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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Bad Debt Sale Hiccup
May 3rd, 2008 — , Prosper, bad loans, deadbeats, lending from j9359 @ j9359 (my prosper experience)
ROI 6.75% as of April 2 down 1.35% in two days!
April 2nd, 2008 — , ROI, deadbeats, performance from j9359 @ j9359 (my prosper experience)
One of two 3 month late loans flipped to 4+ months lateNot a real bad listing for an EBut the subsequent listing in Nov showed some desperation, oh well…..Not like this deadbeat: Pro226 who managed to manipulate the credit score to go from an E to an…
Related StoresContinue reading → ROI 6.75% as of April 2 down 1.35% in two days!
About time for a bad debt sale
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…
Related StoresDoes anyone know pro226 from Georgia?
March 7th, 2008 — deadbeats from j9359 @ j9359 (my prosper experience)
I’ve written about the mistake I made on this listing: 247456 before, looks like this deadbeat is heading straight for default. First payment was late and now second payment is late :(Here is a shot of a car from the listing. Anyone recognize it (ass…
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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 19th, 2008 — deadbeats from j9359 @ j9359 (my prosper experience)
This may be premature, but it looks like I have another loan headed toward the abyss.Listing 71007 seems to be having problems. I’m still hopeful, there was a problem in August 2007 too and things got caught up. Not a loan I would make today but it s…
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