zcommodore

I think there may be several group leaders who post information about the late borrowers in their group at least somewhere but since I have a late loan with this group, I thought I'd blog about it.

Lend2 is one of the largest lenders on Prosper.  He started a group at one point and one of the things he mentioned on his group page was, "I said I wouldn't do it but I started a group anyway." or something to that extent.  Later, he closed his group for personal reasons although I'm thinking he may have seen the hand writing on the wall--that his group wasn't performing up to his expectations.

Anyway, he still maintains contact with the members of his group who are late, or at least attempts to.  He has this website that he updates with information he has received from the borrowers who are late.

My late borrower, missouri_veteran, says among other things that she was hoping to make a payment by the end of the month (in August) but she's now a month late and rapidly headed towards 2 months (payment due on the 12th).

It is nice to know some information but frankly, unless a payment is attached, I don't hold out much hope anymore for borrowers who are more than a month late.

I know, because I have several borrowers like that in my own group.