Comments on: My Prosper experience as an HR borrower http://skfox.com/2007/12/19/my-prosper-experience-as-an-hr-borrower/ There's a fine line between being on the bleeding edge and the lunatic fringe Tue, 09 Mar 2010 17:37:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Shaun Kester http://skfox.com/2007/12/19/my-prosper-experience-as-an-hr-borrower/comment-page-1/#comment-1139 Shaun Kester Wed, 22 Jul 2009 04:53:45 +0000 http://skfox.com/2007/12/19/my-prosper-experience-as-an-hr-borrower/#comment-1139 Since their re-opening, Prosper is only doing lender/borrower business in a few states. In addition to that, the credit scores that reflect their assigned grades have gone up. Under Prosper 1.0, what would have been a C, is probably now an HR, or worse, gets declined right away. You should get a written notice from Prosper as to why your listing was declined, but if not, you can always ask on the official Prosper forums, call them, orask the great people at <a href="http://www.prospers.org/forum/" rel="nofollow">http://www.prospers.org/forum/</a>. Since their re-opening, Prosper is only doing lender/borrower business in a few states. In addition to that, the credit scores that reflect their assigned grades have gone up. Under Prosper 1.0, what would have been a C, is probably now an HR, or worse, gets declined right away. You should get a written notice from Prosper as to why your listing was declined, but if not, you can always ask on the official Prosper forums, call them, orask the great people at http://www.prospers.org/forum/.

]]> By: Eva http://skfox.com/2007/12/19/my-prosper-experience-as-an-hr-borrower/comment-page-1/#comment-1138 Eva Wed, 22 Jul 2009 04:47:37 +0000 http://skfox.com/2007/12/19/my-prosper-experience-as-an-hr-borrower/#comment-1138 Hi, I was reading your blog and I was wondering why my application was declined right away. I have a 1 year loan with Prosper and I have been paying properly, I have been doing all my other payments properly too. Not even one is delayed. The problem is that I have lived in the US since 2005 only, and most of my accounts seem to be maxed, due to the lender or credit card agency not properly displaying my credit limit or suddenly lowering it to the level of the balance. But I have been a good lender all through those 3,5 years. Now Prosper is telling me that my score is lower than 640 and has gone down more than 40 points since last year, but is unable to explain me how they got to that number. My Experian score is much higher than that and my score never went down more than 40 points anyway. Also, my loan was rated a C when I took it (July 2008) and this time it is rated an HR and Prosper cannot explain me the criteria used in this as well. Since last year, I closed a lease account and opened only one more account. What is the big deal if I am paying properly and do not have any collections or anything like that? Please explain if you know anything about it. Reply to this comment Hi,
I was reading your blog and I was wondering why my application was declined right away. I have a 1 year loan with Prosper and I have been paying properly, I have been doing all my other payments properly too. Not even one is delayed. The problem is that I have lived in the US since 2005 only, and most of my accounts seem to be maxed, due to the lender or credit card agency not properly displaying my credit limit or suddenly lowering it to the level of the balance. But I have been a good lender all through those 3,5 years. Now Prosper is telling me that my score is lower than 640 and has gone down more than 40 points since last year, but is unable to explain me how they got to that number. My Experian score is much higher than that and my score never went down more than 40 points anyway. Also, my loan was rated a C when I took it (July 2008) and this time it is rated an HR and Prosper cannot explain me the criteria used in this as well. Since last year, I closed a lease account and opened only one more account. What is the big deal if I am paying properly and do not have any collections or anything like that? Please explain if you know anything about it.
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]]> By: Tom http://skfox.com/2007/12/19/my-prosper-experience-as-an-hr-borrower/comment-page-1/#comment-30 Tom Fri, 22 Feb 2008 10:21:32 +0000 http://skfox.com/2007/12/19/my-prosper-experience-as-an-hr-borrower/#comment-30 Shaun, I just found your blog. Not sure why I didn't know about it before. I enjoyed reading all your posts about Prosper. Why do you think you got a higher interest rate as a D borrower vs. a HR borrower? Was it just timing? The loan size is also larger but that shouldn't make too big of a difference. Anyway, I enjoyed your Prosper posts. Perhaps you should write one for the next P2P lending blog carnival. Tom Shaun,

I just found your blog. Not sure why I didn’t know about it before. I enjoyed reading all your posts about Prosper.

Why do you think you got a higher interest rate as a D borrower vs. a HR borrower? Was it just timing? The loan size is also larger but that shouldn’t make too big of a difference.

Anyway, I enjoyed your Prosper posts. Perhaps you should write one for the next P2P lending blog carnival.

Tom

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