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Prosper month hits 30% Delinquent(total loans made)

It was a close race with several months in competition

to see which month would hit 30% Delinquent first but April 2006 won by a nose.

http://www.lendingstats.com/loansFunded

This entry was posted on April 25th, 2008 at 04:44:04 pm and is filed under General.

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2 comments

Comment from: grape7557 [Member] Email
Out of curiosity I checked the link to look at all the delinquencies. What caught my eye was no defaults from Aug 07 - Apr 08. How can that be???? I guess I ask because of this note to me from Prosper:

Loan: Enchante Teas sill needs help! (Loan #13562)
Borrower: Allyenchanted
Default date: Mar-07-2008
Principal balance before default: $47.73

Could Lending Stats be screwed up?

Answer: Not if they depend on Prosper data. I ran a check of these dates on their performance page and voila! No defaults from Aug 07 - Mar 08!!!

Am I missing something here???

How reliable is Prosper data?????
04/26/08 @ 01:02
Comment from: bamalucky [Member]
Prosper hasn't sold any loans to a junk debt buyer in months.The sale is supposed to be next week,so you are soon gonna see a ton of defaults.Prosper is supposed to sell them at 4+ late but some are unsold after 8 months.

My question would be "
How reliable is Prosper"
04/26/08 @ 08:48

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