Best of RateLadder 3rd Quarter 2007

Lending Club vs Prosper -- The First 100 Days Take 3 Yesterday and the day before, in reaction to Lending Club's post 100 Days and a Million Dollars in Loans! I did a straight comparison on loan volume during the first 100 days and a loan volume comparison with similar scoreX scores (>640). My apologizes for needing a 3rd post to get......
RateLadder IRR/ROI 5/08 Update -- (1.35%) to 15.3% Well another month down... Nothing major happened that would effect my IRR/ROI (like a debt sale.) It was a fairly uneventful month for my Prosper p2p lending account, but it was a good month... My ROI/IRR is higher on 4/5 of my tracking indices (it will be 5/6 when the......
Lending Club Bonus, Higher Interest Rates, and Website Updates Over the weekend Lending Club updated their website and raised the base interest rate 25 basis points. They have an incredible 5% bonus if you lend $5000 or more by February 3rd and a $25 bonus for new members that signup using this link. I like the new account summary......
Borrow Money on Prosper -- Case for Unsecured Debt via Personal Loans Prosper Marketplace, Inc. is a peer-to-peer (p2p) lending marketplace that facilitates 3 year fully amortized loans between lenders and a borrower. A borrower wants to borrow money and lenders want to earn better than average returns. The most typical reasons for loans on Prosper are credit card debt consolidation, small business......
New Loan Funded — really want to get out of debt — $25,000 at 25.00% — C Credit — DTI 131% A new loan funded (really want to get out of debt — $25,000 at 25.00%). I participated via my standing order: Any DTI — AF. Which is this loan was funded as a any debt to income ratio and was an auto-funding loan. The borrow had C credit and 131% DTI. ......

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LendingClub vs. Prosper Recently, I had come across an article about zopa.com and it really peaked my interest on peer-to-peer lending. In researching more about Zopa, I also came across two other major peer-to-peer lenders: Prosper and LendingClub. I researched both Prosper and LendingClub a bit and decided I liked LendingClub better, so......
We just got really close to carrying a balance I felt like we dodged a bullet tonight. I was checking balances on some of my accounts and I loaded up the balance on our primary checking account. I knew it was going to be low. We had had a couple of big expenses (a six-month car insurance premium and......
Hurricane Gustav and Tropical Storm Hanna Roundup Sunday Money Madness is back again this week under the header of the Hurricane Gustav and Tropical Storm Hanna. Rainy and windy weather is about to bombard the southeast again and looks like Louisiana, and Texas are going to take the brunt of the category four hurricane. For those living......
September 2008 Site and Net Worth Review (-8.65%) Net Worth Review September was a rough month! The U.S. economy suffered from the worst financial crisis since the Great Depression. Major failures in our financial system forced the U.S. government to take over Fannie Mae, Freddie Mac, and AIG. On top of that we saw the end of Lehman......
May '09 Update Another month is in the books, this is my my May update for my net worth. I have had a few developments this past month. You will probably notice that while my total net worth increased so did my mortgage balance. We refinanced our 1st mortgage and rolled some of......