A new loan funded (Medical Bills— $9,000 at 17.30%).  I participated via 3 new standing orders: Low Amt — Low DTI — AF, Low Amt — Mid DTI — AF, and Low Amt — High DTI — AF.  Which is this loan was funded as a low amount requested (<$15,000), Low debt to income ratio (<15%), Mid debt to income ratio (<25%), high debt to income ratio (<40%), and was an auto-funding loan.  The borrow had B credit and 15% DTI.  As a reminder my standing orders only find loans with 0 current delinquencies, 10 or less delinquencies in the last 7 years, and 2 or less public records in the last 10.

With this loan I have $3,700 in principal across 59 loans ($62.71 per loan) with an weighted average interest rate of 16.39% and an account value of $3,868.31. Each loan on average is 1.6% of my portfolio with a maximum in any one loan being 3.9%.

Here is the listing:

For the readers that believe in reading the actual description without modification:

Please consider my loan request. I was given a loan (good faith - not on contract) by my former employer (I was laid-off because her ex-husband had in his alimony settlement that he wouldn’t require alimony any longer if she hired him for my position). I now am working as the Director Of Communications at a marketing firm in Santa Monica, CA. I was promoted from an Event Coordinator after 2 weeks on the job. I am paid a salary and have few expenses (my car, computer, etc. is all paid off), so repayment will be consistent. Originally, the money borrowed was needed to pay off medical bills from a root canal that abscessed and put me in the hospital for 5 days. Apparently, my insurance doesn’t cover more than $1,000/yr in dental, so I was stuck with $30,000 in medical bills. All but $7,500 have been paid, so since the case is in peer review and there is no financial obligation (but usually the doctor provides a settlement), the bills need payment. My former employer loaned me the money, but now the review is dragging on and I’ve moved to LA from Orange County. She needs payment quickly. Please help.

Here is a graph of all loans on Prosper with B credit and a DTI of 15% +/-10% and Loan Amount $9,000 +/-$5,000 funded in the last 100 days:

The weighted average plus 1 standard deviation is 14.26%.  The weighted average plus 2 standard deviations is 16.42%.  The weighted average plus 3 standard deviations is 18.58%.  Yowser!  This loan is between 2 and 3 standard deviations better than the weighted average for the last 100 days. This is a great loan rate!!!!  I love standing orders.

What do you think?

• A Worthy E Credit Loan — Please Comment and Decide

• New Loan Funded — paying bills — $5,000 at 26.00% — D Credit — DTI 12%

• New Loan Funded — Financial Freedom / Credit Card Consolidation — $25,000 at 11.44% — AA Credit — DTI 37%

• New Loan Funded — Paying - Bills — $15,000 at 15% — A Credit — DTI 13%

• New Loan Funded — really want to get out of debt — $25,000 at 25.00% — C Credit — DTI 131%

• Science, Medical Collectibles

• Medical Devices Medicine, Dentistry Science, Medical Collectibles

• Medical Paper Medicine, Dentistry Science, Medical Collectibles

• Engineering Science, Medical Collectibles

• Magnets Science, Medical Collectibles

Retireme99 wrote his own intro:

I started lending in May 2006… let the money sit for awhile to see how it worked… then got back into it more actively recently.  Looking at my results I have been happy that only two loans have gone 1+ months late.  I have another couple lurking which worries me.

Plus I am the creator of the wonderful plug-in for Internet Explorer that greatly enhances the user experience of the Prosper website.

RateLadder_com just started using the plug-in 2 days ago.  So far, I like it a lot.  I will have a post on the plug-in in the near future.  Here is a link to the plug-in: http://retireme99.blogspot.com/

Continue reading →

• Prosper IRR Lender “Game” July 07 Update

• Prosper IRR Lender “Game” Jun 07 Update

• Prosper IRR Lender “Game” Apr 07 Update

• Prosper.com IRR Lender “Game”

• Prosper.com Lender Game — RateLadder_com Initial Update — 12.61% to 12.61%

• Initial D Japanese, Anime Animation Art, Characters Collectibles

• Happy Bunny Animation Characters Animation Art, Characters Collectibles

• Happy Birthday Barbie Barbie Dolls Barbie Contemporary 1973-Now Dolls Dolls Bears

• Back of Book Canada Stamps

• Back of Book United States Stamps

Yesterday I received my first donation for which I am truly grateful.  I am humbled and honored.  I am glad other people are finding my Prosper.com blog enjoyable and useful.  I have decided I will pay the PayPal fee and have initiated a transfer to my Prosper Account for the full $25.  I hope I can make a great return on my reader’s generosity and I hope that reader makes a great return on their Prosper account.

