Comments on: Prosper and high-risk loans http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/ Personal finance, commentary, and spending less the easy way Fri, 12 Mar 2010 04:59:46 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: RANDY http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/comment-page-1/#comment-77311 RANDY Sun, 22 Jul 2007 03:38:29 +0000 http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/#comment-77311 IF YOU WANT A SECURE INVESTMENT STOP TRYING TO LEND TO STRANGERS. GO IRA,S BONDS... BUT IF YOU JUST WANT TO LOAN TO HIGH RISK AND REMEMBER HIGH RISK ARE PAYING HIGHER RATES.......................................................... GOES BOTH WAYS BOYS!!! IF YOU WANT A SECURE INVESTMENT STOP TRYING TO LEND TO STRANGERS.
GO IRA,S BONDS… BUT IF YOU JUST WANT TO LOAN TO HIGH RISK AND REMEMBER HIGH RISK ARE PAYING HIGHER RATES………………………………………………….
GOES BOTH WAYS BOYS!!!

]]> By: RANDY http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/comment-page-1/#comment-77310 RANDY Sun, 22 Jul 2007 03:33:50 +0000 http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/#comment-77310 NOT EVERYONE HAS GREAT CREDIT AND ALOT DO PAY OFF THE LOANS. YOU SHOULD ALL START THE SNOB DUDES LENDING CLUB AND LOAN TO EACH OTHER SO U CAN ALL SIT AROUND AND BITCH!!!! NOT EVERYONE HAS GREAT CREDIT AND ALOT DO PAY OFF THE LOANS. YOU SHOULD ALL START THE SNOB DUDES LENDING CLUB AND LOAN TO EACH OTHER SO U CAN ALL SIT AROUND AND BITCH!!!!

]]> By: J at Home Finance Freedom http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/comment-page-1/#comment-71881 J at Home Finance Freedom Thu, 28 Jun 2007 18:51:32 +0000 http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/#comment-71881 Hello. I have been writing about the snowballing defaults (and tried to comment on My Money Blog with no luck) and concluded that accurate returns should be tracked as follows: "Therefore, perhaps Prosper profits should be tracked by making the loan, recording a -100% return (100% loss), updating to a -97% return after the first payment, and so forth."--my 6/26 article Thank you. Hello. I have been writing about the snowballing defaults (and tried to comment on My Money Blog with no luck) and concluded that accurate returns should be tracked as follows:

“Therefore, perhaps Prosper profits should be tracked by making the loan, recording a -100% return (100% loss), updating to a -97% return after the first payment, and so forth.”–my 6/26 article

Thank you.

]]> By: tycoon http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/comment-page-1/#comment-71322 tycoon Wed, 27 Jun 2007 17:54:59 +0000 http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/#comment-71322 Check out lendingstats.com Check out lendingstats.com

]]> By: dimes http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/comment-page-1/#comment-70354 dimes Tue, 26 Jun 2007 22:02:35 +0000 http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/#comment-70354 I'm a cynic, but I'd be wary of anyone who needed a loan from Prosper. From what I've seen the interest rates are damned high, and I'd wonder why I should fund someone who seems to be a bad risk. And if they're not a bad risk, why don't they have a credit card or some other means of finance? Why resort to person-to-person loans? I’m a cynic, but I’d be wary of anyone who needed a loan from Prosper. From what I’ve seen the interest rates are damned high, and I’d wonder why I should fund someone who seems to be a bad risk. And if they’re not a bad risk, why don’t they have a credit card or some other means of finance? Why resort to person-to-person loans?

]]> By: Jonathan http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/comment-page-1/#comment-70176 Jonathan Tue, 26 Jun 2007 18:40:51 +0000 http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/#comment-70176 It's very interesting how much deep analysis can be put into Prosper. If you'd like to share, what is your ROI so far after fees and defaults? Does Prosper calculate this for you? (I'm not a lender, so I don't know.) It’s very interesting how much deep analysis can be put into Prosper.

If you’d like to share, what is your ROI so far after fees and defaults? Does Prosper calculate this for you? (I’m not a lender, so I don’t know.)

]]> By: tycoon http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/comment-page-1/#comment-70024 tycoon Tue, 26 Jun 2007 15:35:08 +0000 http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/#comment-70024 I look at defaults over the past 7 years and steer clear of those that have any history of missing payments. I look at defaults over the past 7 years and steer clear of those that have any history of missing payments.

]]> By: Joseph Quientus Chen http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/comment-page-1/#comment-69861 Joseph Quientus Chen Tue, 26 Jun 2007 12:19:38 +0000 http://www.mightybargainhunter.com/2007/06/26/prosper-and-high-risk-loans/#comment-69861 I took on a majority of C-grade and below loans. I have two in default, but so far the interest has paid for the "lost" loans. So right now, I'm split even but with two borrowers late. One 15 days and the other is a month. So far, over time, taking the higher risk loans seems to hedge the risk of defaults from a few people. I have also taken on AA and A borrowers, but with the return so low -- compared to the equities market, I don't bother. I took on a majority of C-grade and below loans. I have two in default, but so far the interest has paid for the “lost” loans. So right now, I’m split even but with two borrowers late. One 15 days and the other is a month. So far, over time, taking the higher risk loans seems to hedge the risk of defaults from a few people. I have also taken on AA and A borrowers, but with the return so low — compared to the equities market, I don’t bother.

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