My Prosper.com experience

http://www.prosper.com/lend/listing.aspx?listingID=191831

B credit.Made 5 payments.Thanks Prosper for keeping all the tools to allow us to see the total Scorex away from us so we can't see borrowers who are on the way to bankruptcy.

Prosper banned me for my outspoken ways & attempts to educate new lenders. For all you new lenders out there

The most valuable lending tool available is read

http://www.prospers.org/

I lost $1100 minus 5 payments on this loan.My plan was to bid $1000 on 100 loans on Prosper but I noticed so many scoring flaws like borrowers in their budget listing thousands of dollars of credit card debt that the data Prosper was showing us didn't even have listed.Homeownership icon is a joke.That actually hurts borrowers chances of repaying.

 I'd also like to comment about the guy on the Prosper blog who values all of his lates at 100% of value when figuring his ROI.This loan is at 1 month late & using his model,he would say it is worth 100% of outstanding principle.I'm offering right now,right here to sell it to him for 15% of the outstanding amount owed to me.Hell let's just call it $100 even.Wanna buy it?