P2P No Bank

I don’t normally re-post blogs, but I found this posting from the WSJ and found it particularly interesting. In fact, I have some experience with this area as I know someone in my local market that has executed the home squatter strategy to near perfe…

• Cash Registers Banks, Registers Vending Collectibles

Continue reading → Forget Mailing Your Keys to The Bank: Live in Your Home Free (at least for a while)

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!). …

• Chevron Standard Oil Gas Oil Companies Gas Oil Advertising Collectibles
• Sinclair Gas Oil Companies Gas Oil Advertising Collectibles
• BP Gas Oil Companies Gas Oil Advertising Collectibles
• Esso Gas Oil Companies Gas Oil Advertising Collectibles
• Stickers, Decals Gas Oil Advertising Collectibles

Continue reading → $100 OIL! How to Cope With $3+ Per Gallon Gas Prices

A recent report published by CardTrack.com shows that consumer credit card delinquencies have soared in the last few months. According to the report, delinquincies have reached 5.4%, up from 4.5% just 1 year ago. Not surprisingly, total credit card de…

• Card Shuffler Casino Collectibles
• Card Guards Casino Collectibles
• Credit, Charge Cards Trading Cards Collectibles
• Card Captor Sakura Japanese, Anime Animation Art, Characters Collectibles
• Card Dealer Shoe Casino Collectibles

• Programmer and Blogger Seeks Credit Score Improvment Loan My Prosper Group is proud to present our 3rd listing (2nd endorsed listing)... This listing is attempting to put the social in social capital. The Penny Saved has been a known blogroll buddy of RateLadder for sometime. He asked me about this loan strategy about 2 months ago. This is......
• How to Go Into Debt to Get Out of Debt This really sounds like the ultimate oxymoron, but one of the best ways to get out of debt is to go a little bit further in. What’s that? First, to help this make more sense, let’s clarify – if you need to get out of bad debt, going into good......

Continue reading → Credit Card Delinquincies SOAR! Prosper Loans to Follow?

Did you know that you can get free tax software on the Internet? Through the IRS’ FreeFile program, if your adjusted gross income (AGI) is less than $54,000, you are eligible to utilize software from a long list of partner companies for free.Online …

Continue reading → Free Tax Software and Filing: File Your Taxes For Free at IRS FreeFile!

Sign up for our email list (CLICK HERE) if you wish to receive our postings in your inbox.———————–Today, Congress and President Bush announced a tentative agreement on a fiscal stimulus package to help avoid what many believe is an impen…

• It's Time for Some Personal Budget Planning Tips Personal budget planning is an important part of keeping a handle on your finances. Because there is so much turmoil in today's economy, maintaining a healthy personal budget is more vital than ever. Crafting a personal budget begins with determining how money comes in, and how money goes out, but......
• Prosper Taxes The following is for reference only.  I am not a tax advisor nor am I offering any advice on your taxes.  If you have specific questions about your situation you should consult with a tax professional.  This information should apply to Lending Club as well.  However, since I do not......

Continue reading → What Does the New $150 Billion Fiscal Stimulus Package Mean to You?

Well, my first year of Prosper lending has come to a close (actually, I began lending in on March 27, 2007, but year end is a good time to reflect). After many countless hours spent building up P2P-Loans.com and investing over $16,000 in Prosper, here…

• Prosper Taxes The following is for reference only.  I am not a tax advisor nor am I offering any advice on your taxes.  If you have specific questions about your situation you should consult with a tax professional.  This information should apply to Lending Club as well.  However, since I do not......
• 2006 Prosper.com Financial Results -- ROI 15.12% 2006 Year Ending Account Value $3,426.08 Cash Balance $25.72 Active Loan Value $2,820.67 Payments in Transit $29.69 Winning Bids $200.00 Winning Bids Pending Review $350.00 Number of Loans 47 Principle Loaned $2,950.00 Average Interest Rate 15.62% Payments Received $193.48 Loan Value $2,846.70 Net Accrued Income APY 15.12% Net Accrued......

Continue reading → My Prosper Portfolio Performance (CY 2007) - Ugh!

