Anyone want to venture a guess how many loans Prosper will fund with their own money? If they ever reopen,it will be a shell of their former self. Good riddance to bad rubbish.!
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Prosper is dead to lenders
October 15th, 2008 — , General from bamalucky @ Posts from all blogs
Loanio is a scam
October 12th, 2008 — , General from bamalucky @ Posts from all blogs
My account was hacked & the site can’t even figure out how it was done,nor can they even take the things down the hacker put up.I requested my account be deleted but they haven’t done that.But they have figured out how to delete my comments from their …
My loanio information was hacked
October 10th, 2008 — , General from bamalucky @ Posts from all blogs
Someone sent me an anonymous email telling me they had hacked my loanio & sure enough,I logged in & someone has uploaded a pic & text to my page.There was also a problem with the questions from lenders display,so I told them about that too.They replied…
Zopa has lost my CD’s
October 9th, 2008 — , General from bamalucky @ Posts from all blogs
I got worried about my Cd’s so I called my Credit Union.They only have one CD on file for me.I’m missing $52,000 in Cd’s that are somewhere between Zopa & my CU. Thank you Zopa.3 years of hype followed by 8 months of total bullshit & lies.
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Zopa has shut down in USA
October 8th, 2008 — , General from bamalucky @ Posts from all blogs
Dear ME,
You invested money into a certificate of deposit with a
partnership we established with Zopa. With recent changes in the American
economic environment, Zopa has made the decision to discontinue their operations
in the United States. We want…
Somethings rotten at Zopa!
October 8th, 2008 — , General from bamalucky @ Posts from all blogs
I just received this weird email From: Gwen Lohrke To: XXXXCc: Gwen Lohrke Subject: Important Information About Your Zopa Certificate Date: Oct 8, 2008 4:34 PM Attachments: logosig.jpg Blank Bkgrd.gif Nothing in it..So i call Zopa..This…
Dear Fed:
October 6th, 2008 — , General from bamalucky @ Posts from all blogs
If you cut interest rates,forcing CD’s lower,i & other Americans will take all our money out of the banks & put it in our mattress,so cutting rates will backfire.There is no soft landing,suck it up & let these poorly ran businesses go bankrupt.
[...]
Testing loanio.com with a borrow request
October 1st, 2008 — , General from bamalucky @ Posts from all blogs
Yes,it’s that time of year again that i find myself short of cash & need a loan.I’ve got no credit so my wife is co-signing my request over at loanio.com https://www.loanio.com/loans/view/NQ==
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Loanio.com sucks already
October 1st, 2008 — , General from bamalucky @ Posts from all blogs
They only have 1 borrower & her score is better on loanio.com than it is on her duplicate Prosper listing & we all know how bad Scorex sucks.She’s a D on Prosper.C at Loanio. Kinda a bad omen to see such a shitty thing roll out as the very 1st…
[...]
Dear Congressman
September 28th, 2008 — , General from bamalucky @ Posts from all blogs
I wont bother you with my thoughts on the bailout.But I do want to let you know, if you vote for it, I will be voting against you on November 4.Very Truly Yours,Your Constituent
[...]
Dear Zopa
September 2nd, 2008 — , General from bamalucky @ Posts from all blogs
Dear Zopa,
Your product for “lenders” is no longer competitive.3.75% one year CD isn’t in the ballpark with other internet rates. The novel idea of Zopa just isn’t worth it when last week,WAMU had a 5% one year CD on offer.Several rates above 4.5% ar…
AA credit is the only grade left that will return a profit on Prosper
August 23rd, 2008 — , General from bamalucky @ Posts from all blogs
Using March 1 2006-March 1 2008 to screen out early loans from Prosper employees to themselves on the early date & the later date to give the loans a few months to age returns information that only AA loans are not negative return when you factor in la…
Continue reading → AA credit is the only grade left that will return a profit on Prosper
Prosper CFO late on his own loan
August 18th, 2008 — , General from bamalucky @ Posts from all blogs
http://www.prosper.com/about/management/kirk_inglis.aspx Late on his loan.He also changed his user name a few days ago & cancelled a second fully funded listing or Doug Fuller aka fraudman did. Weird times at prosper.com Discussion of his user name …
My blog voted #1 P2P lending blog
August 17th, 2008 — , General from bamalucky @ Posts from all blogs
The results are in.After a week long vote off here http://chat.prospers.org/ (free IRC web chat)My blog was voted #1. My blog is mostly about prosper.com.My blog receives more hits than even the “official” Prosper blog. Total visitors for last week we…
Prosper defaults top $20 million
August 16th, 2008 — , General from bamalucky @ Posts from all blogs
12% of all money loaned on Prosper has now defaulted,or reclassified by them as “charged off”2 “key” employees are MIA.Shira & John Witchel. p2p lending aka person to person or peer to peer isgone too.Prosper now lets borrowers list with a generic loa…
Online StoresProsper co-founder gone? Fired/Quit/Hidden?
