Entries from August 2007 ↓

Prosper referral program extended

August 31st, 2007 — Prosper, Referral from Matt @ Prosper Lending Review

Prosper announced today that it is extending its referral program through December 31, 2007. To date 13,000 new Prosper members have signed up through the referral program. Full details on the referral program can be found at Prosper’s Referral Progra…

Why Lending Club is better than a savings account

August 31st, 2007 — Financial Education, Lending Club, annually, calculator, horrible, invest, range, savings, stuffing, waste from Maneesh Sethi @ Lending Club

When you get your paycheck, why should you invest it at all? Why not just leave it in your savings account?
The major problem is interest rates. Normal banks give horrible interest rates in the neighborhood of well under .5%. With inflation at over 3% annually, your savings account is actually losing you 2.5% of [...]

Top RateLadder Referrers Aug07

August 31st, 2007 — Site Statistics from RateLadder @ Rate Ladder

I would like to say thanks to the blogs that in the last 30 days were the top 10 referrers to RateLadder that are blogs.

Prosper Lending
P2P No Bank
Lazy Man and Money
Hustler Money Blog
P2P-Banking.com
Blueprint for Financial Prosperity
Prosperlicious
Prosperous Land
Psychohistory
Prosper Lenders

Linkfest

August 31st, 2007 — Prosper, default, linkfest from Mike @ Prosperous Land

Some more interesting reading stumbled upon by yours truely…

Lies, damn lies, and statistics in PhD candidate publishes empirical analysis of Prosper:

The results are certainly interesting. One thing that catches my eye is the homeowner determinati…

Related Stores

Swamp Thing Superhero Modern Age 1980-Now Comics Collectibles

Continue reading → Linkfest

Defined Contribution versus Defined Benefit

August 31st, 2007 — Financial Education, Lending Club, benefits, contribution, contributions, defined, plan, plans, salary, workers from Mike Smith @ Lending Club

It’s never too early to start thinking about retirement. When you’re making your plan, it’s important to understand the difference between a defined contribution plan and a defined benefit plan.
The Defined Benefit Plan:
The defined benefit plan that people are the most familiar with is a pension plan. The way it works is that you get [...]

Alternative Income Streams Progress - September 2007

August 31st, 2007 — Alternative Income from Lazy Man @ Lazy Man and Money

With the beginning of the September just a day away, I thought I’d push the monthly alternative income update up one day rather than back 3 or 4 for the long weekend and my Save Money Monday. Last month, the magic word was “perspective” as most of the gains just offset the emergency [...]

P2P lending in a credit storm

August 31st, 2007 — Lending Club, LendingMatch, Prosper, peer to peer lending, techdirt from tom @ Prosper Lending Review

Techdirt is one of my favorite sites. I subscribe to their daily emails, am a member of their Insight Community and love their news analysis. Mike Masnick in particular provides some great economic analysis of niche topics like the RIAA, DRM, piracy, c…

Concensus Ratings

August 30th, 2007 — Lenders from Mike @ Prosperous Land

LendingStats’ has started rating listings based on who’s bid on them.

A few people have inquired about how the “Consensus Rating” is being generated on the Listing Picker page under Lending Strategies. The idea behind the Listing Picker is to iden…

Related Stores

Continue reading → Concensus Ratings

The crossover point

August 30th, 2007 — Financial Education, Lending Club, calc, crossover, en_gb, google, msethi, ppxrdsq5u4zqbwecc01h8va, spreadsheets, stanford from Maneesh Sethi @ Lending Club

The crossover point is a very interesting concept mentioned by Trent over at thesimpledollar.com. I mentioned it earlier in my article on the importance of wealth. I wanted to share with you some resources that will help you calculate your own crossover point.
I built a calculator to calculate this point—it’s got a bit of an [...]

Related Stores

Continue reading → The crossover point

RateLadder Loan Performance According to Prosper

August 30th, 2007 — Prosper.com, Strategy, Tools from RateLadder @ Rate Ladder

I regularly write about the 2 methods of tracking my Prosper performance that I use: Quicken and IRR. It occurs to me that I haven’t said why I need to use these methods; which is to say, why is the Prosper tracking page inadequate.
To start with the easy, Prosper lacks integration with Quicken. This lack [...]

Continue reading → RateLadder Loan Performance According to Prosper

Accessing Prosper’s Performance Data Part 3

August 30th, 2007 — Prosper from Mike @ Prosperous Land

This is the third post in a series on accessing Prosper’s Marketplace Performance engine. Disclaimer: If you’re not at least a bit geeky, this may bore you to tears. That’s the danger of reading a blog run by an engineer.

