February 29th, 2008 — , Prosper Days 2008, Prosper.com from LC @ LC's Warm n Fuzzy Prosper Blog
Part 1 - Introduction
So I’ve finally recovered from Prosper’s Prosper Days 2008 conference held this week in their hometown of San Francisco, California.
(Well, I haven’t completely recovered, but recovered enough to at least type without wearing out my backspace key.)
In short, it was a great time. I had the chance to see some folks I met last year at PD07 and meet some new personalities in
Related StoresFebruary 29th, 2008 — Prosper, Prosper income, Statistics, portfolios from Mike @ Prosperous Land
After a strong showing in January, Prosper’s monthly loan totals have dropped to about $5.7 million. With this disappointing return, I started digging through the loan activity to find some likely culprits. I think Prosper is having problems delivering…
Related StoresFebruary 29th, 2008 — CommunityLend, IOU Central from tom @ Prosper Lending Review
IOU Central, the first P2P lender in Canada, has suspended all new loan requests and stopped bidding on loans in order to “resolve a regulatory matter.” This is the announcement on their website:What Functionalities Are Available?Please note that the p…
Related StoresContinue reading → IOU Central halts operations to ‘resolve a regulatory matter’
February 29th, 2008 — China, India, Japan, Korea, Zopa from wiseclerk @ P2P-Banking.com
Some news from p2p lending in Asian markets:
Chinese PPdai.com (see earlier coverage) says it has received a first round of funding from Essentia Private equity. The amount was not disclosed.
On February 27th, Zopa's managing director Giles Andrews mentioned in a webchat "I have also been spending time in Asia and hope that we will launch [...]
February 29th, 2008 — Financial Education, Lending Club, Retirement, factor, leaves, woman, women, workers, workforce, working from Mike Smith @ Better Rates. Together.
Retirement planning is important for all workers today, with the transition from defined benefits to defined contribution retirement plans. Women face an additional factor that makes retirement planning even more important.
This extra factor is the fact that the average woman takes 11 years out of the workforce to care for her family. The time spent [...]
Continue reading → Another Factor in Women’s Retirement Planning
February 29th, 2008 — , Prosper.com, Tools from RateLadder @ Rate Ladder
From Prosper:
Thank you for your patience while we have been working through the recent API and XML issues.
The web service API has been re-enabled and we are monitoring it closely. You may notice that the Prosper calculated ROI numbers are temporarily unavailable. We apologize for any inconvenience this may have caused you and are committed [...]
February 29th, 2008 — Prosper, Prosper upgrade from Mike @ Prosperous Land
Another e-mail showing progress in repairing bugs in the API and XML interface for developers (it’s not working very well at the moment).
Dear So-and-so,
Thank you for your patience while we have been working through the recent API and XML issues.
T…
Related StoresFebruary 29th, 2008 — Lendingclub, US from wiseclerk @ P2P-Banking.com
P2P Lending service Lendingclub.com, which launched last May, today surpasses 10 million US$ in loans. While the total amount is still much lower then the loan volume of competitor Prosper.com (currently over 120 million US$ loan volume) the growth acceleration of Lendingclub is really impressive.
Rob Garcia, Director Web production at Lending Club, told P2P-Banking.com:
This milestone confirms [...]
Continue reading → Lending Club hits 10 million US$ loan volume
February 29th, 2008 — Canada, IOU Central from wiseclerk @ P2P-Banking.com
After being offline for several hours, Canadian IOUCentral.ca is now online again, but with limited functionality. That means that currently no loan listing and bidding is possible.
From the website:
Why Is IOU Central Operating With Limited Functionalities?IOU Central is now operating with limited functionality while we resolve a regulatory matter. IOU Central is acting in a [...]
Continue reading → Breaking news: IOU Central suspended by regulator
February 29th, 2008 — Fun from Lazy Man @ Lazy Man and Money
Every once in awhile a new site will pop up and add to Lazy Man and Money from their blogroll. I’m a little obsessive about checking my Technorati page to see who is linking to me. Yesterday, I noticed that Money Millionaire was one such site.
While the theme isn’t exactly what I would [...]
February 29th, 2008 — Personal Finance Education from Lazy Man @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Has your wallet been so empty that you thought, “There must be something cheaper than Top Ramen. Isn’t there a Middle or Bottom Ramen?” When the technology bubble burst eight years ago, I had that problem. While I felt alone at the time, I now realize that I wasn’t.
I was talking with Joseph Sangl [...]
Continue reading → Living Paycheck-to-Paycheck? Top Five Ways Get Ahead
February 29th, 2008 — Prosper, award, prosper news from tom @ Prosper Lending Review
As announced on the official blog, Prosper joined the likes of Amazon, Walmart and IBM on Fast Company’s 2008 list of the 50 most innovative companies.From the award profile: “Borrowers include stretched homeowners, college-goers, credit-card junkies, …
February 28th, 2008 — Prosper, Prosper upgrade from Mike @ Prosperous Land
This just appeared in my e-mail box
Dear So-And-So,
Prosper is experiencing two issues that may be affecting your applications and code.
1. The web service API has been temporarily disabled due to a performance issue.
2. The…
Related StoresFebruary 28th, 2008 — Editorial from Shane @ Zopa Blog USA
Don’t like reading the fine print? How can we blame you. Most of the time it’s hard to find magnifying glasses strong enough to see it. But don’t be fooled—it’s everywhere, and it sure seems like sometimes it’s there just to take advantage of people with bad eyesight.
The world of financial services–you [...]
February 28th, 2008 — , Prosper.com, Tools from RateLadder @ Rate Ladder
I have been a member of the Prosper developer mailing listing since the list’s inception… This is the 1st instance of using the list. They made the relevant announcement. Kudos! (it is about time) Here is the email…
Prosper is experiencing two issues that may be affecting your applications and code.
1. The web service API has been [...]
Continue reading → Prosper Starting To Use the Developer Mailing List
February 28th, 2008 — , Educational, Financial, money from Eric's Credit Community News @ Eric's Credit Community News
Inspired by a report maintained manually by Prosper lender Fred93 I’ve created a new Loan Aging report. This report shows how loans from each month have performed after 6 months of aging. I’ll be adding more options for customization on this report in the future as well.
Related StoresFebruary 28th, 2008 — Prosper from j9359 @ j9359 (my prosper experience)
I wonder how viable Prosper is at the current loan volume.Looking at the loan stats on LendingStats it looks like February 2008 is going to end up about even or maybe slightly below 2007, lets assume it ends up at about 5.2 million. I believe that P…
Related StoresContinue reading → Is Prosper viable at the current loan volume?
February 28th, 2008 — , Financial Education, Lending Club from Kevan Lee @ Better Rates. Together.
Every February, NFL prospects from colleges across America travel to Indianapolis to be poked, prodded and pored over by pro football scouts. The potential draft picks go through scores of tests that measure everything from body fat to strength, and one bad score could cost them millions of dollars.
Most athletes train for months to get [...]
February 28th, 2008 — About me from Lazy Man @ Lazy Man and Money
For those who are not familiar with Geezeo it’s a newer company that focuses on helping you make smarter financial decisions to reach your goals.
I thought readers here might be interested to read their recent interview with me.
Recommended by Lazy Man: Lending Club - Make money by lending money it to others
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February 28th, 2008 — General from bamalucky @ Posts from all blogs
Our forum prospers.org has lately been over ran with people trying to defend people from creditboards.com.Most lenders in p2p are very familar with what is taught on CB.What is taught is how to cheat creditors,beat them in court,lie,trap them in lawsui…
Related StoresFebruary 28th, 2008 — General from bamalucky @ Posts from all blogs
I’ve applied for a lendingclub loan & was denied. We’re sorry, but based on your credit score, loan amount,
Debt-to-Income (DTI) ratio, and/or other information from your credit
report, we are unable to list your loan request at this time.
[...]
Related StoresFebruary 28th, 2008 — Financial Education, Lending Club, decline, default, discontinue, drop, instances, issuers, practice, universal from Mike Smith @ Better Rates. Together.
I’ve written about universal default in multiple posts over the past few months. Here’s an overview post. Even as some credit card issuers are discontinuing use of the technique, they continue to employ another practice that has the same effect.
For those who haven’t read the prior posts, universal default is the practice of credit card [...]
Continue reading → Universal Default by Any Other Name Still Stinks
February 28th, 2008 — awards, prosper news from Prosper Blog @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Fast Company has named Prosper a Fast 50 2008. The acknowledgement is in the March issue and on their website.
What if people could borrow and lend money to each other without any banks in the middle? That’s the idea behind two-year-old Prosper.com.
…
The idea melds the debt market with online social networking. Lenders can log on [...]
