Entries Tagged 'Prosper Days 2007' ↓
October 7th, 2007 — Prosper Days 2007, Prosper Days 2008, Prosper.com
Prosper Days 2008
February 25-26, 2008
Parc 55 Hotel, San Francisco
Here is the registration page: Prosper Days 2008 Registration
Also new this year… If you are a member of the press or a blogger you may attend for free: Press Registration
And for nostalgia here is the video of RateLadder at Prosper Days 2007
Related Posts -
Prosper Days 2008 I am now fully recovered from Prosper Days 2008 and starting to get back into the normal swing of things, but before I get to far removed I wanted to write a quick blog post with my thoughts and observations. First and foremost, it was nice to meet all of...... - Prosper Repurchases A Loan Yesterday, I had one of those bitter sweet moments. Sweet in that a loan I had been writing off in my mind as bad was repurchased by Prosper for the full principal balance. Bitter, because I really believe I am helping people with these loans and yet someone would take......
- Freakonomics at Prosper Days 2008 Stephen Dubner, co-auther of Freakonomics, will be the keynote speaker at Prosper Days this year. Described as a melding of pop culture and economics with more than 3 million copies sold worldwide. It is a collection of economic articles written by Levitt and then translated into prose meant for......
- Prosper.com Lender Game — Pensioner Initial Update -- 7.08% to 25.23% Pensioner is what he wants to be, it is not what he is. He has the largest dollar amount portfolio in Prosper with a current account value of well over 800K. He is an auditor and accountant by trade. He is local to the San Francisco Bay Area. In addition, he participated......
- RateLadder.com will be Presenting at Prosper Days Several days ago I wrote a post entitled Import Prosper.com Listing, Loan, Group, Member Data into Microsoft Sql Server 2000. I also posted a link in the prosper developer forum. I circumvented the main problem with the export (rows too large for Sql Server 2000) and posted a how-to (the previous......
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June 27th, 2007 — Prosper Days 2007, Prosper.com, Statistics
L5 is the 6th largest lender (pick your favorite stats site to verify) and he was on the large lender panel at Prosper Days. I asked him for insights in the aftermath of the latest debt sale that his portfolio might have uncovered. As a smaller lender I don’t necessarily have enough vision to be able to draw the most complete conclusions. He has been forthcoming and generous. Enjoy.
My conclusions:
1. Prosper’s current borrower agreement and collection methods lack teeth in subprime. I knew HR’s would be garbage, but E’s have disappointed, too. I suspect some of this is just macro: subprime is overextended and melting down across the board. Thus, E’s and HR’s are best avoided except in rare circumstances.
2. The higher credit grades are now performing better than mid-credit / near-prime (we already have ruled out subprime).
3. For new investments, AA and A seem best poised for solid (if uninspiring returns); B, C, D would be opportunistically and selectively attractive.
4. Homeowners seem to net $.15/dollar while non-homeowners net $.05/dollar or less. Debt sale amounts have been disappointing to say the least. I think a lot of this has to do with how the Prosper borrower contracts are written and structured — I’ve told Prosper they should have stronger default clauses. For instance, > 3 months late and the whole loan should be callable. This would increase aftermarket bad debt sales amounts, I believe. Ditto there should be more / escalating deadbeat fees.
5. I have been impressed that Prosper has stood behind any loans with bad data and bought them back, I’ve had a few of these. So kudos to Prosper for living up to its identity theft guarantee. This frankly reinforces the higher grade credits where this was one of my bigger concerns — seems Prosper will buy them back in ID theft cases ( i.e., they take full responsibility for ID vetting).
Net for me: I’m going to give it more time to see how my portfolio matures. I expect I will get a high single digit positive return from my portfolio when all is said and done. This is OK (I think I will make money), but probably for me at least not enough of a return to warrant the work that’s involved.
If Prosper changes some of its borrow agreement terms to give them more teeth, I think that would change the game and potentially lure me back in. They just aren’t set up to be bad ass enough to deal with subprime deadbeats at present.
(To be clear, I’ve had some really GOOD subprime borrowers, it’s just that the deadbeat loans are defaulting with a higher % and lower collection figure than I had projected, which washes out a lot of the D and all the E returns I had been modeling.)