In the last two posts, I cove…

Risk Tolerance

August 30th, 2007 — Financial Education, Lending Club, gauge, goals, plan, planning, reaching, reward, risk, tolerance from Mike Smith @ Lending Club

I have always considered the tradeoff between risk and reward to be the most fundamental principle in savings and investment. Knowing how much risk you can handle, your risk tolerance, will help you to set realistic goals for your financial achievements. In fact, your desires for your finances may dictate the level of risk you [...]

Related Stores

Continue reading → Risk Tolerance

GlobeFunder’s Online Lending Marketplace

August 30th, 2007 — P2P Lending from John Schoolman @ globefunderventures

GlobeFunder Ventures – a new online lending marketplace is set to launch this October from our headquarters in Kalamazoo, Michigan. We have set our sights on the global micro-loan market, which is pegged at more than $1.1 trillion worldwide. There…

eBay’s MicroPlace readies for launch

August 30th, 2007 — Kiva, Microplace from p2plendingnews @ P2P Lending News

MicroPlace, a US-to-developing world P2P lending platform (somewhat like Kiva) is scheduled to launch some time this fall, possibly as early as September. MicroPlace will let Americans with as little as $100 make a low-interest loan to an entrepreneur in a developing nation through a microfinance institution. The big difference between MicroPlace and Kiva, which [...]

LendingClub raises $10.2M Series A

August 30th, 2007 — Lendingclub from p2plendingnews @ P2P Lending News

On August 23, LendingClub announced that they were about to close a Series A round of funding for $10.2 million from Norwest Venture Partners and Canaan Partners. This first round of venture capital follows a $2 million round of angel investments to date.
Along with the funding, LendingClub announced that Jeff Crowe (Norwest Venture Partners) and [...]

Zopa planning to introduce borrower listings

August 30th, 2007 — Zopa from p2plendingnews @ P2P Lending News

On August 13, Zopa solicited feedback in an online chat for a new feature they’re calling “Zopa Listings”. If you’re familiar with what a listing is on Prosper (basically, a public and personal request for a loan), then you know what a Zopa listing is.
The differences between a Zopa listing and a Prosper listing are [...]

Consensus Ratings

August 29th, 2007 — FAQ, Prosper from LendingStats @ LendingStats

A few people have inquired about how the “Consensus Rating” is being generated on the Listing Picker page under Lending Strategies. The idea behind the Listing Picker is to identify listings bid on by lenders who have good estimated ROIs. The more lenders with good ROIs the higher the consensus rating becomes.
The formula that generates [...]

Related Stores

Continue reading → Consensus Ratings

PeerMint.com: A new Canadian P2P Lending company

August 29th, 2007 — Watching the Industry from Team SLW @ SociaLendingWatch.com - The Social Lending Blog

SLW was recently informed that there is a new Canadian P2P Lending Company on the block! Here is a note from Peermint.com:

Just to let you know, there is another Canadian P2P Lending company on the way. We very excited about entering this space, we recognize the need as much as you and many other Canadians, [...]

What is the best get rich quick scheme?

August 29th, 2007 — Financial Education, Investing, Lending Club, amassing, quick, rich, rule, scheme, wealth, weight from Maneesh Sethi @ Lending Club

If you don’t know the answer by now, don’t forget this. The answer is “none of them.” If there were a simple get rich quick scheme, everyone would be rich by now. Unless you have some super-sized inheritance coming (and you’re willing to help “expedite” its arrival), there is no surefire way to get rich [...]

Tanta On Troubled Borrowers

August 29th, 2007 — P2P Lending from Mike @ Prosperous Land

Tanta over at Calculated Risk (I’m a huge fan) had a very appropriate commentary on borrowers who get in over their heads.

I remain convinced that there’s something wrong with blaming the financially inept for not realizing that they are financially i…

309 late loans sold in Prosper debt sale

August 29th, 2007 — Prosper, debt sale, default, homeowner from Matt @ Prosper Lending Review

Over the past week Prosper conducted their third debt sale. Prosper’s policy is to default loans and sell them once they are more than 3 months late. However, in order to conduct a debt sale they need to pool a significant number of loans together to…

Money as a Limitless Resource

August 29th, 2007 — Lending Club, YouTube, guilt, innovation, limited, limitless, resource, resources, thinking from Mike Smith @ Lending Club

Money is often grouped with resources that are limited, most notably time and natural resources. While similarities do exist between money and limited resources, thinking of money as a limitless resource is a way to broaden your possibilities.
The money that I’m talking about is not what’s in your bank account. That certainly is a limited [...]