Continue reading → Prosper Named Fast 50 2008 by Fast Company
February 28th, 2008 — Prosper upgrade, feature request from Mike @ Prosperous Land
I’m sure they meant well with the change, but Prosper’s new and shiny marketplace performance user interface is ticking me off. It now takes me 5 times as long to perform a searches and iterations as it used to, and, as a result, I’m bidding less becau…
Related StoresContinue reading → Can I Have My Old Performance Interface Back?!
February 27th, 2008 — Prosper Days, linkfest from Mike @ Prosperous Land
I promise you, the title is much cooler when the Blues Brothers sing it. And on that note, we’re into more Prosper Days Linkfest-o-rama-mania. I guess after all this is over I’ll have to go back to actually writing about something instead of linking to…
Related StoresContinue reading → Head ‘Em Up, Move ‘Em Out, Prosper Days, Linkfest!
February 27th, 2008 — Satire, bidding from j9359 @ j9359 (my prosper experience)
One of my saved searches turned up this one tonight. And it is fully funded, mostly by Portfolio Plan bidding but it looks like some individual bids as well. On my scale of bad reasons to lend money this one would only be beaten out by borrowing to b…
Related StoresContinue reading → Capital for Forex Trading (listing 283396)
February 27th, 2008 — prosper news from ProsperBlogger @ Peer to Peer Lending with Prosper
When you are looking at a listing on Prosper, you used to see 2 icons at the top of the listing, one for homeownership verification and the other was for bank account verification.
The bank account verification icon has now been removed from the site.
People used to view this as a positive sign,…
[...]
February 27th, 2008 — prosper news from ProsperBlogger @ Peer to Peer Lending with Prosper
Prosper has changed the eligibility criteria for borrowers wishing to get a second loan with Prosper.
The minimum amount of consecutive on time payments is now 6 months. Before it was only 2 months. Pre-payments don’t count.
This is a good change. It eliminates the potential for people…
[...]
Continue reading → Criteria for 2nd Prosper Loan has Changed
February 27th, 2008 — Prosper Tips from ProsperBlogger @ Peer to Peer Lending with Prosper
A pair of recent change were made in the advanced search criteria on the Prosper.com website, one has been causing users some confusion.
The first is the ‘disappearance’ of advanced search categories. I think the intention was to streamline the search, but many think the other columns have…
[...]
February 27th, 2008 — , Prosper Days 2008 from RateLadder @ Rate Ladder
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 the wonderful and intelligent people that [...]
February 27th, 2008 — P2P Lending from Lazy Man @ Lazy Man and Money
If you missed Prosper Days - Day 1 Overview, you may find that more exciting than this account of day 2. Yesterday was a half day; I was on my way home before 2PM.
Let’s dig into the things I found noteworthy:
Food - Once again the food stood out. Instead of the [...]
Related StoresFebruary 27th, 2008 — Prosper, portfolios from Mike @ Prosperous Land
Prosper had an interesting disclaimer on their estimated loss information associated with the portfolio plans.
1 Estimated average annualized loss rate based on the historical performance of Prosper loans for borrowers with similar characteristics…
Related StoresFebruary 27th, 2008 — Financial Education, Lending Club, bankrate, cars, dependable, depreciate, foreseeable, sedans, stimulus, toyota from Maneesh Sethi @ Better Rates. Together.
Choosing whether to buy a new or used car is one of the most common debates in the personal finance world. Although I usually tend to argue for buying a used car, I understand where some of the people in the new-car camp are coming from: they desire a car with dependability, a warranty, and [...]
Related StoresContinue reading → Looking for a new car? Look into cheap sedans.
February 27th, 2008 — Defaults, bad debt, debt sale, Prosper, US from admin @ P2P-Banking.com
Prosper Days 2008 took place Monday and Tuesday. Judging from the impressions of attending lenders, who blogged about it, it was a well organised event, but for seasoned lenders there were few news announced. No news about the long awaited secondary market. One blogger sees the Bidding via API function as highlight. Further news is that Prosper will start suing borrowers who defaulted [...]
Related StoresFebruary 27th, 2008 — Fun from Lazy Man @ Lazy Man and Money
…you might want to leave comment on this post. Two people who make the effort to do such a thing may find an e-mail in their in-box. The e-mail may include a code for a free copy of the H&R Block’s Premium Online tax software. Even if you did get the software [...]
