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US $1,100,000.00 |
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US $979,500.00 |
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November 15th, 2008 — , Community, Lending Club, ROI, secondary market from Jeremy Frazao @ Prosper Lending, My Experience
A poster, onthefence, on Prospers.org pointed out that my first version of the APR calculator for notes purchased on Lendingclub’s secondary market failed to consider the increased value of a note which has a payment due in less than a month. So I made…
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Continue reading → Improved Calculator for LC Secondary Market Notes
October 25th, 2008 — , Community, Lending Club, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
With Prosper in its quiet period, there hasn’t been much to blog about lately so I decided to check out Lending Club. I haven’t decided to actively lend there yet, but I am checking it out.Lending Club appears to have gone live in May of 2007 and enter…
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Continue reading → Late Loans–Prosper vs. Lending Club
October 21st, 2008 — , Community, Prosper Forums, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Today’s Prosper Blog post:Notice to our Community Members 10/21/08 posted by Prosper BlogDuring our quiet period, we are required to remove portions of the site, including your comments and exchanges.Thank you for your understanding and support.The off…
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Continue reading → Not again!
October 15th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Almost 4 months after LendingClub entered their quiet period, Prosper has begun the process of registering its promissory notes as securities with the SEC–entering its own quiet period.New lenders can’t register and current lenders can’t make any loan…
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Continue reading → Prosper Enters Quiet Period!
October 10th, 2008 — , Community, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
That’s what the email from Prosper said and I do consider it good news. I realize that some lenders resent borrowers who prepay their loans, but I’ll never hold it against someone. I’ve never personally carried a loan to term–I’ve always paid them off…
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Continue reading → Good news! One of your Prosper loans has been paid in full!
September 15th, 2008 — , Community, Low Risk Loans, Prosper Forums, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Long-time Prosper lender, Mtnchick is an active participant on Prospers.org and now has an active listing. This listing fits my sub-portfolio described in my previous posts: Forum Lenders = Good Borrowers? and Forum Lenders = Good Borrowers? (Update). …
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Continue reading → Lender/Forum Participant Seeking Loan
September 13th, 2008 — , Advice for New Lenders, Community, Low Risk Loans, Prosper Forums, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
I posed this question in July in this post. At the time, I promised updates as these loans age and as more loans are included in this sub-portfolio. Since then, I’ve made two more of these loans and the others all remain current with no late payments. …
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Continue reading → Forum Lenders = Good Borrowers? (Update)
September 2nd, 2008 — , Community, Late loans, Prosper Forums, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Prosper has given an official response to the concerns, brought to light in fred93’s blog and the Motley Fool article, arising from it’s handling of the bankruptcy case on this loan.Prosper lender xraider originally discovered the complaint by the husb…
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Continue reading → Prosper Responds to Motley Fool
August 31st, 2008 — , Community, Late loans, Prosper Forums, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Avoid This Company Like the PlagueThat’s the headline of the article written by Chuck Saletta about Prosper. The article is primarily concerned with Prosper’s filing in a US Bankruptcy Court regarding this loan. In the filing, Prosper denies directly l…
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Continue reading → The Motley Fool Slams Prosper
August 30th, 2008 — , Advice for New Lenders, Community, Late loans, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
Has Prosper turned the corner and realized that lenders are the key to it’s success? The official Prosper Blog, which for so long seemed dedicated to attracting only borrowers, has focused its last three posts on lenders’ concerns. But that’s not all.O…
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Continue reading → Could it be?