Well, live and learn — the community is evolving and I think getting better, net. I just need it to improve a bit more before I’d jump back in.
- L5
Related Posts - Prosper IRR Lender “Game” August 07 Update It is time for the end of August 2007 update of the IRR Lender âGame.â This month saw another debt sale.  Debt sale events typically cause the highest IRR to go down (less absolute potential as loans were sold for a fraction of there worth) and the model IRR to go up (the......
- RateLadder at Prosper Days Day2 I have been playing with the new ROI tool this morning. In some ways it is quite cool, but I don't have a good feel for what it is trying to tell me except stay away from the old HR. No problem there the RateLadder Portfolio is AA-D with a......
- Ayn Rand Indecisive Liberal, Prosper Blog, and Other Prosper Changes Prosper CEO called Ayn Rand an indecisive liberal when compared to Prosper Lenders. In his blog post on money and merit, Chris Larsen uses The Cathedral and The Bazaar to make the argument that p2p lending is toppling cathedrals... I find the Ayn Rand assertion hilarious. And Prosper has an......
- Prosper IRR Lender "Game" Prosper IRR is a tricky calculation. The concept is very simple. The problem lies in how to treat delinquent and late loans prior to the debt sale.  Before loans are late and after the debt sale treating one's account balance is whole. While a loan is late the loan's value......
- Prosper IRR Lender “Game” Jun 07 Update It is time for the June 2007 update of the IRR Lender âGame.â Since the last update there has been a delinquent debt sale. This is a major event for our IRR game and it remove assumptions about defaulted debt by solidifying losses and increasing the cash position. This will cause the......
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March 23rd, 2007 — Prosper Days 2007, Prosper.com
March 13th, 2007 — Prosper Days 2007, Prosper.com
If you missed Prosper Days here are the session videos… Alas, the 3rd Party Tools is not one of the videos… What’s up with that?
http://www.prosper.com/prm/prosper_days/video.htm
And here is the photo gallery…
http://picasaweb.google.com/prosperdotcom/ProsperDays2007
One quick highlight from the photo gallery. Here I am asking Chris Larsen CEO of Prosper, if I heard him correctly and asking for clarification on linking loans to listings… He deftly sidestepped the question.
Related Posts - Prosper com Loan Ordering Feature Request My account has 56 loans originating across 7 months. I regularly go and look at the entire list and attempt to gleam which loans need to make a payment. This task is an exercise in futility. The loans are in origination date order so at any given time there are 7......
- Fed Up with Prosper Non Auto Funding Loans and Lack of Time Left Criteria I have watched my money sit for 8 days only to be outbid in the waning minutes for the last time. I am swearing off of non auto funding loans until such time as Prosper adds a time remaining criteria to the standing order filters. From now on I will......
- Prosper.com and Your Emergency Fund I was reading an article on bankrate.com about Using a CD Ladder as Parking Locations for Your Emergency Fund. One of the big problems with a CD Ladder is the finite number of times you can withdraw money without a fee. Another big problem is length of time it......
- Update On The Deadbeat Lenders -- Prosper Responds Earlier in the week I wrote a post about the lenders and group leaders on Prosper that were also borrowers AND LATE on their loans: http://rateladder.com/2007/02/26/please-close-major-loophole-for-deadbeat-lendergroup-leaders/ Basically I was calling for the impounding of the lender funds to pay loan. Well, Prosper has responded via Prosper Andrew: Hi all,   We're......
- The Complete Guide To Prosper.com A new book on Prosper.com goes on sale today -- The Complete Guide To Prosper.com. I meet the author at Prosper Days and he gave me an advanced copy... I have read it and here are my thoughts... Books are a tough medium for an up and coming ever......
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February 14th, 2007 — Features, Prosper Days 2007, Prosper.com
Previously I had some additional questions for the Large Lenders on the Prosper Days Panel.
Both L5 and now pensioner have responded. I would like to thank them for their insights and generosity of time. As I said about L5, pensioner is a sharp tack and I knew he was thinking correctly, I just wanted to be sure. 