Pensioner Debt Sale Results for August 07 Sale

August 29th, 2007 — Prosper.com, Statistics from RateLadder @ Rate Ladder

Pensioner (the former #1 lender on Prosper by amount loaned) has once again been generous in sharing his default debt sale results…
CreditGrade: B
Homeowner: No
Verified Account: Yes
Debt to Income Ratio: 11%
Sale date: Aug-24-2007
Principal balance before sale: $597.37
Proceeds from sale and forfeited group rewards: $91.16
15% of principal
CreditGrade: C
Homeowner: Yes
Verified Account: Yes
Debt to Income Ratio: 28%
Sale date: Aug-24-2007
Principal [...]

Accessing Prosper’s Performance Data Part 2

August 29th, 2007 — Prosper from Mike @ Prosperous Land

This is the second post in a series on accessing Prosper’s Marketplace Performance engine. Disclaimer: If you’re not at least a bit geeky, this will bore you to tears. That’s the danger of reading a blog run by an engineer. This post, specifically, cov…

Genius Types: A Site I Think You Will Like

August 29th, 2007 — Great Sites from Lazy Man @ Lazy Man and Money

If you are a regular reader you know I don’t usually write reviews of other sites. I also don’t accept payment for reviews, so this is review is completely “unsponsored.” I’ve never corresponded with the site’s owner, Brian Lee and he has no knowledge that I am writing this review.
The site I’d [...]

Comparing MyC4 to Prosper

August 28th, 2007 — MyC4, Prosper from AlexBey @ P2P-Banking.com

Researching the MyC4 concept (see previous post) there are some usability features that call for a comparision to Prosper.com:

Auction: The model of Prosper seems much more straightforward to me then the auction model of MyC4. The possibility of bidding above the maximum interest rate as long as the weighted average interest is below it, gives [...]

MyC4 - Microlending for profit to African entrepreneurs

August 28th, 2007 — Denmark, MyC4, P2P Banking Review, africa from wiseclerk @ P2P-Banking.com

Danish startup C4 World on it's platform MyC4 allows lenders to finance micro loans to African entrepreneurs (Afripreneurs). P2P briefly featured the MyC4 plans earlier. The goal is to "eradict poverty through business". The service is currently in beta, but signing up and lending at MyC4 is already possible.
MyC4 differs in its approach from Kiva: At MyC4 [...]

3 Lessons Darth Vader Taught Me About Money

August 28th, 2007 — Lending Club, children, darth, death, imperial, lesson, luke, star, vader from DebtKid @ Lending Club

I know I’m not the only 20-something who has seen each Star Wars movie (the originals, mind you, not the so-so new ones) like 17 times. You would think after watching the Death Star blow up 34 times (Episodes IV and VI) I would know every line by heart. Alas, I’m not quite that nerdy, [...]

Debt Sale Accounting via Quicken

August 28th, 2007 — Prosper.com, Quicken, Tools from RateLadder @ Rate Ladder

In the recent default debt sale I had a loan sold. This is my first opportunity to account for such an event. I use Quicken for my personal finances including my Prosper account (read about it here).
Here are the details of my defaulted loan:
CreditGrade: AA
Homeowner: Yes
Verified Account: Yes
Debt to Income Ratio: 25%
Very Clean Extended Credit
Sale [...]