August 15th, 2008 — , General from bamalucky @ Posts from all blogs
2 weeks ago I blogged about a prior felony arrest of co-founder John Witchel.His name has been removed from the website & someone else has been give his title of CTO Here is the current page http://www.prosper.com/about/management_team.aspx Here is t…
Continue reading → Prosper co-founder gone? Fired/Quit/Hidden?
Prosper debt sales go the way of the Dodo
August 14th, 2008 — , General from bamalucky @ Posts from all blogs
From the lender registration agreement.There are no more defaulted loans on Prosper.Take a look at the performance tab.http://www.prosper.com/lend/performance.aspx You authorize Prosper to offer for sale and sell your Notes that become over 120 days p…
Continue reading → Prosper debt sales go the way of the Dodo
I have an AA blender loan thaat is late $2500.00 bid
August 5th, 2008 — , General from bamalucky @ Posts from all blogs
Thats right.This lender who is also a borrower is late.In 2007 Andrew promised us that they would find a way to get the money from lender accounts to pay if the lender who became a borrower was ever late.It hasn’t happened yet.It’s a California loan.Ma…
Continue reading → I have an AA blender loan thaat is late $2500.00 bid
Prosper co-founder John Witchel arrested on felony charge
August 1st, 2008 — , General from bamalucky @ Posts from all blogs
Thats right John Witchel arrested!
STANFORD — Stanford police have arrested a student on felony charges
stemming from a smokebomb incident that disrupted sorority “rush” week in
April, investigators said.
John Brown Witchel, 23, a sen…
Online StoresContinue reading → Prosper co-founder John Witchel arrested on felony charge
Prosper churns 1.1 million in loans the last 2 days of July
August 1st, 2008 — , General from bamalucky @ Posts from all blogs
I was right.Prosper is cranking out loans to the tune of1.1 million in the final 2 days of July.184 loans approved in those 2 days.How many of those were verified? http://www.prosper.com/lend/performance.aspx
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Continue reading → Prosper churns 1.1 million in loans the last 2 days of July
Is Prosper churning loans at the end of each month?
July 30th, 2008 — , General from bamalucky @ Posts from all blogs
Lots of “pending review” loans get approved at the end of each month & some lenders are getting suspicious. It’s being discussed at prospers.org in the lender tab
[...]
Continue reading → Is Prosper churning loans at the end of each month?
A loan worthy of your bid on Prosper
July 12th, 2008 — , General from bamalucky @ Posts from all blogs
For those that read my blog know i’m not too fond of Prosper,but there’s a lender moremoneymarK (also user name moremoneymarc $19,000 lent) Who’s AA loan request for $4,000 is a very safe investment. http://www.prosper.com/lend/listing.aspx?listingID=3…
Prosper subterfuge sets new record
July 8th, 2008 — , General from bamalucky @ Posts from all blogs
It’s official.The 4+ late that Prosper refuses to sell now total 1,569 loans for a total of $8,932,765.All default debt sale loans combined before this only total 1,566 for a total of $7,500,815.You would be correct if you think that Prosper is keeping…
AA listing on Prosper that should be HR
July 4th, 2008 — , General from bamalucky @ Posts from all blogs
This loan http://www.prosper.com/lend/listing.aspx?listingID=360871is AA on Prosper Marketplace Inc.Check out his extended credit details by signing in.The people at prospers.org have documented many Scorex flaws such as these over the past year.How ma…
mygallons.com is a scam
July 3rd, 2008 — , General from bamalucky @ Posts from all blogs
At http://www.prospers.org we have a forum for off topic & mygallons.com became a topic.I decided to poke around a little as i had saw the guy on tv & all of the hoopla on the news.Well,it looks like the guy is a little shady to say the least.Here’s so…
Prosper Lenders Retain Legal Counsel
June 24th, 2008 — , General from bamalucky @ Posts from all blogs
A group of lenders finally had enough & got a lawyer involved due to repeated violations by Prosper. Prosper ignored the letter sent by the lawyer so it is now posted in public.You can find the letter here with no registration…
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100% way that Prosper can prevent ID theft
June 24th, 2008 — , General from bamalucky @ Posts from all blogs
Just have the borrower notarize a one page document emailed to them & have it sent back to Prosper. Notaries have to check the ID on someone before they will stamp it.This will stop any borrower from claiming ID theft & will serve as proof of a loan i…
Continue reading → 100% way that Prosper can prevent ID theft
$25000 May 2008 loan already late. A grade
June 22nd, 2008 — , General from bamalucky @ Posts from all blogs
Yep.Not even 1 payment made on Prosper 2nd best(supposed) credit grade.https://www.prosper.com/lend/listing.aspx?listingID=317867$25000 that lenders will lose.
