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 |
|
| May 2007 294 loans sold |
|
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% |
Related Posts -
Prosper Increases Borrower Pricing Lower Credit Grades Prosper implements pricing change for borrowers with credit grades A-HR. The origination fee schedule for borrowers of first and second loans will be as follows: AA 1.00% (no change) A 2.00% B 2.00% C 3.00% D 3.00% E 3.00% HR 3.00% These changes will go into effect for listings created on...... - 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......
-
New Loan Funded — Relocating, Need Quick Cash to Payoff Home Equity Loan — $25,000 at 22% — C Credit — DTI 28% A new loan funded (Relocating, Need Quick Cash to Payoff Home Equity Loan â $25,000 at 22%). I participated via a manual bid the loan was Autofunding. The borrower had C credit, 28% DTI. and is a homeowner. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies,...... - Another Default Debt Sale Prosper completed another debt sale... The details are not yet on the Default Sale History page; however, Prosper Shira did make an announcement on the forums... We completed a debt sale this week which will be evident in participating lender accounts over the next few business days. When a loan......
-
Vintage Curves 04 2008 -- Amount Late By Credit Grade from Origination It is time for my monthly update of the amount late vintage curves... The y axis is the percent of $$ 30 more more days late... the x axis is days from origination. The curves stop when there are less than 250 loans in the bucket. There are ways to......
Related Websites -
When Applying for a Mortgage don't Forget to Calculate your Debt to Income Ratio A buddy of mine is attempting to buy his first home, and learned a very valuable lesson that no one learns about until they attempt to buy their first house. It is a lesson that most people do not think until their mortgage broker tells them the bad news.  I bet...... - How to pay off debt, guaranteed Want to know how to pay off debt, guaranteed? Stop borrowing money. Then pay down your debt. It's that simple. Yes, I am queen of the obvious, but sometimes it needs to be said. People spend all kinds of time working with debt management companies, transferring money from credit card......
-
Will The Economic Stimulus Payments Have To Be Paid Back Now that many have already received their economic stimulus payments, and have figured out what to do with it, I'm seeing a lot of questions asking "Will the stimulus payment need to be paid back?" The quick answer is no. According to the IRS the economic stimulus payment is...... -
Issuer of 79.9% Interest Rate Credit Card Defends Its Product [/caption] by Connie Prater APR Shocks Many, but Issuer Says They Are Pricing for the Risk If you have bad credit in the new era of credit card regulation, be prepared to pay -- dearly -- for the privilege of using credit. That's the message underlying recent credit card offers...... -
Get Out of Debt - Step 6 - How To Get Your Finances Under Control Proverbs 22:7 - The rich rule over the poor, and the borrower is servant to the lender. This article is part of the series How to Get Your Finances Under Control God's word (The Bible) has nothing good to say about debt. While debt or borrowing money isn't a......
Categories:
Prosper.com, Statistics
Tags:
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment