tag:blogger.com,1999:blog-74726046898144405022009-10-14T20:38:14.982-04:00LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.comBlogger132125tag:blogger.com,1999:blog-7472604689814440502.post-34242296593508126712009-05-04T10:25:00.006-04:002009-05-04T10:33:05.927-04:00

Finally, Prosper.com is back. I really needed to get my Prosper photo fix. The pickins are a little slim, but they didn't let me down.“Dental work for my husband”“I really am in need”“It's a booming real estate market in Florida now.”“I don't want to go into debt so that's why I need the loan. ““This loan will be used to start a fitwear clothing line with matching accessories and add additional

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-37277606170402368802008-09-23T09:30:00.004-04:002008-09-23T09:42:32.098-04:00

This pianist looks like treble..."I am a good candidate for this loan because I just need a lilttle of extra money to make ends meet."“I am caught in a trap”“we a sweltering.”"I can show you proof of anything you'd like to see. ""If these loan don't get funded i will have no choice but to turn to bank loan sharks! So please help! I'd rather give you the money:)!It also appears Sarah Palin has

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-31140459194033309182008-09-17T14:23:00.005-04:002008-09-17T14:33:28.271-04:00

I just found out today that Prosper had a Screen Name Generator * (after seeing some rather strange borrower screen names on listings, such as "value-demon"). I have no idea how long this thing has been around, but it sure makes some interesting names. *-must be logged out to seeSo, lets have some fun!Here are some good ones we've seen so far:

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com6tag:blogger.com,1999:blog-7472604689814440502.post-14274148477106620892008-09-15T11:36:00.001-04:002008-09-15T11:38:26.656-04:00

“I am a server at red robin making $80-$140 night and I would like so dearly to make this web company become my future career.”“Do you want to make money?” No, I want you to put some clothes on…I didn’t realize it was possible to play twister without the mat…“My Credit score is 660 as of last month before My identity was stolen.”"I could ask my parents for money and they would give it to me but

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-18929903932377605812008-09-08T15:25:00.002-04:002008-09-08T15:27:08.796-04:00

“This past year I hit rock-bottom. ““A major crash is inevitable and drawing near.” “I was in a bad relationship with my 20 month olds father and he burned all of my belongings a little over a year ago while I was at work.” Except the bath tub and a little soap...A nice group of attractive friends. What a wonderful memory this picture must bring. Except that girl in the background had to go and

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-59530207607920834902008-09-05T14:00:00.001-04:002008-09-05T14:03:21.771-04:00

August 08 Warm n Fuzzy Index:53% - 37/70(Last month's reading: 53%)8/10 - Personal Performance: +1 from previous month. My ROI broke above 8% again (just barely)6/10 - Peer Performance: No Change.7/10 - Prosper Management: No Change. John Witchel, co-founder of Prosper left. I’m not sure if this is a big deal or not.8/10 - Platform Improvement: +1 from previous month. (click here to see site

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-61831591240607496812008-09-03T15:03:00.003-04:002008-09-03T15:05:40.919-04:00

It’s been a while since I went through the trouble to see how my Prosper portfolio is doing, so here it is.I use Excel’s XIRR function and count all loans 1 month late or more as having $0 loan value, 17 loans.XIRR (ROI) = 8.06%Average Loan Age = 511 daysI was a little surprised that the ROI went up since the last time I calculated it. I’ve had a bunch of loans slip into the death zone since then

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com2tag:blogger.com,1999:blog-7472604689814440502.post-44223012410202918622008-09-02T10:57:00.005-04:002008-09-02T13:52:02.820-04:00

A crapper with cup holders? Now we’re talkin’! But it’s still missing a magazine rack, foot-rest, and pillow…"My financial situation:is very stable I am a Poker dealer . I've been one for three years going on four. It's a very lucrative business I been in the field since I graduated High School first starting out as a hostess. During my tenure I met a host of prominent people who are establish

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-56265851715934103482008-08-19T10:35:00.000-04:002008-08-19T10:36:07.408-04:00

Chimps 1Humans 0:)

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-29659927947791172522008-08-18T12:14:00.003-04:002008-08-18T12:28:18.443-04:00

"I may have had no reponse from prosper in the past but I do believe in their television ads. I know that I beleive in this and that there is someone that will believe in me and give me a chance. ""Although I am technically un-employed (layed off in January), I do have unemployment money coming in to help me financially while I try to strat up this business. ""I do not have outstanding bills. I

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-25017343470571453682008-08-07T12:08:00.006-04:002008-08-07T12:14:41.918-04:00

Description from Listing:"Purpose of loanCash Flow- We need to increase our inventory for the winter season.My financial situation:I am a good candidate for this loan because… I have never defaulted or been late for a loan. The business is already making money after only being open 7 months.Monthly net income: $ 11,700.00"Pretty girls help sell motorcycles. Will they help sell this listing?

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-68384179721986693422008-07-25T11:02:00.004-04:002008-07-25T11:10:21.044-04:00

Out comes the obligatory bikini pic after the first listing didn't fund.This photo follows Law #3 of the "Fundamental (and very unscientific) Laws of Borrower Photos for the Prosper Lender". Also in the second listing, this borrower is no longer looking for a $25,000 loan...

