My Prosper Group is proud to present our first listing… This listing is attempting to put the social in social capital. Deep Market also posted the following Social Lending is not Socialism.
He has been a member of my group, following the p2p lending market and commenting on RateLadder for some time.
He is a computer programmer and independently runs the stock market blog Deep Market.
The loan will be a straight forward debt consolidation… Reducing his credit card rates and putting himself on a payment plan will help him eliminate this debt faster…
The debt accumulated from a failed attempt at running his own consultancy… He is back to work with a steady paycheck and cash flow is no longer the issue…
I bid $126.76 @ 1%…
He is in a “moderate” portfolio plan slice at 12.4%… All bids welcome, but if you want to ensure you are on the loan please bid under 12.4% (11.73% as a final rate would have an estimated yield of 8%)…
Here is what prosper says about that slice…
Minimum bid rate: 12.40%
Estimated loss1: -2.59%
Adjustment2: -0.14%
Servicing fee: -1.00%
Estimated return3: 8.67%
Here is the listing.
$25 Bonus For New Lenders
How to Use Prosper Listing Widget for MySpace, Blog, Website, or Other
Other bloggers that are covering this listing (leave a comment or pingback/trackback and I will add you to the list):
Related Posts -
Propser and the Greatest Economic Crises America has Ever Faced? Prosper just released it monthly survey and it included commentary from CEO Chris Larsen. What do you think, is this the "greatest economic crises America has ever faced"? (For my part there is no doubt it is in my lifetime, but I don't see this getting to the level of...... - Prosper Ordered to Cease and Desist by SEC http://www.sec.gov/litigation/admin/2008/33-8984.pdf It appears to me that the ruling is that they have been selling unregistered securities without a license.  What does that mean for the lenders?  Doesn't the board and company officers have some personal liability too? There is some discussion at prospers.org: http://www.prospers.org/forum/prosper_order_to_cease_and_desist_by_sec-t10903.0.html No one seems sure just yet... SEC: UNITED......
- RateLadder Loan And Portfolio Plan Power My Prosper Listing has 1 day left in the auction. I reached 100% funding late afternoon last Wednesday. Today is the final day to bid on my loan request. Short of an Act of God this loan is as safe as they come. My listing fell into the the conservative......
- 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 — Blessings are coming — $10,000 at 26% — D Credit — DTI 84% A new loan funded (Blessings are coming â $10,000 at 26%). I participated via a manual bid the loan was Autofunding. The borrower had D credit and 84% DTI and is a homeowner. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in......
Related Websites - How to Borrow Money from Prosper.com or Lending Club If you have had difficulty in getting a loan from your local bank in the past, getting a loan from a social lending institution may be a better way to get the money that you hope to borrow. The basic concept of peer to peer lending, which is a subset......
-
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...... - Borrowing one's way to prosperity doesn't work Jonathan over at My Money Blog commented on this Wall Street Journal article about Detroit neighborhoods getting hit with foreclosures.He snickered a little at the article, and after reading it myself I was doing pretty much the same thing. Homeowners are caving in under rising payments on their adjustable, subprime......
- Sunday Money Roundup - Stocks and Things Welcome to this week's edition of the SMR. Browse by category for your weekend reading material. What other categories would you like to see here? Let me know - leave a comment! College | Home: Kirberts says you can be in the school you want with affordable student loans. School......
- Main Players In The Forex Trading Market In fact there is a whole world of the investment opportunity that is waiting for you and you can easily enter the world of the Forex trading in order to make some money and change your life completely. In order to make money, it is necessary to know various Forex......
- Deep Seat Cushions & Pads Benches, Chairs & Lounges Patio & Garden Furniture Yard, Garden & Outdoor Living Nursery
- Plan Wooden Planters, Pots & Window Boxes Gardening & Plants Yard, Garden & Outdoor Living
- Plan Hunting
- Deep Sea Trips Fishing
- Deep Sea Books & Video Fishing
Categories:
6 comments ↓
[...] – who runs the RateLadder group on Prosper – did a nice job of reviewing my Prosper loan listing. My Prosper loan is the first loan to be listed with his group and I am determined to make it a [...]
I just put $50 towards the loan.
I remember exchanging some emails with DeepMarket back when he was trying to get a loan and couldn’t due to the rate caps in his area.
Hey Tom – thanks for the vote of confidence! You and RateLadder were very helpful last year when I was fighting with the State interest rate cap for Virginia – you both gave me a lot of excellent advice. We will see if we can get this listing funded.
[...] RateLadder kicked off the loan listing with his review of the loan. [...]
[...] regular reader will know that last week I brought my first group listing to the marketplace. (As an aside, a group leader is no longer paid for successful listings and the haven’t been [...]
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Susan
http://www.car-insurance-choices.com
Leave a Comment