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Continue reading → $25000 May 2008 loan already late. A grade
Guess which lending site has 7.9 million in 4+ late loans!
June 8th, 2008 — , General from bamalucky @ Posts from all blogs
Thats right..The new 4+ late unsold default total is up to $7,900,129 with 1402 loans now qualifying to be sold to a junk debt buyer only Prosper won’t sell them or reflect this number in the misleading advertising it does. Thats over 14% of every loa…
Continue reading → Guess which lending site has 7.9 million in 4+ late loans!
April 2008 already has it’s first late!!!
May 23rd, 2008 — , General from bamalucky @ Posts from all blogs
For those of you still lending i hope you didn’t bid on this gem.http://www.lendingstats.com/listings/300677 Yep it’s already late.Barely old enough to qualify as a loan has to be 45 days old to qualify to show up as late.
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Continue reading → April 2008 already has it’s first late!!!
2008 late loans rising fast
May 21st, 2008 — , General from bamalucky @ Posts from all blogs
Just 9 days ago i blogged that 45 loans were late in 2008. Well the number has now risen to 66 in just 9 days.Don’t take my word for it.See for…
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$7,223,621 in 4+ late loans.Sell these loans to the debt buyer before they lose more value!!!!!
May 21st, 2008 — , General from bamalucky @ Posts from all blogs
That’s right,it’s up to $7,223,621 now.1,287 loans. Never fear.Theres plenty more lates in the pipeline.Almost 6 million in late-3 months late.But you can’t advertise great lender rates if you add all these into the performance calculation.
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3718 late loans on Prosper.Out of 22481 loans.
May 18th, 2008 — , General from bamalucky @ Posts from all blogs
Yes,thats no typo.There are 3718 loans that are late .http://www.lendingstats.com/loans?_los=1&_los=2&_los=3&_los=12&_los=13&_los=14&_ros=4&_ros=5&_ros=6&_ros=7&_ros=8&_ros=9&_ros=10&_ros=11&_ls=1&_ls=2&_ls=3&_ls=4&_ls=5&_ls=6&_ls=7&_ls=8 All the loan…
Continue reading → 3718 late loans on Prosper.Out of 22481 loans.
Since i blogged 9 days ago Prosper now has $6,960,044 in 4+ late loans
May 13th, 2008 — , General from bamalucky @ Posts from all blogs
That’s right $6,960,044. $400,000 more loans are now at the default stage.1249 loans.
[...]
Continue reading → Since i blogged 9 days ago Prosper now has $6,960,044 in 4+ late loans
2008 already has 45 loans late!!!
May 11th, 2008 — , General from bamalucky @ Posts from all blogs
Just a few loans in 2008 even qualify to be late as it’s not officially late till a loan is 45 days overdue,however 45 people have managed to stiff the lenders already this year.Keep in mind that only 15% of late loans ever come current. Oh yea,did i …
March 2008 already has late loans
May 11th, 2008 — , General from bamalucky @ Posts from all blogs
Barely able to qualify to go late,somehow 4 borrowers have already managed to go late on a prosper loan.http://www.lendingstats.com/listings/292607http://www.lendingstats.com/listings/290816http://www.lendingstats.com/listings/289019http://www.lendings…
Why are all of the other p2p lending bloggers ignoring the Default Problems?