Update I have received a second $25 donation.  Thanks and much appreciated.

• Loan to Listing Correlation — 99.8% With 100% Accuracy

• Successfully Added ListingKey to Loan Table

• Mar07 Review of 2007 Goals and Progress Report

• Feb07 Review of 2007 Goals and Progress Report

• Can Prosper Pay Interest?

• Grateful Dead G Rock, Pop Music Memorabilia Entertainment Memorabilia

• People Postcards Collectibles

• Finding Nemo Pixar Collectibles Contemporary 1968-Now Disneyana Collectibles

• Full Runs Comics Collectibles

• Memories of Yesterday Enesco Decorative Collectible Brands Decorative Collectibles Collectibles

It was brought to my attention that my interstitial ads were a bit racy.  Not adult, but questionable for the workplace.  I find that unacceptable and I apologize.  I have turned off all non family friendly advertising.  You need not worry that your screen will display content unsafe for work environments.

• P2P No Bank — Aggregating P2P Lending Blogs — Covering Kiva, Lending Club, Prosper, Zopa, and more.

• Prosper Group RateLadder Update

• Performance Award’s Reader’s Choice… Vote for Prosper and LazyMan

• Prosper Blog Wins 2007 Performancing Reader’s Choice Best Use of a Corporate Blog

• New Prosper Changes Digested

• Work Womens Shoes

• Hard to Find Romance Books

• Young Adult Romance Books

• Hard to Find Romance Audio Books

• Young Adult Romance Audio Books

LazyMan of popular personal finance blog Lazy Man and Money (one of my favorites) and Lazy Man and Health has joined the “game”.  He has been a Prosperite (aka TechnologyGuy) for over a year.  Which also makes him the first oldtimer to join the game.  You can see from his cashflow that he is methodical and disciplined.  Will that help his returns in the long run?

Continue reading →

• Prosper.com Lender Game — RateLadder_com Initial Update — 12.61% to 12.61%

• Prosper.com Lender Game — Pensioner Initial Update — 7.08% to 25.23%

• Prosper.com Lender Game — leporello Initial Update — (10.04%) to 16.61%

• Prosper IRR Lender “Game” Mar 07 Update

• Prosper.com Lender Game — epetroel Initial Update — 12.71% to 15.87%

• Game Used Memorabilia Sports Collectibles

• Video Game Memorabilia Entertainment Memorabilia

• Baseball-MLB Game Used Memorabilia Sports Collectibles

• Basketball-NBA Game Used Memorabilia Sports Collectibles

• Football-NFL Game Used Memorabilia Sports Collectibles

leporello joins the game…  Here is his intro…

I am a top-100 lender (most days), and think that your analysis is super.

I might add that he is a fellow Princetonian and has invested $40,000 into Prosper.

Continue reading →

• Prosper IRR Lender “Game” Feb 07 Update

• Prosper.com Lender Game — RateLadder_com Initial Update — 12.61% to 12.61%

• Prosper.com Lender Game — Pensioner Initial Update — 7.08% to 25.23%

• Prosper.com IRR Lender “Game”

• Prosper IRR Lender “Game” Mar 07 Update

• Game Used Memorabilia Sports Collectibles

• Video Game Memorabilia Entertainment Memorabilia

• Baseball-MLB Game Used Memorabilia Sports Collectibles

• Basketball-NBA Game Used Memorabilia Sports Collectibles

• Football-NFL Game Used Memorabilia Sports Collectibles

In the past I have talked about my technique for adding a ListingKey to the Loan table of the Prosper.com data export.  While I had successfully added the key several weeks ago I hadn’t found an application of the key that I could publish until recently.  A fellow Princetonian and prosper lender suggested that I determine and publish the state default rates.  (This is a hot topic on the forums as many people claim people from Georgia are more likely to default.)  What a brilliant idea.