Another day, another default

August 28th, 2007 — Lenders and lending from zcommodore @ Posts from all blogs

Apparently Prosper wasn’t finished entering in defaulted loans Friday because I got another one yesterday afternoon. I had wondered why it wasn’t included since I hadn’t received any payment since December so it was well within the window for eligible defaults.Anyway, here’s the link to the loan. I got $2.89 out of a principal balance of $47.43 that was owed. When I add up all the payments I received including interest and the debt sale, I got a total of $9.10 which included 3 payments made from my $50 bid. Once again, my pie-in-the-sky 29% interest turned into a 82% loss. Thats the risk I took and I guess I lost this one.The really frustrating thing about this one is not so much the fact that I lost money on it though. She was vetted. She was very chatty on the Prosper forums. She interracted with everyone and made posts that seemed to indicate she was really turning her financial life around and indicated that this loan would help her get over that hump. After I bid, I even got a thank-you note from her.Once her loan originated, she posted a big thank-you where she said “I will not let you down”. The first few months afterwards, she stayed active off and on with updates why she was late on the first payment. She gave advice to new borrowers and seemed to blend well into the community. Unfortunately, things changed towards the end.Right before her December payment was due, she came on saying her mom had posted a loan request. The strange thing was that she used JennyLynn’s forum login to post on the forums instead of getting her own. The explanation was that her mom just didn’t know enough about computers so Jenny was helping her. Fair enough. Her mom’s loan funded so quickly that it didn’t really matter one way or another. I think only one forum regular even bid on her mom.A couple of days after her mom’s loan was funded, JennyLynn went late but eventually caught up for the last time. I got a message from her mom indicating Jenny had gone in to the hospital at some point. I had contacted her mom to see if she knew the status shortly after Jenny went late in January. I thought at the time she might still catch up after she got well but frankly I’m not sure if that wasn’t just a ploy to garner sympathy. It was shortly after the time when a bunch of regulars had gathered money to help another forum favorite who had gone into the hospital make some payments. I don’t know and probably will never find out.I post all this more as a warning to new lenders to watch out for even chatty forum members. Even those who seem to fit in to the community don’t always come through for their lenders. I have no idea if this was just a scam from the beginning or if bad things just conspired against Jenny. Ultimately, the fact that she was HR, I knew from the beginning it could turn out bad. I didn’t understand the risks much then but I had hoped it would be OK.One more thing before I close. I do have a few HRs in my portfolio who were chatty forum members and are paying like clockwork. I wish I could predict better which ones would be good and which ones wouldn’t. Unfortunately the bad ones tend to get all the publicity and ruin it for everyone.

The True Cost of Raising a Child

August 28th, 2007 — Financial Education, Lending Club, child, children, estimate, family, housing, professor, raising, usda from Mike Smith @ Lending Club

While nearly everyone agrees that children are expensive, the true cost of raising a child is a subject of much debate.
The United States Department of Agriculture (USDA) puts out a report on a yearly basis to set the government’s estimate on the cost. Usually, around the same time, you’ll start to see news articles abound [...]

Keeping a Level Head in a Down Market - Should you Stay the Course?

August 28th, 2007 — Psychology from Lazy Man @ Lazy Man and Money

Recently, Trent from The Simple Dollar, one of the best personal finance bloggers I read wrote, Basic Investing In A Down Market (Or Any Time You Feel Nervous). In it he too a question from a reader, Lila, who was nervous about her 401K investments in this market. Trent suggested that she [...]

Accessing Prosper’s Performance Data Part 1

August 28th, 2007 — Prosper from Mike @ Prosperous Land

This is the first post in a series on accessing Prosper’s Marketplace Performance engine. Disclaimer: If you’re not at least a little geeky, this may bore you to tears. That’s the danger of reading a blog run by an engineer.

Prosper has been developin…

Borrowers - tight-lipped or talking one’s head off?

August 27th, 2007 — Prosper from wiseclerk @ P2P-Banking.com

When analysing Prosper.com data it is possible to find out all kind of things. E.g if there are regional differences to how talkative Prosper borrowers are when writing listings.
Prosper's most talkative borrowers live in:

as compared to:

Now, while that was fun, it is not really useful in any way or is it?
When looking at the length of [...]

Watch this Video on Shampoo Science!

August 27th, 2007 — achievement gap, chemistry, family time, higher order thinking, math fears math phobia, science education environment health nutrition, scientific literacy, women in science from Dr-J @ Read about it

=”movie” value=”http://www.youtube.com/v/GX4_3cV_3Mw”>

5 ways to get rich slowly

August 27th, 2007 — 401k, Financial Education, Lending Club, index, iras, mutual, rich, slowly, stocks, young from Maneesh Sethi @ Lending Club

Everyone wants to get rich. How do people actually do it? You could win the lottery, or maybe get a surprise inheritance check, but most people don’t have that sort of luck. So how do average, reasonable people get rich? They do it slowly.
You are probably pretty young right now, so now is the best [...]

Watched the Eclipse? Add your comments!

August 27th, 2007 — H.O.T. skills, achievement gap, home schooling, homework, tips for summer, writing from Dr-J @ Read about it

http://sunearth.gsfc.nasa.gov/eclipse/LEmono/TLE2007Aug28/image/TLE2007Aug28-GMT.GIFWatch the eclipse. Check out the time in your time zone.http://www.timezoneconverter.com/cgi-bin/tzc.tzcExample:10:37:00 p.m. Monday August 27, 2007 in GMT conve…

Related Stores

Eclipse By Publisher Modern Age 1980-Now Comics Collectibles

Continue reading → Watched the Eclipse? Add your comments!