Here is the response:
I probably did give the erroneous impression during my Prosper Days presentation that I thought that rate minus defaults is equal to ROI. I am well aware that that is not true. On the other hand, when I am scanning listings I do use that as a quick and simple approximation. This was particularly true when I was trying to get my first $750K loaned out. I was making large bids on AF listings so I did not spend much time with precise calculations. At times I bid several thousand dollars after reviewing a listing for a little as 10 seconds, if I thought that the listing was going to be snapped up.
I am planning on studying the ROI white paper, but have not yet found time to do that. You also mentioned IRR calculations, which is another thing I plan to explore, but have not yet found the time for.
I enjoyed your presentation. My favorite part was the contrasting opinions from your friend and your wife on the same listing.
If this or any other of my communications to you have value, you are welcome to share them.
pensioner
Related Posts - Rateladder Referral Listing: Guarenteed Money for Simple loan Guarenteed Money for Simple loan This is the cleanest A I have ever seen. I am a little surprised that it is not a AA. Account Verified, DTI 9%, A Credit. CLEAN! Purpose of loan: Supplement stock porfolio for more diversified lending (explain what you will be using this loan......
- 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......
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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...... - Prosper Standing Order Lending Strategy Updated Post Prosper Days 2007 In the large lender panel pensioner state that he focuses exclusively on 20%+ loans and C, D, and E credit grades. While I don't have the risk tolerance for those default rates I thought I should impose a rate floor. I have chosen 15%. I have adjusted all my standing......
- RateLadder.com will be Presenting at Prosper Days Several days ago I wrote a post entitled Import Prosper.com Listing, Loan, Group, Member Data into Microsoft Sql Server 2000. I also posted a link in the prosper developer forum. I circumvented the main problem with the export (rows too large for Sql Server 2000) and posted a how-to (the previous......
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February 14th, 2007 — Features, Prosper Days 2007, Prosper.com
Previously I had some additional questions for the Large Lenders on the Prosper Days Panel.
L5 Returned my email… Here is his response. If you can’t tell L5 is a sharp tack and I knew he was thinking correctly, I just wanted to be sure
Thanks for your nice comments, RateLadder! Really good to hear your thoughts.You are absolutely right that interest rate – default (or delinquent) rate doesn’t equal yield ROI.What I was doing (a year’s worth of data then using 1 – current loan %) was a CRUDE approximation. My point was that even a crude approximation using real data from Prosper is, I feel, more relevant than using the Experian data, especially since I feel zeroing in on extended credit stats is very relevant.Now that Prosper has released their ROI estimate tool based on their portfolio data, this is clearly the benchmark to use. As they just released this on Monday, I’ve only played with it briefly, so don’t have full comments for you on it. But it has the advantage of being able to filter based on all the different attributes of Prosper loans, while also giving much better ROI calculations. Basically there are THREE “deducts” from the average rate column — the three negative numbers — that, as I understand it, you want to sum and deduct from the interest rate proposed by a borrower to get the expected yield.I attended a session where they talked about their methodology for determining the ROI, but I didn’t take detailed notes as they said there was a white paper on the site (or maybe in the forums) that goes into this in details. So I plan to get the white paper and think others who are interested in this should get it and read it, too. (Maybe you can post a link to this on your blog.)The key thing they use in ROI is a technique called “roll rates” which estimate on a go-forward basis (based on past data) what percentage of loans in one category will “roll” to the next (worst) category in the next month. For example, their data right now suggests that 3% of C loans will roll to 1-30 days late each month; of those, 25% will roll to 31-60 days late — i.e., 75% “cure” and 25% remain delinquent. Of those that are 61-90 days late, 80% roll (i.e., don’t pay anything), while 20% don’t roll and remain delinquent. Obviously the roll rates vary based on the characteristics of the loan class being studied — credit grade, extended credit scores, etc. — and you can filter on that. They also factor in early payoffs, which is nice, but I think not hugely relevant to me.They did say that their calculations were different than IRR… I didn’t understand the exact differences, but I think the white paper goes into.So, anyway, find the white paper and you (and I) will have answers. Good questions.Feel free to post this to your blog if it’s useful.
Wishing you the very best,
- L5
L5 appreciates Haiku… So this is for him:
R O I
Rate Minus Default?
