My Prosper.com experience http://www.prospers.org/blogs/bamalucky en-US http://blogs.law.harvard.edu/tech/rss 60 Prosper.com still sucks http://www.prospers.org/blogs/bamalucky/2009/08/13/prosper-com-still-sucks Thu, 13 Aug 2009 23:26:10 +0000 bamalucky General 349@http://www.prospers.org/blogs/ <p>Heads up to the new lenders out there. Read <a href="http://www.prospers.org">http://www.prospers.org</a> before you "invest" a penny.</p><div class="item_footer"><p><small><a href="http://www.prospers.org/blogs/bamalucky/2009/08/13/prosper-com-still-sucks">Original post</a> blogged on <a href="http://b2evolution.net/">b2evolution</a>.</small></p></div> Heads up to the new lenders out there. Read http://www.prospers.org before you "invest" a penny.

Original post blogged on b2evolution.

]]> http://www.prospers.org/blogs/bamalucky/2009/08/13/prosper-com-still-sucks#comments I'm still alive http://www.prospers.org/blogs/bamalucky/2009/05/07/prosper-is-dead-again Fri, 08 May 2009 02:23:23 +0000 bamalucky General 348@http://www.prospers.org/blogs/ <p>But blogging is boring.</p><div class="item_footer"><p><small><a href="http://www.prospers.org/blogs/bamalucky/2009/05/07/prosper-is-dead-again">Original post</a> blogged on <a href="http://b2evolution.net/">b2evolution</a>.</small></p></div> But blogging is boring.

Original post blogged on b2evolution.

]]> http://www.prospers.org/blogs/bamalucky/2009/05/07/prosper-is-dead-again#comments I quit the Prosper Class Action lawsuit http://www.prospers.org/blogs/bamalucky/2009/01/06/i-quit-the-prosper-class-action-lawsuit Tue, 06 Jan 2009 19:38:45 +0000 bamalucky General 347@http://www.prospers.org/blogs/ <p>Today i formally requested that my name be taken off any class action lawsuit initiated by Phillip Kim, Esq.<br /> The Rosen Law Firm, P.A.350 5th Avenue, Suite 5508<br /> New York, New York 10118</p> <p>The lawyer asked me to stop discussing the lawsuit.Even the parts that are public information found on court websites.<br /> He seems distressed that threads on prospers.org were discussing the fees his firm could possibly collect.</p> <p>I was commenting about Prosper long before he was around &amp; have no intention of having my voice silenced.I honored his requests that private confidential lawsuit details remain private.</p> <p>I think he's afraid some other ambulance chaser will piggyback &amp; get a few class members.</p><div class="item_footer"><p><small><a href="http://www.prospers.org/blogs/bamalucky/2009/01/06/i-quit-the-prosper-class-action-lawsuit">Original post</a> blogged on <a href="http://b2evolution.net/">b2evolution</a>.</small></p></div> Today i formally requested that my name be taken off any class action lawsuit initiated by Phillip Kim, Esq.
The Rosen Law Firm, P.A.350 5th Avenue, Suite 5508
New York, New York 10118

The lawyer asked me to stop discussing the lawsuit.Even the parts that are public information found on court websites.
He seems distressed that threads on prospers.org were discussing the fees his firm could possibly collect.

I was commenting about Prosper long before he was around & have no intention of having my voice silenced.I honored his requests that private confidential lawsuit details remain private.

I think he's afraid some other ambulance chaser will piggyback & get a few class members.

Original post blogged on b2evolution.