3rd Annual African Microfinance Conference!

August 27th, 2007 — Kiva Microfinance Partner, Maura Lee Burk, Uganda from mburk @ Kiva Blogs from the Field

I had the opportunity to attend the 3rd Annual African Microfinance Conference last week! Over 500 top government officials, academics, policy makers, and representatives from the private and public sector congregated at the Speke Resort in Munyonyo, Kampala for the four day event. Although I learned a lot from the presentations, speeches, and panel discussions, [...]

Save Money on Movies, Music, Television, and Books

August 27th, 2007 — Save Money On... from Lazy Man @ Lazy Man and Money

[Each Monday for the next couple months, I’m going through many of the ways to save money. Read the whole Save Money series.]
I’m opening up the Save Money series with some tips on common forms of entertainment: television, movies, music, and books.

Television - Most people pay some kind of monthly subscription for television. [...]

Default Debt Sale Effect on my IRR Calculation (+4.16%)

August 27th, 2007 — Prosper.com, Statistics from RateLadder @ Rate Ladder

My IRR calculation makes several simplifying assumptions. The most negative assumption is that all loans one month late are worthless. In the debt sale, I received over 25% of the principal. My expectation is that my IRR will go up…
My August 1st update had an IRR of 0.57% on an account value of $8,049.28 and [...]

Related Stores

Principal Secret Anti-Aging Products Skin Care Store

Continue reading → Default Debt Sale Effect on my IRR Calculation (+4.16%)

The Store Card Revisited

August 27th, 2007 — Financial Education, Lending Club, angry, bill, cringed, customer’s, eclipsed, store, trouble, wasting from Mike Smith @ Lending Club

It seems as though the message about store cards hasn’t reached everyone yet, so it certainly warrants further discussion here on the Lending Club blog. I cringed when I heard someone in line ahead of me trying to “save 10%” recently while shopping at a department store.
While the trouble with store cards will be [...]

Save Money Mondays

August 27th, 2007 — Save Money On... from Lazy Man @ Lazy Man and Money

I was looking at my necessary expenses the other day and I realized that I save money in many ways. It shocked me that I hadn’t previously discussed all the ways that I save money. For the next couple of months, come back each Monday for an article about saving money on [...]

Related Stores

Continue reading → Save Money Mondays

My first default

August 27th, 2007 — Lenders and lending from zcommodore @ Posts from all blogs

After participating on Prosper for just over a year now, I’ve got my first defaulted loan. I have several that are likely to be headed that way at some point probably but for now it’s just one.I bid on this loan for a number of reasons.The group leader knew the borrower personally and brought him to Prosper so I felt like it met the “group standard” that was Prosper’s ideal.The reason, to expand his business, made a lot of sense and the product was one in demand.The group leader worked for the customer of the borrower so I figured he should know the market and that it would be consistent.I ignored some of the red flags like the high DTI, current delinquent accounts, and asking for a high dollar amount.In the end, for my $50 bid, I got one on-time payment that netted $1.91 plus the default sale price of $4.05. My pie-in-the-sky return of 23% on investment turned into a 88% loss.I had communicated extensively with the group leader both during the bidding phase of this loan about the borrower’s situation, about how to get a loan, and after the loan originated. He communicated to me the borrower’s situation, that he had gone out of business, shortly after the loan first went late. In my mind, I had already written it off back in January so really, to get the $4.05 back, I’m pretty happy.I had hoped I would get more on the debt sale since the borrower is a homeowner and homeowner loans were going for higher prices than non-homeowners. Unfortunately, the junk debt buyer (JDB) apparently decided to pay more for higher credit grades rather than focusing on homeownership this time so the $10 I had hoped to get (~20%) turned into $4 or ~8%. I guess I will get a little writeoff on my taxes though so that should help a bit as well.

Related Stores

Continue reading → My first default

Prosper Pitching to E-Bay Sellers

August 27th, 2007 — P2P Lending from Mike @ Prosperous Land

I was ready to call it a week and then I saw a post over at Money Smart Life that had a juicy tid-bid. Prosper hosted a workshops through E-Bay targeted toward small business financing. All the people selling random stuff on E-Bay, and Prosper’s lender…

How long does it take to start investing?

