tag:blogger.com,1999:blog-1598969989012938574.post3280325236164391660..comments2008-10-23T11:24:29.270-04:00Blogging Mannoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1598969989012938574.post-26491725817998341092008-10-21T17:45:00.000-04:002008-10-21T17:45:00.000-04:00I just recently discovered your Blog and appreciate you sharing your bout with loan with the world. but this site also search best knowledge loan.Loanhttp://www.loanmortgagesprofit.comnoreply@blogger.comtag:blogger.com,1999:blog-1598969989012938574.post-39145829948244936542008-05-02T09:29:00.000-04:002008-05-02T09:29:00.000-04:00Hi, Phil. Thanks for your post. I do agree that this loan comes with some risk, but that risk is offset by a very high interest rate (in my opinion). While this loan certainly has a higher risk of default relative to someone with better coverage ratios and disposable income, I do believe this loan is worth bidding on at the high rate being offered (only in a small amount, however). Per my Prosper lending experience, it is much more important to spread your bets among many loans than to "fall in love" with any one loan (and bid too much money on it). Thanks again and I hope you'll visit us again soon. I plan to do more independent analysis of interesting loans that I see in the future. <BR/><BR/>-P2P-Loans.comP2P-Loans.comwww.p2p-loans.comnoreply@blogger.comtag:blogger.com,1999:blog-1598969989012938574.post-82496233560285093272008-04-30T20:41:00.000-04:002008-04-30T20:41:00.000-04:00Great analysis. I've been a borrower and a lender to Propser, but I've been away for a little and this is the first example I've seen of 3rd party analysis. Good on ya. <BR/><BR/>I see his loan as a little riskier than you do, though. He has $75K in outstanding creidt card, and at best he might succeed at replacing a third of it with debt at a lower (Prosper) rate. The savings from that are de minimus, and not enough to make a fundamental difference in this fellow's plight. His monthly payments are - in all liklihood - the mimimum payments which means that he'll still be paying off his $50,000 credit card balance 50 years from now. And givem how muged up his balance sheet is, I'm betting that he's holding an adjustable rate mortgage on that condo of his, for which he's already paying $2700/mo. If those payments increase (or if the price of gas goes up any more, for God's sake!) he's got no margin for error whatsoever.<BR/><BR/>I'll probably take a pass on this one.Philnoreply@blogger.com