May 5th, 2008 — , General from bamalucky @ Posts from all blogs
I’ve saw 1 other p2p blogger blog about the problem.There is a HUGE lack of coverage AKA denial going on. How can you guys ignore the biggest news to ever come out of Prosper Marketplace Inc?
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Continue reading → Why are all of the other p2p lending bloggers ignoring the Default Problems?
$6.5 million in late loans garner $200,000 bid from Debt buyer
May 4th, 2008 — , General from bamalucky @ Posts from all blogs
Well it had to come out sooner or later.4+ lates are now worth about 3 cents on the dollar. http://www.prospers.org/forum/doug_fooler_responds_again-t6978.0.html
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Continue reading → $6.5 million in late loans garner $200,000 bid from Debt buyer
NEWSFLASH!!! Prosper Marketplace Inc can’t get enough money for late loans
May 2nd, 2008 — , General from bamalucky @ Posts from all blogs
According to Doug Fuller Vice President of Operations,As a result of these efforts, Prosper received a record number of bids
on the sale file (eight). Unfortunately, all of the bids were extremely
low. Sell my loans now for anything you can get.You on…
Continue reading → NEWSFLASH!!! Prosper Marketplace Inc can’t get enough money for late loans
Prosper has $6,525,725 in 4+ late loans it needs to sell
May 1st, 2008 — , General from bamalucky @ Posts from all blogs
Prosper,sell these damn loans.Every day that goes by the loans are worth less.Doug Fuller brags about collecting on 12 of them,yet fails to mention there are 1,176 of them.These loans are declining in value far faster than the money on 12 of them are c…
Continue reading → Prosper has $6,525,725 in 4+ late loans it needs to sell
Nasty tricks to keep foreclosures off the market
April 29th, 2008 — , General from bamalucky @ Posts from all blogs
Several states & cities have implimented nasty tricks to keep foreclosure filings down & even prolong the agony.http://biz.yahoo.com/ap/080429/foreclosure_rates.html I’m crying foul.Let the market flood & for one time,allow home buyers to get a good…
Continue reading → Nasty tricks to keep foreclosures off the market
March 2008 now has $34,400 late
April 28th, 2008 — , General from bamalucky @ Posts from all blogs
March 2008 now has $34,400 late & April isn’t even over yet.Only about 50% of March 08 loans even qualify to be >15 days…
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Loanio.com for sale(P2P site flops before opening!)
April 28th, 2008 — , General from bamalucky @ Posts from all blogs
The much anticipated competition for prosper.com has been in beta test for decades it seems,but not any longer. Those of you wishing to own your very own P2P platform need only click here http://p2ptechforsale.com/ This appears to be a sure sign of …
Continue reading → Loanio.com for sale(P2P site flops before opening!)
Prosper month hits 30% late(total loans made)
April 25th, 2008 — , General from bamalucky @ Posts from all blogs
It was a close race with several months in competitionto see which month would hit 30% late first but April 2006 won by a nose.http://www.lendingstats.com/loansFunded
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Continue reading → Prosper month hits 30% late(total loans made)
March 2008 already has 2 late loans over 15 days
April 24th, 2008 — , General from bamalucky @ Posts from all blogs
How is that possible you ask? There are a lot of loans on PMI that never make the first payment.Seems like long ago & far away since I heard anyone mention PMI buying a loan back due to…
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Continue reading → March 2008 already has 2 late loans over 15 days
Who’s to blame for the financial ineptitude in the USA?
April 13th, 2008 — , General from bamalucky @ Posts from all blogs
Who is to blame?I’ll try to break it down into percentages of my opinion.Parents 20% :Monkey see monkey doGovernment 20% : Got welfare? We do.Education 30% : Should be a 4 year required high school course on household finance. Television 30% : Keeping…
Continue reading → Who’s to blame for the financial ineptitude in the USA?
Do you ever wonder how some people get money?
April 13th, 2008 — , General from bamalucky @ Posts from all blogs
Are we doomed in the USA regarding fiscal responsibility? I read http://www.prospers.org/ daily & I often ponder how some of
these lenders ever got money to make stupid loans to begin with.Propser Marketplace Inc is a sad sack of a place regarding hop…
Continue reading → Do you ever wonder how some people get money?
