended and the site is getting better all the time. This post was a long time ago but you should definitely check back with Lending Club. They have made a lot of the changes you recommended and the site is getting better all the time.

]]> Comment on One Year Review: My Prosper Lending Experience by Prosper.com Reviews – Read Reviews from Prosper.com Borrowers and Lenders | Peer to Peer Lending News http://www.personalloanportfolio.com/388/prosper-p2p-lending-experience/comment-page-1/#comment-2451 Prosper.com Reviews – Read Reviews from Prosper.com Borrowers and Lenders | Peer to Peer Lending News Tue, 24 May 2011 16:43:04 +0000 http://www.personalloanportfolio.com/?p=388#comment-2451 [...] Personal Loan Portfolio – This is a one-year update from an investor that put a small amount of money into Prosper loans. [...] [...] Personal Loan Portfolio – This is a one-year update from an investor that put a small amount of money into Prosper loans. [...]

]]>