In order to accomplish you must link from loan to listing to member.  Without adding a listingkey to your loan table this is not possible.

So without further ado here is the best and worst current state default rates for all loans in the data export order by highest percentage of defaults.  This is using data from 2/19/2007 and includes all loans.

Using Only States with at least 70 loans.

Here is the Best 3 by # of Loans:

Continue reading →

• Why Would a Borrower Join a Group? (Prosper Group Analysis Part 1)

• Prosper Standing Order Lending Strategy Updated Post Prosper Days 2007

• Prosper Launches “Real” Facebook App

• Current Delinquency Count for Prosper Loans

• Why Would a Lender Want to Join a Group? — Prosper Group Analysis Part 2

• Table Lamps Lamps Home Lighting

• Table Linens Linens, Fabric Textiles Collectibles

• Table Lamps Lamps Electric Lamps, Lighting Collectibles

• Table Accessories Tableware Housewares Kitchenware Collectibles

• Napkins Table Linens Linens, Fabric Textiles Collectibles

epetroel is the creator and operator of the highly popular Eric’s Credit Community.  He was a fellow presentor at the Prosper Days Thrid Party Application Showcase.  He is an asset to the entire Prosper Community. 

Continue reading →

• Prosper.com IRR Lender “Game”

• Prosper.com Lender Game — RateLadder_com Initial Update — 12.61% to 12.61%

• Prosper.com Lender Game — Pensioner Initial Update — 7.08% to 25.23%

• Prosper IRR Lender “Game” Mar 07 Update

• Prosper.com Lender Game — leporello Initial Update — (10.04%) to 16.61%

• Credit, Charge Cards Trading Cards Collectibles

• Initial D Japanese, Anime Animation Art, Characters Collectibles

• Halcyon Days Decorative Collectible Brands Decorative Collectibles Collectibles

• Democratic Party US Political Historical Memorabilia Collectibles

• Republican Party US Political Historical Memorabilia Collectibles

Pensioner is what he wants to be, it is not what he is.  He has the largest dollar amount portfolio in Prosper with a current account value of well over 800K.  He is an auditor and accountant by trade.  He is local to the San Francisco Bay Area.  In addition, he participated in Prosper Days 2007 on the large lender panel.

Continue reading →

• Prosper IRR Lender “Game” Feb 07 Update

• Prosper IRR Lender “Game” Apr 07 Update

• Prosper.com Lender Game — RateLadder_com Initial Update — 12.61% to 12.61%

• Prosper.com Lender Game — leporello Initial Update — (10.04%) to 16.61%

• Prosper.com IRR Lender “Game”

• Local US Political Historical Memorabilia Collectibles

• Initial D Japanese, Anime Animation Art, Characters Collectibles

• Sand Dollar Shells Rocks, Fossils, Minerals Collectibles

• Halcyon Days Decorative Collectible Brands Decorative Collectibles Collectibles

• Germany Area Europe Stamps

I am RateLadder.  I run this website.  I am compelling because you are reading this.  This blog documents my journey and is a more extensive writeup of what I am doing and why than any I could provide in a single paragraph.  I encourage you to look around.  I encourage you to interact and comment. 

Continue reading →

• Prosper.com Lender Game — Pensioner Initial Update — 7.08% to 25.23%

• Prosper.com Lender Game — leporello Initial Update — (10.04%) to 16.61%

• Prosper IRR Lender “Game” Feb 07 Update

• Prosper.com Lender Game — epetroel Initial Update — 12.71% to 15.87%

• Prosper.com Lender Game — LazyMan Initial Update — (0.93%) to 20.75%

• Initial D Japanese, Anime Animation Art, Characters Collectibles

• Reading Lamps Home Lighting

• Documents Paper Collectibles

• Journey J Rock, Pop Music Memorabilia Entertainment Memorabilia

• Headboard Reading Lamps Home Lighting