Prosper posted the following message on its blog on January 4, 2008 announcing that it has increased the fees borrowers will pay in order to close a loan on Prosper. Given the small loan amounts, Prosper had to make this move to remain financially via…

• Credit, Charge Cards Trading Cards Collectibles
• Tee Times Green Fees Golf

• Resisting Panic: A Quick Guide to Surviving The Credit Crunch A few years ago if you referenced the term "credit crunch", most people would be puzzled. Today barely a single day can pass without the phrase seeing consistent if not constant use in the newspapers and on television. The credit crunch is a crisis that is affecting numerous financial institutions......
• Prosper Increases Borrower Pricing Lower Credit Grades Prosper implements pricing change for borrowers with credit grades A-HR. The origination fee schedule for borrowers of first and second loans will be as follows: AA 1.00% (no change) A 2.00% B 2.00% C 3.00% D 3.00% E 3.00% HR 3.00% These changes will go into effect for listings created on......

Continue reading → Prosper Raises Borrower Fees

As you likely know by now, Bank of America announced plans to acquire Countrywide last week in what many have called a “rescue” deal. But, if you are a Countrywide customer, what does this mean to you? I believe it is good news for you and here’s why. …

• Bank of Canada Canada North, Central America Paper Money World Coins Paper Money

• MortgageFit -- World's Largest Mortgage Community MortgageFit's premise is There is no common answer to varied mortgage issues. So as a community, our members provide personalized knowledge and guidance on mortgage and related issues. To that end they have built and grown a community of mortgage professions, interested observers, and a public in need of answers.......
• Sub-Prime Mortgage Meltdown What opinions do you guys have on how the sub-prime mortgage meltdown will affect peer to peer lending?  I'll confess I'm still spooked at the moment and working to draw down my balance at Prosper.  From things I've been reading, it would appear that the worst is still yet to......

Continue reading → Bank of America Buys Countrywide: Good News For Countrywide Customers?

I was reading the latest edition of BusinessWeek online and came accross the article below, which discusses the P2P Lending environment and provides some very useful information on the pros and cons of each different service. This should give Prosper …

• Furniture Style Humidors Cigar Tobacciana Collectibles
• Cabinet Style Humidors Cigar Tobacciana Collectibles

• P2P Lending Article in BusinessWeek Will a Stranger Lend You $25,000? I can't get enough p2p lending articles, but this one is fairly standard... I am not sure what I expect or how the mainstream media could cover this any differently...  The average joe needs to find out about and understand p2p lending if the paradigm......

Continue reading → New Businessweek Article on Prosper (and other P2P Lending Sites)

The Bush Administration today released the much-anticipated sub-prime loan plan that provides for lenders, investors and loan servicers alike to voluntarily freeze “teaser” interest rates on a select number of sub-prime loans made from January 1, 2…

• Thanksgiving Department 56 Decorative Collectible Brands Decorative Collectibles Collectibles
• Department 56 Decorative Collectible Brands Decorative Collectibles Collectibles
• Halloween Department 56 Decorative Collectible Brands Decorative Collectibles Collectibles
• Snowbunnies Department 56 Decorative Collectible Brands Decorative Collectibles Collectibles
• Ornaments Department 56 Decorative Collectible Brands Decorative Collectibles Collectibles

• Sub-Prime Mortgage Meltdown What opinions do you guys have on how the sub-prime mortgage meltdown will affect peer to peer lending?  I'll confess I'm still spooked at the moment and working to draw down my balance at Prosper.  From things I've been reading, it would appear that the worst is still yet to......

Continue reading → President Bush Reveals Sub-prime Relief Plan: What do you think?

It is with great sadness that I have to report two P2P-Loans.com loans that are now over 1 month late (soon to be 2 months late). In fact, one of these loans, after making her first 4 payments on time, recently filed for bancruptcy. This loan going l…

Continue reading → Late Group Loans Update

100% Free Stock Trade. Trade stocks for free on Zecco.com. The Free Trading Community. www.zecco.com———————————- Today, eBay announced a new venture called MicroPlace. eBay’s new venture is a little different than some of the oth…

• Stock Certificates, Bonds Paper Railroadiana, Trains Transportation Collectibles
• Trade Stimulators Casino Collectibles
• eBay-ana Advertising Collectibles
• Wholesale Trade Distribution Businesses for Sale Opportunities

• MicroPlace, an Ebay Company Launches MicroPlace, an Ebay company just launched.  It is kinda like kiva.org, except that you invest in securities which pay interest (1%-3%) and the companies offering the notes handle the individual investments.  So you are purchasing a pool of investments were the actual investments are made companies on the ground. The......