No Markov
I will be tracking down this white paper. Prosper Andrew (Top notch. Be nice to him and doors are unlocked. He would do quite well with a donation button. :) responded to a forums request by posting a link in the forums. Here it is: http://www.prosper.com/public/help/topics/lender-marketplace_performance_calculation.aspx
Update pensioner responds: http://www.rateladder.com/2007/02/14/pensioner-responds-avg-rate-minus-default-rate-does-not-equal-expected-return/
Related Posts - Prosper vs Lending Club -- The First 100 Days Take 2 Yesterday, 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. A reader pointed out, Lending Club loans are in a smaller credit band than Prosper and wondered how the 2 compared when that......
- Feb07 Review of 2007 Goals and Progress Report Febuary 07 review of my 2007 RateLadder.com Goals. I have changed my ROI goal to an IRR goal. Feb Year Yearly Status 2007 Year Ending Account Value $3,932.00  On track, but expectation not yet met Internal Rate of Return (IRR) 12.86%  Goal Exceeded New Reinvestment Loans 3  13......
- Portfolio Plans -- The Good, The Bad, and The Ugly I think Prosper is doing some interesting things lately and Portfolio Plans are no exception... A portfolio plan is a series of slices of data that when combined make getting into a diversified investment of Prosper loans extremely simple. There are 4 risk levels for the current plans. Conservative (estimated......
- Auto-funding vs Non-auto-funding AF vs NAF I have already blogged my affinity for standing orders over manual orders.  Given the choice and the current standing order options I would prefer only auto-funding loans, but there are too many good NAF for this to be the correct strategy. With auto-finding loans the interest......
- Prosper Days Day 2 Update The 2nd session was the Big Lender Panel. It was great. Worth the price of admission. The Lenders (with links to their portfolio) were pensioner, L5, and janeybooboo. They are all manual bidders and from the sound of it they spend quite a bit of time vetting the borrowers. The biggest thing I......
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February 13th, 2007 — Prosper Days 2007, Prosper.com, Strategy
In the large lender panel pensioner state that he focuses exclusively on 20%+ loans and C, D, and E credit grades. While I don’t have the risk tolerance for those default rates I thought I should impose a rate floor. I have chosen 15%. I have adjusted all my standing orders to no longer bid on any loan less than 15%. If a standing order had a lower rate for a particular grade I raised the rate to 15%. All other rates remain the weighted average over the last 100 days plus 1.5%.
In addition, I have chosen to add an additional extended credit requirement. I will now only bid on listings that have a debt utilization of 5%-70%. I am not able to test this new assumption using the Prosper ROI performance tool as that information does not exist in old data.
Related Posts - November Prosper Marketplace Survey Released Prosper released the November marketplace survey and coresponding comentary from Chris Larsen... I particularly like the insight in the last paragraph... Of great interest is the anecdotal evidence of prime and near prime borrowers turning to Prosper for loans that would have historically been steered toward mortgage, auto, and home......
- My Prosper Internal Rate of Return Update (End of August 07) = 2.75% This is a RateLadder only IRR update. (An IRR lender âgameâ update is in the works.) I was involved with my first default debt sale. I sold 1 AA loan for 25% of prinicpal. Here is my permanent tracking page: http://rateladder.com/my-prosper-irr/ My Prosper IRR is defined as: Monthly cash flows......
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New Loan Funded — Ethanol Plant — $25,000 at 24% — C Credit — DTI 85% A new loan funded (Ethanol Plant â $25,000 at 24%). I participated via a manual bid, this was an auto funding loan.  The borrow had C credit and 85% DTI. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the...... -
New Loan Funded — home renovations — $25,000 at 19.5% — B Credit — DTI 46% A new loan funded (home renovations â $25,000 at 19.5%). I participated via a a manual bid the loan was NonAutofunding. The borrower had B credit and 46% DTI. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the last...... - My Prosper Internal Rate of Return Update (End of October 07) = (0.57)% This is a RateLadder only IRR update. (An IRR lender âgameâ update is in the works.) Here is my permanent tracking page: http://rateladder.com/my-prosper-irr/ My Prosper IRR is defined as: Monthly cash flows with one extra month using the current account value minus any loans 1 month or more late. Current......