Related StoresFebruary 27th, 2008 — Dan Strack, Ghana, P2P Lending from danstrack @ Kiva Blogs from the Field
I’ve been in Ghana now for one month and I realized I’ve been slacking in keeping up my journal, so I’m posting several random experiences I’ve had so far.
On most days I go out with a loan officer to take pictures of clients who are requesting loans for their businesses or have already taken a [...]
February 27th, 2008 — Personal Finance Education from Tricia at Blogging Away Debt @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Back in June of 2006, I became an official my Prosper borrower when my loan for $3,500 was funded by thirteen Prosper lenders. While I loved the concept of people-to-people lending, I also had to make sure that obtaining a loan through Prosper was worth it. Before listing my loan, I made some rough calculations. [...]
Related StoresContinue reading → How Much Money Could I Save By Using Prosper?
February 27th, 2008 — Prosper, Prosper Day's, Video, prosper news from tom @ Prosper Lending Review
ABC 7 has produced a short clip with highlights from Prosper Days. It includes an interview with “Freakoconomics” author Stephen Dubner and lender Marilyn Paguirigan. See our previous post for the rest of Prosper Days coverage by the mainstream media a…
Related StoresFebruary 27th, 2008 — borrowing, lending, prosper news from ProsperBlogger @ Peer to Peer Lending with Prosper
Some good news from Prosper Days 2008 for both borrowers and lenders: Prosper is planning to modify their policy on when payments are pulled from borrowers bank accounts to better match their pay days.
Up until now, the date that a payment is due has always been dependent on the initiation date of…
[...]
Continue reading → Payment dates are going to change to improve loan performance
February 27th, 2008 — lending, prosper news from ProsperBlogger @ Peer to Peer Lending with Prosper
One of the takeaways from “Prosper Days 2008″ is that Prosper is going to start filing law suits for collections of defaulted loans.
Prosper is planning to starting the process slowly, as of today, a total of 5 suits have been filed in California with more on the way once the process is smoothed…
[...]
February 27th, 2008 — General from Amy @ Zopa blog
What a great start to the day. The sun is shining, we are all unscathed after the earthquake last night and to top it off; today Giles appears in The Independent!
According to The Independent, we are one of “The Googles of tomorrow”. In an article which appears in the paper today Robert [...]
February 26th, 2008 — Prosper, Prosper Day's, Video, prosper news from tom @ Prosper Lending Review
The long anticipated Prosper Days 2008 is now over. We have published notes on Chris Larsen’s keynote address. Here is some other coverage around the net:SF Business Times - Prosper CEO sees company benefiting from credit crunch NetBanker - Prosper Hel…
Related StoresContinue reading → Prosper Days 2008 wrap up and a look back to 2007
February 26th, 2008 — Prosper from zcommodore @ Posts from all blogs
Rumor has it that at PD08 today, Prosper confirmed that they still have the $20 Million from the 2nd round of venture capital they received last summer in the bank. Chatting with someone on IRC, they said the numbers they had seen recently suggested …
Related StoresFebruary 26th, 2008 — Prosper from j9359 @ j9359 (my prosper experience)
No secondary market :(A few interesting things from this blog post by Andrew.Portfolio Plans for everyoneI don’t understand why I would have any incentive to share a portfolio planSocial criteria added to searchesyawnBidding via APIMight be interesting…
Related StoresFebruary 26th, 2008 — , Financial Education, Lending Club from DebtKid @ Better Rates. Together.
Looking for valuable information on a variety of personal finance topics? We spent hours collecting the best links on money management, frugality, taxes, investment, credit score improvement, and debt reduction from all over the web.
Bookmark this list and commit to visiting 1-2 links a night. By the time you’re finished, you’ll be an expert! [...]
Continue reading → Cheat Sheet: Ultimate Personal Finance Sites List
February 26th, 2008 — Credit Cards from P2P-Loans.com @ P2P-Loans.com
Wow, oil prices continue to soar and there is not much we average consumers can do about it. I used to spend $30 every week to fill my car up and now it’s running me more like $50 each time (that’s over $80 more per month and about $1,300 per year!). …
Related StoresContinue reading → $100 OIL! How to Cope With $3+ Per Gallon Gas Prices
February 26th, 2008 — P2P Lending from Lazy Man @ Lazy Man and Money
By the time this is published, I should be at day 2 of Prosper.com’s annual conference . I figure this is as good a time as any to give a review of day 1. While there were lots of things that I learned, many of them are deserving of a separate post. [...]
