Posted on Wednesday, 25th June 2008 by admin
A lawsuit is under way by a group of lenders against Prosper. Surprised it took this long.
[Fred93s Prosper blog]
Update: Prosper the P2P lending company, not this company.
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Posted on Sunday, 30th December 2007 by admin
As always, you can see all of my Prosper coverage in one place.
The Prosper blog invites the public to submit entries and get a t-shirt. Recently a respected member of the Prosper community submitted a post for the Prosper blog. It was rejected with the following message:
Unfortunately Prosper is not able to accept your post [...]
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Posted on Wednesday, 19th December 2007 by admin
As always, you can see all of my Prosper coverage in one place.
I waited longer then I planned too when it came to writing this entry. Prosper has been on the war path. In just the last few weeks they have:
Issued trademark infringement notices to sites critical of them
Removed members profiles that are [...]
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Posted on Thursday, 6th December 2007 by admin
It’s been brought to my attention that perhaps I shouldn’t be so hard on Prosper because I am in fact a twice successful borrower through Prosper. I’ve been meaning for some time to write about my experience as a borrower, but haven’t really fleshed the idea out much yet. I’ll get to work on it…
My [...]
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Posted on Wednesday, 5th December 2007 by admin
As always, you can see all of my Prosper coverage in one place.
Sometimes I wish I could know what Prosper (PMI) was thinking. They have deleted two years of public forums to rewrite history and censor opinions. The new forum is so heavily moderated that nothing, except cheerleaders, can get through their required moderation. Lucky [...]
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Posted on Thursday, 11th October 2007 by admin
As always, you can see all of my Prosper coverage in one place.
Prosper P2P lending as of 10/11/2007:
15,175 loans totaling $92,772,263.54
2,229 loans are late, defaulted, repurchased, or bankrupt for a loss of $11,201,836.00
Wow…just…wow. How can this be anything but a failed model?
Stats courtesy of lendingstats.com
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