I thought I would advise everyone of why I have placed (so far) $650 into my wife’s loan listing. Firstly, 80% of our income is pooled separately and we share expenses in the middle such as rent, car expenses, etc. The Prosper.com lending account is 100% mine since she has chosen not to lend at [...]
listing
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GMC Envoy SLT 2005 GMC Envoy SLT 4WD Dont pass up this listing |
US $11,800.00 | Sale |
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Estate Zipcom REAL ESTATE Home House Listings Mls COM |
US $7,500.00 | Sale |
My Bids on Wife’s Listing
July 4th, 2008 — , News, in large on loan and you should be too, listing, wife's loan from Jeff @ P2P Lenders
What the… Zopa?
June 11th, 2008 — , News, Prosper.com, listing, zopa is a four letter word... really!, zopa.com can go pound sand for my business from Jeff @ P2P Lenders
So today I was denied a loan through Zopa.com. I’m guessing it has to do more with the supposed ‘credit crunch’ more than anything else as I would have easily been approved in January/February with the same credit profile as my wife was for a higher amount to consolidate debts and her credit/income was lower [...]
Listing Withdrawn
June 7th, 2008 — , News, Prosper.com, listing, zopa.com from Jeff @ P2P Lenders
After sleeping on it, I decided to remove the Prosper listing. The driver’s license issue is just too lame to overlook as the CSR was more interested in the picture vs. checking the information (wrong address, weight, picture is way out of date, etc). And, as this is my third loan from Prosper, it’s never [...]
I like to move it move it…
June 3rd, 2008 — , News, Prosper.com, bid this b!tch down, listing, loan, money, moving, the plan from Jeff @ P2P Lenders
Listing at Prosper.com is now active. I appreciate all the lender assistance in getting it funded and lowered to, ideally $200/month in payment. It would still offer the lenders a very satisfying 12.25% (starts at 17.5%) on a twice excellent borrower’s listing. You can’t get much better with less risk! Invest in our future and [...]
Disciplined Lending
November 3rd, 2007 — Financial Education, Lending Club, discipline, disciplined, exceptions, listing, listings, status, temptation, utilization from Renaud Laplanche @ Better Rates. Together.
“It’s only when the tide goes out that you discover who’s been swimming naked.”
– Warren Buffett
Disciplined lending is about adopting credit standards and enforcing them with very little or no exceptions. Disciplined lending is hard. Lenders are businesses, and businesses need to grow. There is often pressure, and temptation, on lenders to make all kinds [...]
Close rate: 71%
July 1st, 2007 — Lending Club, approval, approved, listing, rate”, rejection, standpoint from Renaud Laplanche @ Lending Club
We shared on June 20 our concerns about our low approval rate, with only about one third of all loan applications being approved. The low approval rate is mostly due to our minimum requirement of 640 FICO score for borrowers. We believe person-to-person lending is not only about getting better rates and better returns: it [...]