August 27th, 2007 — Investing, Lending Club, allocation, asset, hours, index, open, stocks, young from Maneesh Sethi @ Lending Club

How long does it take? An hour or two. All you have to do is open an account at any number of places and put some money in. This article will teach how to open your first investment account.
First things first: you need to see how much money you have. How much liquid, expendable income [...]

Secure Site Under Maintenance

August 26th, 2007 — Lending Club, maintenance, pacific, performing, routine, secure, site, tonight, upgrade from Renaud Laplanche @ Lending Club

As announced yesterday, we will be performing routine maintenance and upgrade on the secure site http://secure.lendingclub.com tonight at 8pm Pacific time. The site will be available again by 9pm Pacific.
Tags
Lending Club

Send post as PDF to

Weekend Personal Finance Review - Boston Sports at their Peak? Edition

August 26th, 2007 — PF Review from Lazy Man @ Lazy Man and Money

My regular readers know that I’m from Boston and that I’m a huge sports fan. I’ve been blessed by seeing the great Celtics teams in the 80s, the Red Sox World Series in 2004, and the Patriots three Super Bowls this decade. The stars may be aligned for 2007-2008 to top all [...]

RateLadder and LazyMan Default Debt Sale Results

August 26th, 2007 — Prosper.com, Statistics from RateLadder @ Rate Ladder

RateLadder had 1 loan in the recent debt sale.
CreditGrade: AA
Homeowner: Yes
Verified Account: Yes
Debt to Income Ratio: 25%
Very Clean Extended Credit
Sale date: Aug-24-2007
Sale reason: Delinquency
Principal balance before sale: $143.87
Loan value before sale: $152.68
Proceeds from sale and forfeited group rewards: $36.63
$36.63 / $143.87 = 25.46% of principal
LazyMan had 2 loans:
CreditGrade: C
Homeowner: Yes
Verified Account: Unknown
Debt to Income Ratio: [...]

The Rat Race

August 26th, 2007 — Rants from LendingStats @ LendingStats

Thought this was amusing.
A boat docked in a tiny Mexican village. An American tourist complimented the Mexican fisherman on the quality of his fish and asked how long it took him to catch them.
“Not very long,” answered the Mexican.
“Well, then, why didn’t you stay out longer and catch more?” asked the American.
The Mexican explained that [...]

Related Stores

Continue reading → The Rat Race

My One Money Advice

August 25th, 2007 — Deep Thoughts from Lazy Man @ Lazy Man and Money

The Digerati Life has tagged me to give my one piece of money advice. The meme was started by

Related Stores

Continue reading → My One Money Advice

Lending Club Borrowers Praise Low Rates, Responsible Credit

August 25th, 2007 — CEO announcements, Series, atlanta, austin, pacific, relax, remarks, sharad, syracuse, weekend from Renaud Laplanche @ Lending Club

Lending Club Members Speak Out Series
We continue to receive many comments from our members. This weekend, we would like to share a few more comments from Lending Club borrowers, who often focus their remarks on Lending Club’s better interest rates, convenience, and more responsible approach to credit.
“It was very easy and straightforward, and [...]

Sunday August 26 Scheduled Maintenance at 8pm Pacific

August 25th, 2007 — Announcements, Lending Club, apologize, hour, inconvenience, maintenance, pacific, scheduled, tomorrow, upgrade from Rex Dixon @ Lending Club

We will be taking the secure site http://secure.lendingclub.com down for about one hour tomorrow night at 8pm Pacific for a scheduled maintenance and upgrade. We apologize in advance for any inconvenience.
Tags
Lending Club,
Announcements

Send post as PDF to

Latest Debt Sale

August 25th, 2007 — forums from Mike @ Prosperous Land

The official announcement forum had the results from the latest debt sale:

We completed a debt sale this week which will be evident in participating lender accounts over the next few business days.

When a loan is sold, it is considered to be a defaul…

Related Stores

Halcyon Days Decorative Collectible Brands Decorative Collectibles Collectibles

Continue reading → Latest Debt Sale

Another Default Debt Sale

August 25th, 2007 — Features, Prosper.com from RateLadder @ Rate Ladder

Prosper completed another debt sale… The details are not yet on the Default Sale History page; however, Prosper Shira did make an announcement on the forums…
We completed a debt sale this week which will be evident in participating lender accounts over the next few business days.
When a loan is sold, it is considered to be [...]

WSJ: Become a loan shark

August 25th, 2007 — Prosper, loan shark, prosper news

Aggregating P2P Lending Blogs

Entries from August 2007 ↓