Continue reading → eBay Gets Into the P2P Lending Game: MicroPlace.com

(P2P-Loans.com is Sponsored by eMusic) Get 25 FREE iPod® compatible downloads from eMusic! Choose from over 1.7 Million songs!————————————Are you having trouble with your mortgage payment? Is your ARM about to reset placing yo…

• Night Lights Lamps Home Lighting
• Hair Loss Hair Care Store

• Loans and the Credit Crunch The credit crunch is a hot button issue right now, raising red flags in the eyes of consumers not only all over the United States, but also elsewhere in the world. When the economy in the United States begins to have difficulties, the rest of the world is going to......
• Resisting Panic: A Quick Guide to Surviving The Credit Crunch A few years ago if you referenced the term "credit crunch", most people would be puzzled. Today barely a single day can pass without the phrase seeing consistent if not constant use in the newspapers and on television. The credit crunch is a crisis that is affecting numerous financial institutions......

Continue reading → Trouble with your Mortgage?

Well, I guess it was inevitable that one of P2P-Loans.com’s Prosper loans would go late. Would I have to aggressively pursue this person via email, call 3 different phone numbers, send them snail mail, call their place of work, etc. to plead for their…

• Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears
• Friends Family Barbie Vintage Pre-1973 Dolls Dolls Bears
• Skipper Same-Size Friends Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears
• Midge Same-Size Friends Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears
• Kelly Same-Size Friends Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears

Continue reading → My First Late Group Loan Payment (and why Groups add value)

It has been a great couple of months for P2P-Loans.com, one of the top group’s on Prosper! We’ve helped borrowers close of $125,000 in loans and achieved a perfect, 5-star group rating. We are also the #5 group (out of 4,147 groups on Prosper) on all…

• Tommy Same-Size Friends Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears
• Midge Same-Size Friends Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears
• Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears
• Kelly Same-Size Friends Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears
• Skipper Same-Size Friends Friends Family Barbie Contemporary 1973-Now Dolls Dolls Bears

Continue reading → P2P-Loans.com: Prosper Group Update

Prosper is running a new promotion where you get $25 FREE just for joining Prosper as a lender. Follow the link below to register with Prosper as a lender, join the P2P-Loans.com team and collect your FREE $25!! It’s the simple - CLICK HERE NOW!!! Then…

Continue reading → NEW PROMOTION! $25 FREE - BECOME A PROSPER LENDER

P2P-Loans.com is not 2 months old and we’ve grown quite a bit (nearly 40 members in 2 short months). Our first 9 loans have all made their first (and some second) payments on time, THANK YOU, and thus we have NO lates so far. We also have 2 current lis…

• Card Guards Casino Collectibles
• Card Dealer Shoe Casino Collectibles
• Credit, Charge Cards Trading Cards Collectibles
• Card Shuffler Casino Collectibles

• Are Hidden Fees Keeping You From Meeting Your Financial Goals? Hidden fees are nasty little critters that can eat away at your credit card balances, or your checking accounts and you may never be the wiser. If you are stuck wondering where it all goes at the end of the money, it's time to do some investigating to find out......
• Analyze a Loan Using Crystal Report and Data Export Since starting this blog I have reviewed several loans.  Since then I have developed a basic crystal report to analyze a loan (DTI, Amount, Credit, and Lender Rate) in the context of all loans on Prosper.com.  The report takes as import the credit grade and the debt to income ratio.  It then filters the loans......

Continue reading → What Makes a Good Listing?

Welcome to the P2P-Loans.com blog. We will track the progress of our group’s listings and loans on this site as well as openly discuss Prosper including its benefits and drawbacks. As always, we continue to look for ways to help our members get their…

Continue reading → Welcome