Another great line from Monty Python and the Holy Grail!Some folks over on prospers.org noted that they had daggers on some 4+ month late loans, well so do I!Do I expect to see any money from this effort? NO. But at least Prosper is giving it a shot….
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Not dead yet!
May 29th, 2008 — , bad loans from j9359 @ j9359 (my prosper experience)
Late loans keep on rolling in
May 28th, 2008 — , bad loans, performance from j9359 @ j9359 (my prosper experience)
Not looking too good for this month, two just flipped from late to 1 month late. Here is a screen shot, not a pretty picture.One of the two is an E link so it isn’t too much of a surprise, has made 15 payments and has gone late before but not all the…
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May 4th, 2008 — , bad loans from j9359 @ j9359 (my prosper experience)
There was an update on the official Prosper blog by Doug Fuller today on the most recent bad debt sale attempt.”In round numbers, the bids that we received were approximately 1/3 the prices bid in December. The price difference between the August and D…
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May 3rd, 2008 — , Prosper, bad loans, deadbeats, lending from j9359 @ j9359 (my prosper experience)
Well it appears there has been a hiccup in the bad debt sale. This post by Doug Fuller over on the official Prosper blog lays it out, but the simple explanation is that no one wants to pay very much. Take a look at the results from previous bad debt…
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March 30th, 2008 — , Enhancements, bad loans, deadbeats from j9359 @ j9359 (my prosper experience)
I wonder if we are going to get a bad debt sale this quarter (time is running out). I quick check on Eric’s shows 926 loans are 4+ months late now. Seems like a big enough number to bother with even if some are too new to the 4+ month late club to ma…
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February 18th, 2008 — Prosper, bad loans from j9359 @ j9359 (my prosper experience)
Finally some progress on the new agency test process.One of your Prosper loans has defaulted and been sold to a debt buyer. Proceeds from the sale of this loan, if any, will be credited to your account within 1-2 business days.Loan: Re-List with more i…
No news from new agency test
January 31st, 2008 — bad loans, deadbeats from j9359 @ j9359 (my prosper experience)
I’ve got one loan in the “new agency test”.And I replied to the e-mail from Prosper about whether or not I wanted to be bought out or continue to participate in the “test”. I decided to stay in and pass on the $4.12 that was offered. I was expecting …
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January 30th, 2008 — bad loans, lending from j9359 @ j9359 (my prosper experience)
One of the two
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January 29th, 2008 — ROI, bad loans, lending from j9359 @ j9359 (my prosper experience)
I’ve been looking over the standing orders in the various portfolio plans to see if there was some opportunity to underbid or cherry pick loans that the SO’s would bid on. As part of this I put together a spread sheet of all the various SO’s. When I …
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January 16th, 2008 — bad loans from j9359 @ j9359 (my prosper experience)
One of my loans is part of the “new agency test” collection effort. This is an effort Prosper started a couple of months ago to try and improve collections on delinquent loans. Well it looks like the preliminary round is over and Prosper is now prep…
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