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-35456046813134424492008-07-15T16:37:00.003-04:002008-07-15T16:48:27.905-04:00

I’ve been pretty harsh on Prosper’s Portfolio Plans (PP) since they were introduced in October 2007.This last January I wrote, “While the introduction of Portfolio Plans was a great idea for the rookie lender, I just don't think that they will perform as well as estimated.”The good thing is that I was right. The bad thing is that I was, err… right. I must admit that I only looked at one PP slice

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com2tag:blogger.com,1999:blog-7472604689814440502.post-25278872385118443402008-07-15T13:37:00.003-04:002008-07-15T13:43:13.796-04:00

"Single mom starting over"Law 3 of the Fundamental (and very unscientific) Laws of Borrower Photos for the Prosper Lender applies to this picture.Oh, Law 2 as well...

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-43887711077115958572008-07-14T22:57:00.003-04:002008-07-14T23:01:58.328-04:00

Nothing shows your unbridled enthusiasm about your Prosper listing than a cell phone picture of yourself...in a mirror...with a thumbs up...in a men's bathroom...

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-28643478413344382752008-07-14T22:03:00.003-04:002008-07-14T23:05:50.011-04:00

Only a really good cold beer could make a guy that happy...

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com2tag:blogger.com,1999:blog-7472604689814440502.post-83357861332020013982008-07-14T15:43:00.002-04:002008-07-14T15:44:02.454-04:00

What a stud…

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com1tag:blogger.com,1999:blog-7472604689814440502.post-63165739610954641472008-07-14T15:42:00.002-04:002008-07-14T15:43:09.665-04:00

The occupation reads “Professional”, but the picture screams “Realtor”…

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com1tag:blogger.com,1999:blog-7472604689814440502.post-59739804264049266252008-07-14T15:26:00.002-04:002008-07-14T15:28:23.259-04:00

This is the face made after realizing the phone sex operator is really a man.

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-14816454066427678312008-07-14T14:48:00.006-04:002008-07-25T11:34:03.386-04:00

Prosper Borrowers are competing with each other for Lender’s hard earned money. Some stand out on their own because they have good credit and show up on saved searches or receive bids automatically from Portfolio Plans. However, those with less than stellar credit need a way to attract you to their listing and hopefully bid.Some Borrowers use the title to get you to click on their listing.

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com3tag:blogger.com,1999:blog-7472604689814440502.post-69487527305456220912008-06-18T14:41:00.003-04:002008-06-18T14:44:49.887-04:00

I just went through my account details, and using Excel’s xirr function determined that my Prosper Lending ROI stands at 7.88% at the moment.I was a little surprised at the result, considering I’ve picked up more late borrowers since I last reported. Fortunately the ROI still manages to hover between 7.5% - 8.0%. It is also hovering between the two ROI estimates given by Eric and Lendingstats. (

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com3tag:blogger.com,1999:blog-7472604689814440502.post-79229054626009498642008-06-17T11:15:00.000-04:002008-06-17T11:15:11.867-04:00

More selections from recent Prosper listings."I am a good candidate for this loan because… it's a small loan and I'm using it for financial reasons.""I am a good candidate for this loan because I have a steady, long term job and I pay my bills I would just like to stop paying so much interest.""I am a good candidate for this loan because I am a very loving father and want the best vacation for

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-21456268237029987422008-06-10T10:15:00.000-04:002008-06-10T10:16:55.659-04:00

May 08 Warm n Fuzzy Index:57% - 40/70(Last month's reading: 61%)8/10 - Personal Performance: No Change.6/10 - Peer Performance: No Change.7/10 - Prosper Management: No Change. Nothing going on.8/10 - Platform Improvement: -2 this month. Not too much on the improvements side this month.Back-end updates – Booorrring…Institutional Lending interface – What happened to P2P lending?2/10 - Listing

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com0tag:blogger.com,1999:blog-7472604689814440502.post-16833683641784414052008-06-06T13:01:00.004-04:002008-06-06T13:04:14.978-04:00

Despite a record setting May 08, Prosper’s Conservative Portfolio Plan isn’t attracting much interest (pun).It could be because the estimated return is only 5.10%.There is a recent listing falling within the Conservative Plan. The interest rate offered on the listing is not high enough to attract PP bids from PP lenders that did not update their PP specifications and are still using the old

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com2tag:blogger.com,1999:blog-7472604689814440502.post-30754630881908185062008-06-06T11:57:00.005-04:002008-06-06T12:05:19.503-04:00

If you follow Prosper stuff, you should have already heard by now that May 08 became Prosper’s largest month for loan originations. Over $9.5 million in loans originated last month, besting April 07, which was the previous high.It took Prosper over a year to set a new originations record. Not exactly stellar (nor consistent) growth, but there’s more going on in the background. Let’s take a look…

LChttp://www.blogger.com/profile/16307637752476428209noreply@blogger.com2