Best of RateLadder 2nd Quarter 2007

Prosper Discontinues Group Payment Rewards Hallelujah! Hallelujah! Hallelujah! I never placed much stock in Groups. Decoupling Groups from money turns them into what they should be... social networking. Here is the announcement email which I received because I am the group leader of Group RateLadder... Dear Kevin, At Prosper, we have been listening to your......
Rateladder Referral Listing: deck and bills pay down deck and bills pay down This is an example of what not to do if you are an E. First of all, an E credit borrower does not have good credit and so you are already swimming upstream so to speak. The borrower is a homeowner and a 21% DTI......
What Kinds of Prosper Loans Should a Newbie Lender Invest One of the things I am most proud of in my lender experience on Prosper was my initial fear. I feared losing the money I was lending. As a result, I thought I was being extremely cautious as to which loans I invested. My Portfolio is very much AA-C (I......
Update: RateLadder Prosper Listing Request Reaches 100% Funded Sometime late afternoon on Wednesday (1/30/08) my loan reached 100% funding. This is a critical first step in getting a Prosper loan. Without reaching 100% funded you cannot get a Prosper loan. Reaching 100% funded should be the 1st goal of an Prosper borrower and the tools for reaching 100% should......
RateLadder Lauches Prosper Group Focussed on Borrower Success As a dedicated and fanatical lender I have been trying to climb up the RateLadder. Put my experience to work for you, allowing you to climb down the RateLadder and obtain the best possible loan rate for your listing. Membership and Listing Requirements How dedicated? How fanatical? I have been......

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Making Extra Money With P2P Lending Peer to Peer lending is quickly becoming one of the hottest new ways to create multiple streams of income. While there is risk involved, there are various methods that can reduce the risks that individual investors face and provide protection against non-payments. If you're looking for an potential way to......
Moolanomy weekly roundup #11: "Investing" edition This week money lesson was about investment vehicles, so I think it's appropriate to have an investing themed weekly roundup. Also, I wrote "The Weak Dollar is Killing Americans' Wealth" for Consumerism Commentary last Thursday, please give it a read if you missed it. Here are some excellent posts about......
Should You Borrow To Refinance Your Home Loan? I came across Borrowing 401k Savings to Refinance Mortgage at Trees Full of Money. The article was mathematically interesting, and it's worth analyzing this because many Americans are in a similar predicament. Here's the premise: A couple wants to refinance their mortgage from a 30-year fixed at 6% APR loan......
Should You Agree to Escrow Accounts With a large number of people in America currently trying to refinance their mortgages it begs the question should you allow the lender to manage the escrow account? A friend recently refinanced his mortgage and opted out of escrow accounts with his lender. At first I thought this was some......
Alaska Crab Jobs Drop, Maintains Place as Top Fishing State While Alaska does continue to hold its own as the No. 1 fishing state in the Nation, employment in the crab fishery industry has dropped by a substantial amount because its fisheries for crab are privatized, according to economists in the state. So while salmon fisheries are providing an abundant......