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February 13th, 2007 — Prosper Days 2007, Prosper.com
The 2nd session was the Big Lender Panel. It was great. Worth the price of admission. The Lenders (with links to their portfolio) were pensioner, L5, and janeybooboo. They are all manual bidders and from the sound of it they spend quite a bit of time vetting the borrowers. The biggest thing I took away from it is that they have no problem filling their capacity. The question I would like to ask them that I didn’t is this….
Subtracting the default rate from the interest rate does not give the ROI. (I think they were implying it was an approximation for ROI.) In order to calculate ROI you need to use a Markov model and assume some default characteristics such as default rates over the life of the loan. (Similar to the new performance tool, but I think they are making some assumptions.) Given that I use standing orders what I would rather do is Monte Carlo a Standing Order against the data and see the actual IRR. Are they in fact using a Markov model or similar? And I would love to know what their Prosper IRR is using my definition.
Update L5 responds: http://www.rateladder.com/2007/02/14/avg-rate-minus-default-rate-does-not-equal-expected-return/
Update pensioner responds: http://www.rateladder.com/2007/02/14/pensioner-responds-avg-rate-minus-default-rate-does-not-equal-expected-return/
The morning session (Lender Portfolio Analysis) was kinda blah and I will spare the details… I found it to be a rehash of the forums advice. The new ROI tool was one topic. I learned a little about it’s internals, but I look forward to reading the “white paper”. Here is a link: http://www.prosper.com/public/help/topics/lender-marketplace_performance_calculation.aspx
Related Posts - LazyMan RSS Feeds Prosper Listings Widget ProProsper has extended the Prosper Listing Shockwave Widget to redisplay the top listing of the LazyMan RSS Feeds (LazyMan24H and LazyManAutoFund.) Anybody wishing to display these listings (or any of the other ProProsper RSS Prosper Listing Feeds on their site can -- code at bottom.) LazyMan AutoFund: LazyMan 24H: Here......
- 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......
- Pensioner Responds -- Avg Rate Minus Default Rate Does Not Equal Expected Return Previously I had some additional questions for the Large Lenders on the Prosper Days Panel. Both L5 and now pensioner have responded. I would like to thank them for their insights and generosity of time. As I said about L5, pensioner is a sharp tack and I knew he was......
- Prosper IRR Lender “Game” July 07 Update It is time for the July 2007 update of the IRR Lender âGame.â This is going to be more about accomplishments during the last month rather than pure calculations. The actual numbers are at Prosper.com IRR Lender âGameâ Tracking Page So without further ado: Highest IRR Model: leporello 2.61% Largest IRR......
- Security Message from Prosper Last Night: Group leader on Prosper is subject to a Federal Trade Commission (FTC) settlement Dear RateLadder_com, It has come to our attention that one of the group leaders on Prosper is subject to a Federal Trade Commission (FTC) settlement order that bans him and his related companies from advertising, marketing, promoting, offering for sale, or selling any credit-related goods or services, or assisting others......
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February 13th, 2007 — Prosper Days 2007, Prosper.com
I have been playing with the new ROI tool this morning. In some ways it is quite cool, but I don’t have a good feel for what it is trying to tell me except stay away from the old HR. No problem there the RateLadder Portfolio is AA-D with a B+ average weighting. At first glance, it seems they made some trade offs between ease of use and transparency. Here is the documentation for the ROI calcualtor: http://www.prosper.com/public/help/topics/lender-marketplace_performance.aspx
I think I will be attending the 9am Portfolio Analysis for Lenders and the 10:30am Lender Panel. I am the 6’10″ guy with a beard, please say hello.
Portfolio Analysis for Lenders:
This presentation begins with an expert demonstration of the marketplace performance tools, lender statements and accounting details by the engineers who built them. Then Kirk (CFO) will demonstrate how to use these tools to derive optimum lending portfolio ROI. Attendees will have opportunity to ask questions of the pros.
Lender Panel:
Learn from Prosper old timers in this session featuring several of Prosper’s biggest lenders who will share their personal strategies for lending including:
- What they look for in a listing
- What types of listings they steer clear of
- What pitfalls they avoid in lending decisions
- Their ‘secret sauce’ based on their personal experiences
Related Posts - Authenticated API I think the authenticated API is big news. It signals additional development in an area that will benefit the entire community... I hope that there is much more to come. Here I will quickly run down various things I have done with the API since the inception... First of all......
