Entries from June 2006 ↓

Appropriate levels of diversification for Prosper.com lenders

I frequently hear people discussing the inadequate diversification of various lenders’ Prosper portfolios.
Here’s the thing — other than for tax/mental bucketing/liquidity reasons, who the heck should care if your Prosper portfolio is inadequately …

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How I Look at Current Delinquencies, from traveler505

A post from traveler505 on the Prosper.com forums recently caught my eye:

A BK followed by current delinquencies is absolutely a red flag, unless the “now delinq” can be shown to be a reporting error. It is not uncommon for an account that was includ…

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The Nitty Gritty Details

Creating a Loan ListingI found that creating a borrower listing on Prosper.com was amazingly simple and have detailed the process and some advice I’ve gleaned from what I’ve seen on Prosper so far.  [Edit - check Prosper’s Discussion Forums for a …

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Nonattender’s letter to prosper

Making it more clear that I’m quoting a user with the handle of nonattender who posted something interesting on forums, and that I’m not implying that I’m writing a letter to prosper as a nonattender/someone dropping out from the prosper game. :)
I f…

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Becoming a Borrower

The Question of Who?After due consideration of the merits of trying to take out a Prosper
loan, we had to make a few more decisions before putting up a loan listing. 
The first decision was who to put the loan listing under. At first glanc…

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Changing Focus

Should I Become a Borrower?
While talking to my Partner about my Prosper account, telling her about the
payment coming in, a new thought occurred. Should we think about using
Prosper’s borrower services for our own family?
Previously, I had only …

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Payment Made on Loan #1

First Statement Arrives
Yesterday, I received my first Prosper lender statement - detailing that
the first payment on the loan on which I bidded has been paid. My Prosper
account now has a positive balance of $1.85 - the amount I’ve earned back fr…

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Be aware of how much group rewards/leader fees cost over 3 years!

This is intended as a supplement to “Everything You Ever Wanted to Know about Group Rewards, But Were Afraid to Ask — The Long Version.”

First off, “group rewards” are better termed “leader fees.” Even in a 100% shared group, all that happens is tha…

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What to include in the Forums to advertise your listing

What to include in the Forums to advertise your listingDetail current come $_____.___Current budget1)2)3) etc.Net monthly available cash after expenses $____.___Items paid with Prosper loan1)2)3) etcPost (projected budget after consolidation)1) Prospe…

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