Related StoresFebruary 26th, 2008 — Drew Kinder, Share an Opportunity Microfinance Ltd., Uganda from Drew Kinder @ Kiva Blogs from the Field
I am writing from Buffalo NY upon the completion of my three month commitment as a Kiva Fellow in Uganda. I want to use my final post on the Kiva Fellows Blog to thank the people who made this one of the most significant and rewarding experiences of my life.
KIVA.ORG: First, thank you Matt and [...]
February 26th, 2008 — Financial Education, Lending Club, advice, discussion, fellow, matter—money—, milk, shoppers, strangers, unsolicited from Mike Smith @ Better Rates. Together.
Speaking about money and finances seems to remain taboo, despite the many other topics gaining acceptance by society. The only way to break that trend is to simply start talking more openly about it.
As I’ve stated in many previous posts, I use my credit card for nearly all of my purchases. I only allow myself [...]
Continue reading → Lack of Financial Advice from Fellow Shoppers
February 26th, 2008 — Book Review from Lazy Man @ Lazy Man and Money
It is the opinion of many, many people that Rich Dad, Poor Dad is the worst personal finance book. It is widely considered the Gigli of personal finance books. That said, there are some strong supporters of the book, but they appear to be in the minority.
If it’s possible to learn from what [...]
Continue reading → Three Things that I Learned From the “Worst” Personal Finance Book
February 26th, 2008 — General from Amy @ Zopa blog
We saw an article today which tickled our funny bone. There appears to be a spate of malfunctioning doors hitting banks around the country. The latest sees a man being locked in his bank for over an hour and a half. This comes after a 5 year old boy walked into a ‘closed’ bank [...]
Related StoresContinue reading → Watch out for those malfunctioning doors.
February 26th, 2008 — Prosper Days, linkfest from Mike @ Prosperous Land
Since I’m not actually at Prosper days, I have to vicariously live-blog from home. Consider this a Prosper Days linkfest. If you’re looking for staying up on what’s happening, try IRC. I’ll post more as the reports roll in (right after the late night p…
Related StoresFebruary 25th, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor
Two years in a row, Prosper CEO Chris Larsen has used his keynote address at Prosper Days to announce progress in Prosper’s fight against fraud. In 2007, he announced the first arrest of a suspected fraudster, and, this year, the first conviction. Acc…
Related StoresFebruary 25th, 2008 — Prosper, Prosper Day's, prosper news from tom @ Prosper Lending Review
Here are a few notes from Chris Larsen’s Prosper Days keynote address.Prosper provides strong loyalty and strong diversification Shared several success stories of prosper loans (Soldier loan consolidation, loan for a toy business, super prime home impr…
Related StoresContinue reading → Prosper Days 2008: Keynote from CEO Chris Larsen
February 25th, 2008 — Prosper, secondary market from j9359 @ j9359 (my prosper experience)
Prosper doesn’t seem to be ready to roll out the secondary market. Something that was widely anticipated for Prosper Days 2008 was the secondary market. But according to this news account we are going to have to wait some more:”Prosper plans to event…
Related StoresContinue reading → Still waiting for Secondary Market on Prosper
February 25th, 2008 — Prosper, Prosper Day's, fraud, prosper news from tom @ Prosper Lending Review
Here’s the first mainstream media report on Prosper Days:SF Business Times - Prosper CEO sees company benefiting from credit crunch”Prosper CEO Chris Larsen said Monday that the San Francisco company is benefiting from the credit crunch that’s sending …
Related StoresFebruary 25th, 2008 — Prosper Days from Mike @ Prosperous Land
Prosper Days is in full swing in San Francisco. In addition to a number of new features rolled out for PD like user-customizable portfolios, more search criteria, interest rate changes, and a host of other tweaks, attendees get to chew over the minutia…
Related StoresFebruary 25th, 2008 — , PayPal, Referral, Revolution Money from tom @ Prosper Lending Review
A couple days ago I found out about Revolution Money Exchange, a competitor to PayPal. It offers a $25 sign-up bonus. I know that many of my readers were initially attracted to Prosper or Lending Club based on sign-up bonuses so I decided to share Revo…
Related StoresContinue reading → Why does Revolution Money require my social security number?
February 25th, 2008 — Credit Cards, Prosper from P2P-Loans.com @