]]> http://www.prospers.org/blogs/bamalucky/2009/01/06/i-quit-the-prosper-class-action-lawsuit#comments Class action lawsuit against Prosper Marketplace Inc http://www.prospers.org/blogs/bamalucky/2008/11/26/class-action-lawsuit-against-prosper-mar Wed, 26 Nov 2008 22:15:00 +0000 bamalucky General 346@http://www.prospers.org/blogs/ <p>To participate in the class action lawsuit against Prosper contact<br /> Phillip Kim, Esq.<br /> The Rosen Law Firm, P.A.<br /> 350 5th Avenue, Suite 5508<br /> New York, New York 10118<br /> email: <a href="mailto:pkim@rosenlegal.com">pkim@rosenlegal.com</a><br /> tel: (212) 686-1060</p> <p>I am one of 3 named lead plaintiffs.</p><div class="item_footer"><p><small><a href="http://www.prospers.org/blogs/bamalucky/2008/11/26/class-action-lawsuit-against-prosper-mar">Original post</a> blogged on <a href="http://b2evolution.net/">b2evolution</a>.</small></p></div> To participate in the class action lawsuit against Prosper contact
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
350 5th Avenue, Suite 5508
New York, New York 10118
email: pkim@rosenlegal.com
tel: (212) 686-1060

I am one of 3 named lead plaintiffs.

Original post blogged on b2evolution.

]]> http://www.prospers.org/blogs/bamalucky/2008/11/26/class-action-lawsuit-against-prosper-mar#comments SEC steps in on Prosper http://www.prospers.org/blogs/bamalucky/2008/11/25/sec-steps-in-on-prosper Tue, 25 Nov 2008 15:05:32 +0000 bamalucky General 345@http://www.prospers.org/blogs/ <p>Prosper operates an online lending platform connecting borrowers with lenders. The loan notes issued by Prosper pursuant to this platform are securities and Prosper, from approximately January 2006 through October 14, 2008, violated Sections 5(a) and (c) of the Securities Act, which prohibit the offer or sale of securities without an effective registration statement or a valid exemption from registration.</p> <p><a href="http://www.sec.gov/litigation/admin/2008/33-8984.pdf">http://www.sec.gov/litigation/admin/2008/33-8984.pdf</a></p><div class="item_footer"><p><small><a href="http://www.prospers.org/blogs/bamalucky/2008/11/25/sec-steps-in-on-prosper">Original post</a> blogged on <a href="http://b2evolution.net/">b2evolution</a>.</small></p></div> Prosper operates an online lending platform connecting borrowers with lenders. The loan notes issued by Prosper pursuant to this platform are securities and Prosper, from approximately January 2006 through October 14, 2008, violated Sections 5(a) and (c) of the Securities Act, which prohibit the offer or sale of securities without an effective registration statement or a valid exemption from registration.

http://www.sec.gov/litigation/admin/2008/33-8984.pdf

Original post blogged on b2evolution.

]]> http://www.prospers.org/blogs/bamalucky/2008/11/25/sec-steps-in-on-prosper#comments Prosper borrower email about Bankruptcy http://www.prospers.org/blogs/bamalucky/2008/10/22/prosper_borrower_email_about_bankruptcy Wed, 22 Oct 2008 18:12:20 +0000 bamalucky General 340@http://www.prospers.org/blogs/ <p>Hello,<br /><br />My name is Laura. In March of 2007, you bid on my loan (<a href="http://www.prosper.com/lend/listing.aspx?listingID=109642" target="_blank">http://www.prosper.com/lend/listing.aspx?listingID=109642</a>).<br /> I want to thank you for the faith that you put, but it is with much<br /> regret that I must tell you that I am declaring bankruptcy. <br /><br />I<br /> wanted to let everyone know. I expect that this is going to come as<br /> unwelcome news, but I felt it was best to tell everyone personally<br /> before you heard it from Prosper. I will not offer any excuses or<br /> reasons, as I feel that that is probably not important to you. I will<br /> just say that times are rough for everyone right now, including me. I<br /> have contacted all of my creditors, including Prosper, to see if they<br /> could work with me on refinance or a deferment, but I have not been<br /> successful in obtaining any such help. I am not faulting anyone for my<br /> situation except myself; I listened to bad advice, and made poor<br /> choices with my credit, but in the end it was still my choice to take<br /> the advice. I wish there was another way, but I am at my wits end, and<br /> I cannot do it anymore. <br /><br />I sincerely apologize,<br />Laura </p><div class="item_footer"><p><small><a href="http://www.prospers.org/blogs/bamalucky/2008/10/22/prosper_borrower_email_about_bankruptcy">Original post</a> blogged on <a href="http://b2evolution.net/">b2evolution</a>.</small></p></div> Hello,

