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…
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February 25th, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor
If you do nothing else at Prosper Days …
February 24th, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor
… please do this:Grab the most prominent member of the news media you can find with one hand (gently, of course), and the highest-ranking Prosper employee you can find with the other (ditto), sit them down in front of a computer, and invite the Prosp…
Related StoresProsper announces new features in advance of Prosper Days
February 23rd, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor
& P2P Lending Report
Last night, Prosper announced several new features in advance of Prosper Days 2008. Since the Pre-Prosper Days Release included only relatively minor changes, I expect that additional announcements will be made during the event itself.Here’s the prel…
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Continue reading → Prosper announces new features in advance of Prosper Days
What new features will be announced at Prosper Days 2008?
February 22nd, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
Last year, at Prosper Days 2007, CEO Chris Larsen announced several major changes in the Prosper platform. Lenders and bloggers have been speculating about the changes and new features which will be announced next week at Prosper Days 2008.In January, …
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Continue reading → What new features will be announced at Prosper Days 2008?
UPDATE: Prosper responds to MNH Report #4, and I respond to Prosper
February 21st, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
In MNH Report #4, I described my attempt to purchase a Prosper loan (Loan No. 4018) which was 4+ months late and eligible for sale to a debt buyer.On November 7, 2007, I wrote to Doug Fuller, Prosper Marketplace Inc.’s Vice President of Operations, a…
Related StoresContinue reading → UPDATE: Prosper responds to MNH Report #4, and I respond to Prosper
Lender ROI on Prosper Select loans declines for sixth consecutive month
February 20th, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
MNH Report #6Since August 2007, Prosper management has tried to deflect criticism of high default rates and low return-on-investment by calculating what it calls the Prosper Select Index, and publishing that index in a monthly People-to-People Lending …
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Continue reading → Lender ROI on Prosper Select loans declines for sixth consecutive month
UPDATE: Prosper responds to MNH Reports #1 and #5
February 19th, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
Two MNH Reports have gotten results.On January 5, Prosper Marketplace Inc. promised to make restitution, with interest, to lenders and group leaders affected by the contractual violations outlined in MNH Reports #1 and #5. MNH Report #1, originally po…
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Continue reading → UPDATE: Prosper responds to MNH Reports #1 and #5
A few suggested topics for discussion at Prosper Days 2008
February 19th, 2008 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
Okay, I confess. I’ve been a very naughty blogger, with no new posts since December 26.This week, I’ll try to make up for that dereliction of duty with a few updates on previous posts, and some new information about Prosper.com’s compliance issue…
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Continue reading → A few suggested topics for discussion at Prosper Days 2008
Prosper.com is 90 days delinquent on payments to group leaders
December 26th, 2007 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
MNH Report #5Prior to September 13, 2007, Prosper.com group leaders could opt to receive compensation for each loan funded within their groups. This compensation, which Prosper originally referred to by the inaccurate euphemism of “group rewards” …
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Continue reading → Prosper.com is 90 days delinquent on payments to group leaders
Trav’s Do-It-Yourself Secondary Market & Panaderia
December 25th, 2007 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
[A longer version of this post appeared on the Verified Lenders forum at Prospers.org (registration required; limited to lenders with $500 or more in Prosper.com loans) on November 8, 2007. Since Prosper.com has promised that a debt sale will be final...
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Continue reading → Trav’s Do-It-Yourself Secondary Market & Panaderia
What we have here is a failure to verify: Prosper.com and the case of laurenleigh
December 25th, 2007 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
MNH Report #3In MNH Report #2, I reported that Prosper Marketplace Inc. modified the Lender Registration Agreement on October 30, 2007, to relieve itself of any responsibility for verifying borrowers’ income, employment, or any other information subm…
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New lender agreement cuts back on promise of fraud protection for lenders
December 19th, 2007 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
[Originally posted on Prospers.org on November 1, 2007. Extensive discussion can be found there. (Registration required.)]MNH Report #2In her infamous “snippets” post, Prosper_Shira attempted to justify Prosper’s crusade against public posting of…
Related StoresContinue reading → New lender agreement cuts back on promise of fraud protection for lenders
Follow-up to MNH Report #1
December 19th, 2007 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
I originally posted MNH Report #1 (”Misappropriation of lender funds by Prosper Marketplace Inc.) on both the independent discussion forums at Prospers.org and the Prosper.com official forums (which have since been deleted) on October 31, 2007. After …
Misappropriation of lender funds by Prosper Marketplace Inc.
December 19th, 2007 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
[This information was originally posted at Prospers.org (Registration required) on October 31, 2007. Extensive discussion can be found there as well.]MNH Report #1Under Section 5 of the Lender Registration Agreement,With respect to each Note you purcha…
Continue reading → Misappropriation of lender funds by Prosper Marketplace Inc.
Welcome to my blog
December 18th, 2007 — P2P Lending from Trav @ Prosper Marketplace Monitor & P2P Lending Report
Hi, I’m Trav! I’m known as traveler505 on Prosper.com (a people-to-people lending site), Prospers.org (an independent forum for discussion of P2P lending), and CreditBoards.com (a self-help consumer advocacy site).When I discovered Prosper Marketplace …