- Blogging Away Debt Interviews Pensioner (The Top Prosper Lender with over 750 thousand Invested.) I (like many Prosper practitioners) have been following the exploits of one pensioner (click to see his portfolio). To date he has invested over three quarters of a million dollars. Needless to say this guy believes in the law of large numbers. BloggingAwayDebt has a prosper loan as a borrower and recently......
- Prosper Days Day 2 Update The 2nd session was the Big Lender Panel. It was great. Worth the price of admission. The Lenders (with links to their portfolio) were pensioner, L5, and janeybooboo. They are all manual bidders and from the sound of it they spend quite a bit of time vetting the borrowers. The biggest thing I......
- Another Loan Cancelled Automatically by Prosper.com. Thank you!!! I just got an email from Prosper.com cancelling a listing on which I had been a winning bidder because some of the information is the listing could not be verified. (I read this as DTI or Income since the other info comes right off the credit report.) I must say.........
- ProProsper -- Professional Tools for Prosper Lenders Is Now FREE  It's now free and supported via ads and donations.  ProProsper Professional Tools for Prosper Lenders Loan Rate Analyzer Standing Order Analyzer Loan Everlate Analyzer Personalized IRR Tracking Daily Email Alerts Lender Tracking Summaries with Links to Listings Bid On By Lenders You Follow Listing Tracking and Summaries with......
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February 12th, 2007 — Prosper Days 2007, Prosper.com
RateLadder Presentation at 3rd Party Tools Showcase was very well received. I would have liked a little more time for questions and answers, but the fact that people wanted to ask questions was great… I got some laughs and genuinely had a great time. There was probably 60 people at the presentation. If you were at the presentation please leave comments.
Let me back up. Eric Petroelje from Eric’s Credit Community was leading off… unfortunately the wireless connection went haywire right before he started. He handled it very well and started in on his site without visual aids. I was asked to start while they fixed the connection.
This illustrates that you should never give a live demo unless you can control all the variables. Same idea, but I always heard that you should never ask a question you don’t know the answer too.
A couple of undergrad students at Berkley (David McIntosh and ???) presented the data analysis they had done in preparation for evaluating keywords in loans and the results. Their talk focused on loan funding. I would be more interested in default rates. Regardless, they aren’t publishing the results yet for fear borrowers might game the system.
One interesting question I was asked:
Have I ever considered investing for someone else?
The prospect intrigues me, but I don’t see how the economies of scale would work… If I were charge 20% of the profit and I could earn 16% then I would need to be investing just over 3 million (10% of all loans at this time) before I would break 100K in compensation. So I guess I don’t see how someone could afford to pay for my time.
Related Posts - RateLadder.com will be Presenting at Prosper Days Several days ago I wrote a post entitled Import Prosper.com Listing, Loan, Group, Member Data into Microsoft Sql Server 2000. I also posted a link in the prosper developer forum. I circumvented the main problem with the export (rows too large for Sql Server 2000) and posted a how-to (the previous......
- Import Prosper.com Listing, Loan, Group, Member Data into Microsoft Sql Server 2000 Prosper.com makes all publicly available data accessible via a data export. They also provide tools for importing that data into Microsoft Sql Server 2005. What they don't provide is a mechanisms for getting this data into other databases, specifically in my case Microsoft Sql Server 2000. I have succeeded in......
- Capacity is Not a Problem with Prosper.com -- Invest 10K in 1.5 Months on Nothing but Great Loans. I have often wondered if the large lenders have any capacity problems. That is, do they ever find it hard to find loans. I asked pensioner that very question at Prosper Days and his response was, "I moved $750,000 into Prosper in a month and a half, so I would......
- Prosper.com Lender Game — Retireme99 Initial Update — 10.16% to 14.88% Retireme99 wrote his own intro: I started lending in May 2006... let the money sit for awhile to see how it worked... then got back into it more actively recently. Looking at my results I have been happy that only two loans have gone 1+ months late. I have another......
- Why My Emergency Fund is Not in Prosper.com Loans In a previous post I wrote about Using Prosper.com as an Emergency Fund Everybody knows you should have an emergency fund. The fund is to be tapped in times of financial stress. However, individual requirements as to liquidity and size vary on a case by case basis. Personally, without getting......
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