My name is Laura. In March of 2007, you bid on my loan (http://www.prosper.com/lend/listing.aspx?listingID=109642).
I want to thank you for the faith that you put, but it is with much
regret that I must tell you that I am declaring bankruptcy.

I
wanted to let everyone know. I expect that this is going to come as
unwelcome news, but I felt it was best to tell everyone personally
before you heard it from Prosper. I will not offer any excuses or
reasons, as I feel that that is probably not important to you. I will
just say that times are rough for everyone right now, including me. I
have contacted all of my creditors, including Prosper, to see if they
could work with me on refinance or a deferment, but I have not been
successful in obtaining any such help. I am not faulting anyone for my
situation except myself; I listened to bad advice, and made poor
choices with my credit, but in the end it was still my choice to take
the advice. I wish there was another way, but I am at my wits end, and
I cannot do it anymore.

I sincerely apologize,
Laura

Original post blogged on b2evolution.

]]> http://www.prospers.org/blogs/bamalucky/2008/10/22/prosper_borrower_email_about_bankruptcy#comments Prosper deletes everything! http://www.prospers.org/blogs/bamalucky/2008/10/21/prosper_deletes_everything Tue, 21 Oct 2008 18:35:54 +0000 bamalucky General 339@http://www.prospers.org/blogs/ <p>What a shame.Once again to quell dissent,Prosper deletes all info under the guise of quiet period.Remving info submitted by users is a pathetic lame attempt to delete history once again.Those of the newer people to Prosper may not realize there was an old forum with 400,000 posts that they completely took down.</p><p>&nbsp;</p><p>I guess Prosper is afraid the SEC will find out about some of the shady things they do.&#160;</p><div class="item_footer"><p><small><a href="http://www.prospers.org/blogs/bamalucky/2008/10/21/prosper_deletes_everything">Original post</a> blogged on <a href="http://b2evolution.net/">b2evolution</a>.</small></p></div> What a shame.Once again to quell dissent,Prosper deletes all info under the guise of quiet period.Remving info submitted by users is a pathetic lame attempt to delete history once again.Those of the newer people to Prosper may not realize there was an old forum with 400,000 posts that they completely took down.

 

I guess Prosper is afraid the SEC will find out about some of the shady things they do. 

Original post blogged on b2evolution.

]]> http://www.prospers.org/blogs/bamalucky/2008/10/21/prosper_deletes_everything#comments Prosper is dead to lenders http://www.prospers.org/blogs/bamalucky/2008/10/15/prosper_is_dead_to_lenders Wed, 15 Oct 2008 13:29:45 +0000 bamalucky General 335@http://www.prospers.org/blogs/ <p>Anyone want to venture a guess how many loans Prosper will fund with their own money? If they ever reopen,it will be a shell of their former self.</p><p>&nbsp;</p><p>Good riddance to bad rubbish.!&#160;</p><div class="item_footer"><p><small><a href="http://www.prospers.org/blogs/bamalucky/2008/10/15/prosper_is_dead_to_lenders">Original post</a> blogged on <a href="http://b2evolution.net/">b2evolution</a>.</small></p></div> Anyone want to venture a guess how many loans Prosper will fund with their own money? If they ever reopen,it will be a shell of their former self.

 

Good riddance to bad rubbish.! 

Original post blogged on b2evolution.

]]> http://www.prospers.org/blogs/bamalucky/2008/10/15/prosper_is_dead_to_lenders#comments