Matt at Prosper Lending Review has a great article on Credit Scores on Prosper. 

He goes into various details, but the bottom line is that the average credit score and distribution of credit scores on Prosper is skewed to the low end of the scale compared to the national average.

In addition to the comparison that is made I would like to see a comparison against the loan distribution against the national average.

Some advise to borrowers on Prosper…  Obtain a free credit report, make sure any errors are corrected, and if possible become current on outstanding obligations.

Here is a short exert:

I must say that when I came across this data I was quite surprised by this distribution. Matching the two sets of data together, we realize that E and HR borrowers combined represent only about 11% or 12% of the population (people below 520 cannot currently borrow on Prosper). Nearly half of the population falls into the AA or A credit groups. 

Related Posts

• Prime Borrowing on Prosper Hits Record Levels -- Febuary Marketplace Survey SAN FRANCISCO--(BUSINESS WIRE)--March 11, 2008--Spurred by the credit crunch, attractive rates, and lender demand for conservative assets, Prosper (www.prosper.com), America's largest people-to-people lending marketplace with over 600,000 members and $120 million in funded loans, reported that the number of prime borrowers (720+ credit scores) creating listings and obtaining loans continues......
• RateLadder.com Launches Rate Loan Analyzer I have decided to take RateLadder.com to the next level. Instead of having just static content, I will be launching a series of live crystal reports that run off the nightly prosper data. The first report is the actual Prosper Loan Rate Analyzer that I use when evaluating and reviewing......
• HollowOak Prosper Portfolio I have been tracking the Prosper lender HollowOak for a while.  Initially, it was because when I first started RateLadder he had just started a Prosper Blog as well Money Walks.  While he started strong blogging his post frequency has quickly diminished.  He is latest infrequent posts are on his Lending......
• RateLadder.com will be Presenting at Prosper Days Several days ago I wrote a post entitled Import Prosper.com Listing, Loan, Group, Member Data into Microsoft Sql Server 2000.  I also posted a link in the prosper developer forum.  I circumvented the main problem with the export (rows too large for Sql Server 2000) and posted a how-to (the previous......
• Best of RateLadder 4th Quarter 2007 This is a time of year reflection and goal setting for the year to come.  I think it has been a very interesting and prosperous year. Here are some of my best and/or most popular posts from the 4th quarter of 2007… October 2007: Prosper Files S1 With SEC Prosper Repurchases......

Related Websites

• How to Teach Personal Finance to College Kids The college crowd is among the most active users on the web, one can only hope they find resources like this out there.  We've looked at how to teach personal finance to high schoolers, but how does it differ from the money management skills needed in college and beyond?......
• 8 Credit Myths That Can Affect Your FICO Score Last week I had discussed how you can and should access your credit history report for free to verify there are no errors.  Your credit score plays an integral part in whether you are approved for either a mortgage, credit card and other loans. FICO is the score developed by......
• It's Time to Estimate the Market Value of Your Home We've all been avoiding the scary task of checking on the current market value of our home.  We have read that the median price on sales of existing homes fell 13.2% in one year, the biggest drop in 40 years.  We also know that new housing starts in November were 624,000......
• CDSs Explained In A Way Even A Meth Head Can Understand I love catching up with my mom. She's very interested in the topics I write about on the blog, but she also does a really good job of letting me know where the gaps are in what I talk about and what you may be understanding. I have the same......
• The Ins and Outs of Payday Loans Payday advances are planned to bind borrowers over until the following paycheck reaches its destination. The shortcoming is cash advances include costly fees that make the APR (Annual Percentage Rates) high enough to send you bankruptcy. The advances are distributes after the borrower signs an agreement agreeing to the stipulations......

Online Stores

• National Weather Service Rain Gauges Garden Decor Yard, Garden & Outdoor Living
• Grand National Buick Hybrid Cars & Trucks
• Seated (1837-1873) Half Dimes Coins: US Coins & Paper Money
• National Guard Militaria (Date Unknown) Militaria Collectibles
• Grand National Buick Hybrid Vehicles

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Prosper.com, Statistics

Tags:

azerbaijan, mozambique