Pensioner Debt Sale Results

Pensioner the former #1 lender on Prosper by amount invested (over $750K at peak) has been generous enough to share his debt sale results with RateLadder and my readers.  Thank you Pensioner. This is important information for the community at large.

All of Persioner’s loans that have been sold were done so via the May 2007 debt sale (he has also had 2 loans go bankrupt.)  Prosper’s reporting of the debt sale results are here: Default Sale History and reprinted below. 

Past Default Sales

Date /
Loans sold
Pricing (% of principal balance)
Dec 2006
51 loans sold
  • 27 – 30%: Homeowners with any credit grade
  • 15 – 18%: Non-homeowners with a credit grade of D and above
  • 3.0 – 3.7%: Non-homeowners with a credit grade of E and HR
May 2007
294 loans sold
  • 16 – 19%: Homeowners
  • 2.4 – 3.3%: Non-homeowners

It looks like Prosper’s own reporting is slightly low. Pensioner had 1 loan sell for 21.8%  However, most of his loans fall into the 2.4%-3.3% bracket.

College student in need
origination 10/26/06
sale 05/31/07
Credit Grade D
DTI N/A
Homeowner No
amount $2,500.00
rate 28.50%
principal repaid $114.04
sale amount $70.86
% paid 3.0%

 

repositioning myself to prosper
origination 10/03/06
sale 05/31/07
Credit Grade E
DTI 103%
Homeowner No
amount $3,549.01
rate 29.00%
principal repaid $125.94
sale amount $100.45
% paid 2.9%

 

Expansion – Socially Responsible Business
origination 9/29/06
sale 05/31/07
Credit Grade D
DTI 37%
Homeowner No
amount $8,068.10
rate 29.00%
principal repaid $535.27
sale amount $212.48
% paid 2.8%

 

Urgent Need For Help From Lenders! 
origination 8/28/06
sale 05/31/07
Credit Grade E
DTI 8%
Homeowner No
amount $4,146.73
rate 28.00%
principal repaid $191.64
sale amount $118.73
% paid 3.0%

 

Business Expansion 
origination 8/21/06
sale 05/31/07
Credit Grade C
DTI 36%
Homeowner Yes
amount $8,450.50
rate 25.00%
principal repaid $1,637.77
sale amount $1,482.56
% paid 21.8%

 

TO ALL LENDERS THAT FUNDED MY LOAN 
origination 8/10/06
sale 05/31/07
Credit Grade E
DTI 12%
Homeowner No
amount $7,450.00
rate 28.00%
principal repaid $475.91
sale amount $205.18
% paid 2.9%

 

Expanding Business
origination 8/406
sale 05/31/07
Credit Grade D
DTI N/A
Homeowner No
amount $6,000.00
rate 26.50%
principal repaid $488.37
sale amount $151.72
% paid 2.8%

 

Import and Distribution of Apparel
origination 7/28/06
sale 05/31/07
Credit Grade D
DTI 13%
Homeowner No
amount $4,634.75
rate 24.00%
principal repaid $478.65
sale amount $109.98
% paid 2.6%
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