Is your idle cash safe at Prosper?
April 11th, 2008 — , General from bamalucky @ Posts from all blogs
Is your idle cash safe at Prosper? If Prosper Marketplace Inc has to shut down like lendingclub.com did,will your idle cash be safe? I log in daily & transfer if i have enough. Prosper says our money is in FDIC insured individual accounts & they would…
Did you think you owned your Prosper Marketplace Inc. loans?
April 10th, 2008 — , General from bamalucky @ Posts from all blogs
Did you think you owned your Prosper Marketplace Inc. loans? Think again !The Notes are promissory
notes representing three-to-five-year, unsecured, fully-amortizing credit
obligations of individual borrowers. If and when a borrower listing placed on
t…
Continue reading → Did you think you owned your Prosper Marketplace Inc. loans?
SEC complaint on Prosper Marketplace Inc
April 9th, 2008 — , General from bamalucky @ Posts from all blogs
Last week i sent off emails to all the PMI owners,& mucketymucks asking for clarification of the lender agreement & wanting to know just who exactly owns the prosper loans. Well i didn’t get a reply so i filled out a SEC complaint form here http://www…
Prosper sold me unregistered securities(illegal?)
April 8th, 2008 — , General from bamalucky @ Posts from all blogs
After lendingclub being shut down i did a little digging here http://straylight.law.cornell.edu/uscode/html/uscode15/usc_sup_01_15_10_2A_20_I.html I am considering sending a registered letter requesting PMI to repurchase all the unregistered securitie…
Continue reading → Prosper sold me unregistered securities(illegal?)
Prosper deadbeat borrower files Bankruptcy on me
April 7th, 2008 — , General from bamalucky @ Posts from all blogs
http://www.prosper.com/lend/listing.aspx?listingID=191831B credit.Made 5 payments.Thanks Prosper for keeping all the tools to allow us to see the total Scorex away from us so we can’t see borrowers who are on the way to bankruptcy. Prosper banned me …
Continue reading → Prosper deadbeat borrower files Bankruptcy on me
My April Fools Joke (upon request)
April 1st, 2008 — , General from bamalucky @ Posts from all blogs
April fools jokes are kinda tough for someone like me to pull off,but this year we got the whole family.My wife is 35 & i’m 34 & we have no kids nor plan on any.My wife has a very eccentric uncle who lives alone & is a HUGE gossip.This morning my wife …
Finally!!! A worthy Prosper listing
March 24th, 2008 — , General from bamalucky @ Posts from all blogs
26 year old Transgender MTF desperately needs SRS Surgery http://www.prosper.com/lend/listing.aspx?listingID=297740 Live IRC chat FREE http://chat.prospers.org/
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Making money from Adsense
March 21st, 2008 — , General from bamalucky @ Posts from all blogs
After talking with lender baldeagle http://www.lendingstats.com/lenders/baldeagle an older lender on PMI about finance in general, he mentioned his sports blog www.whodowethinkweare.net/ makes more revenue by far than his prosper lending ever did. A lo…
Are you a new Prosper Lender?
March 21st, 2008 — , General from bamalucky @ Posts from all blogs
Are you a new Prosper Lender? If you have been lending for less than a year,I want to give you a few things to think about.Have you ever visited www.lendingstats.com or www.ericscc.com/ Click on the lender lists & look at the older lenders ROIMake sure…
Prosper Marketplace Inc. HACKED!!!!
March 7th, 2008 — General from bamalucky @ Posts from all blogs
Prosper has been hacked via listing page http://www.prosper.com/lend/listing.aspx?listingID=289700 Here on the hacker website http://www.ghettowebmaster.com/ he describes in detail Your member profile and listing pages are likely open to cros…
Zopa detective work
March 7th, 2008 — General from bamalucky @ Posts from all blogs
I spent about 10 minutes determining the number of USA Zopa members..The last profile is https://us.zopa.com/co/AboutMe.aspx?Id=6506So they have 6506 members as of this moment.It will be interesting to watch this number grow & at what pace.I’m member 2…
Creditboards.com = Scum of the Earth
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…
Lendingclub loan denied
February 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.
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