August 24th, 2008 — , Community, Low Risk Loans, Prosper Forums, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Right now, there are 3 long-time lenders and forum participants asking for loans. Two are large loans about to expire unfunded. I just found out about these two or would have bid. If they re-list, I will. Here they are.Ms. TabbyKats listing–$4,000 AHe…
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Continue reading → Several Long-Time Lenders Seeking Loans
August 21st, 2008 — , Advice for New Lenders, Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
The other day I posted about a Prosper ad for a disabled referral program here. It now appears Prosper has fixed the problem.Clicking on the ad does take you to the home page where you see nothing that mentions a referral or bonus. However, then clicki…
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Continue reading → Prosper Fixes Referral Ads
August 20th, 2008 — , Community, Late loans, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Yesterday, I posted about Prosper’s deleting the screen name history of their CFO after it was revealed his loan was less than 15 days late.I’m glad I captured a screenshot to post, because they have now reversed themselves.http://www.prosper.com/group…
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Continue reading → Prosper CFO’s Screen Name History Restored
August 19th, 2008 — , Advice for New Lenders, Community, Late loans, Prosper.com, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
by Prosper management!Prosper’s CFO has a loan that is less than 15 days late, exposed by a lender on the loan in this thread on Prospers.org. Today, the lender let everyone know that daggers appeared on the loan.Though Bamalucky blogged about this yes…
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Continue reading → Another Bad Decision…
August 18th, 2008 — , Advice for New Lenders, Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Not if you clicked on an ad like this lately…The referral program that offered this activation bonus was terminated on July 1, 2008 and replaced by the program described on Prosper here. The ad was placed on various sites and blogs to generate income…
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Continue reading → So You Think You’re Getting a Sign-Up Bonus?
August 17th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
I guess this qualifies as an official announcement. Posted in the comments to this post on the official Prosper Blog”Sadly, John has decided to leave the company to pursue other passions.John is an entrepreneur at heart and has started several successf…
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Continue reading → Response from Prosper on John Witchel
August 17th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
It appears this is no mistake. Now John Witchel’s LinkedIn profile has his time at Prosper ending August 2008 and described in the past tense.Still no word from Prosper. Nothing on their blog, nothing in their forums, and nothing found in a Google sear…
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Continue reading → Update on Witchel
August 16th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Are changes afoot at PMI? Prosper lender bamalucky broke this story yesterday on his blog. It appears John Witchel is no longer a member of the management team at Prosper when viewing Prosper’s Management and Investors page. His name was previously …
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Continue reading → Where is John Witchel?
August 16th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Are changes afoot at PMI? Prosper lender bamalucky broke this story yesterday on his blog. It appears John Witchel is no longer a member of the management team at Prosper when viewing Prosper’s Management and Investors page. His name was previously …
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Continue reading → Where is John Witchel?
August 5th, 2008 — , Community, Prosper.com from Jeremy Frazao @ Prosper Lending, My Experience
Some have speculated that Prosper may have reached it’s peak, and the platform cannot be sustained at current levels of funding. This is being discussed on Prospers.org in this thread. Personally, with traditional lenders tightening standards and tradi…
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Continue reading → Has Prosper’s Growth Peaked?
July 27th, 2008 — , Advice for New Lenders, Common Mistakes, Community, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
We’ve all seen it, I’m sure. The borrower quoting scripture or using his supposed piety to convince lenders their bids are safe.This discussion came up the other day on the Loans2U group discussion forum and led to some interesting research.Lendingstat…
Continue reading → Pious Borrowers & Prosper Lending
July 20th, 2008 — , Advice for New Lenders, Community, Low Risk Loans, Prosper Forums, Prosper.com, ROI, lending strategy from Jeremy Frazao @ Prosper Lending, My Experience
New lenders can learn a lot from the various discussion forums dedicated to borrowing and lending on Prosper, but participation in these communities offers another benefit as well.Spending time reading the forums, one gets a lot of insight into minds o…
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Continue reading → Forum Lenders = Good Borrowers?
December 31st, 2007 — Community from Mike @ Prosperous Land
As I had previously observed, the shutdown of the old forums has pushed some of the more vocal Prosper members (and some ex-members either by choice or by force) into alternate forums of communication. The upside of this is a new wave of Prosper relate…
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Continue reading → Prosper Blogger Explosion
December 18th, 2007 — Community, Prosper.com from RateLadder @ Rate Ladder
Batten down the hatches as the rain and the wind have been making their presence felt in the 1st winter storm of the season in San Francisco.
After a weeks of gorgeous weather the weather barometer started falling over the weekend.
ProsperReport.com home (at least for the moment) of an archive of the old Prosper forum posts [...]
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Continue reading → Tempest In a Teapot Brewing in SanFran