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Mtnchick
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« Reply #60 on: September 18, 2008, 09:56:31 AM » |
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I got no one line generators, BUT I already had a username. The fact that the stock photos are being used is even more interesting than the names and leads me to believe that P----r is offering up the pictures (which we've found several aren't stock/free photos). If I relist is it possible for me to change to one of the made up ones to see if they are randomly giving out (stolen) pictures?
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"lol. Go no further than my myspace or facebook to see proof of my "lack" of real life friends." BFS/JZ//plaquenasty/abcdefg/Whatever
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112233
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« Reply #61 on: September 18, 2008, 09:57:46 AM » |
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another random thought
1) underwriter does not approve borrower at a brick and mortar lending institution (look at the crisis in the financial market and the tightening of approval criteria)
2) they say hey, let's try prosper. if it funds, they split the profit with prosper or mark up the fees to the borrower.
result: we get to bid on the crap that wouldnt be approved otherwise and we dont have the advantage of reviewing the borrower's complete credit report.
again, just a thought. no proof. im just trying to understand why a listing would be automatically created
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Xenon481
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« Reply #62 on: September 18, 2008, 10:26:02 AM » |
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another random thought
1) underwriter does not approve borrower at a brick and mortar lending institution (look at the crisis in the financial market and the tightening of approval criteria)
2) they say hey, let's try prosper. if it funds, they split the profit with prosper or mark up the fees to the borrower.
result: we get to bid on the crap that wouldnt be approved otherwise and we dont have the advantage of reviewing the borrower's complete credit report.
again, just a thought. no proof. im just trying to understand why a listing would be automatically created
There was already a company that did this back in the early days. Luckily, the loan I have from their group is still current. http://www.prosper.com/groups/group_home.aspx?group_short_name=A1FL |
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112233
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« Reply #63 on: September 18, 2008, 10:28:39 AM » |
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another random thought
1) underwriter does not approve borrower at a brick and mortar lending institution (look at the crisis in the financial market and the tightening of approval criteria)
2) they say hey, let's try prosper. if it funds, they split the profit with prosper or mark up the fees to the borrower.
result: we get to bid on the crap that wouldnt be approved otherwise and we dont have the advantage of reviewing the borrower's complete credit report.
again, just a thought. no proof. im just trying to understand why a listing would be automatically created
There was already a company that did this back in the early days. Luckily, the loan I have from their group is still current. http://www.prosper.com/groups/group_home.aspx?group_short_name=A1FLdid they have a relationship with prosper or use software created by prosper for such a purpose? |
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Xenon481
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« Reply #64 on: September 18, 2008, 10:29:25 AM » |
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another random thought
1) underwriter does not approve borrower at a brick and mortar lending institution (look at the crisis in the financial market and the tightening of approval criteria)
2) they say hey, let's try prosper. if it funds, they split the profit with prosper or mark up the fees to the borrower.
result: we get to bid on the crap that wouldnt be approved otherwise and we dont have the advantage of reviewing the borrower's complete credit report.
again, just a thought. no proof. im just trying to understand why a listing would be automatically created
There was already a company that did this back in the early days. Luckily, the loan I have from their group is still current. http://www.prosper.com/groups/group_home.aspx?group_short_name=A1FLdid they have a relationship with prosper or use software created by prosper for such a purpose? Other than charging GL-Fees, no. I was specifically referencing the part about a loan maker sending their junk that even they wouldn't fund to Prosper. |
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ira01
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« Reply #65 on: September 18, 2008, 11:16:55 AM » |
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+1. This is un-freaking-believable (but unfortunately not for Prosper). They have really taken their anti-PII crusade to a whole new level. I wonder how long it will be until you have to use their made up screen name, rather than being able to choose your own? My, how times have changed. Personally, I wouldn't mind if Prosper assigned borrowers a username/number... http://prosperreport.com/prosper/forums/archive/threads/2/4/7/24729.2.htm#post304715I'm not picking on you, ira01, just commenting on how back then, it was viewed as an acceptable action (not desirable, but not horrible). But so much else has been taken away in between, now it's just another link in a long chain, and it's an entirely different environment we're dealing with. Interesting -- I had totally forgotten about that post. As you note, however (and as is evident by the rest of my old post), that was in the context of still having the other information (such as GL's with the borrower's identity to vet listings on our behalf, borrower city information, etc.). |
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ira01
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« Reply #66 on: September 18, 2008, 11:18:29 AM » |
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If prosper hasn't implemented a description generator, then I stand by my position that the above loans are all fraudulent.
hold on. this is fraud, period. the only question is whether it was committed by the borrower or prosper. it would be fraud on prosper's part if lenders are reading listings they thought were created by the borrower, but in fact were assembled by prosper. this includes the use the use of photography that has nothing to do with the borrower. even if the borrower chose the photos from a list provided by prosper, it's still fraud IMHO because prosper is encouraging and participating in the deception of lenders. +1. If Prosper wanted to do this, it would need to make it clear to lenders that this is what is being done. Not try to sneak it by. |
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DakotahFury
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« Reply #67 on: September 18, 2008, 02:53:11 PM » |
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The longer these listings stay up, the more sinister this whole scenario feels.
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Nora_Lenderbee
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« Reply #68 on: September 18, 2008, 03:02:05 PM » |
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I wonder whether Prosper might be under some kind of legal pressure (from whom, I don't know) to do more to protect borrowers' personal infomation. Making a random username the default might satisfy some demand, even though it isn't a good idea for other reasons. Just speculating.
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Urbi_et_Orbi
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« Reply #69 on: September 18, 2008, 08:44:00 PM » |
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It's hard to believe that prosper would waste time and resources to implement an auto-created listing description and photo just to prevent lenders from finding PII. I dont think there are enough borrowers being "discovered" to justify this change (expensive and time consuming) from prosper's point of view.
To be perfectly frank, I don't find it very hard to believe at all |
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"Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called Everybody and they meet at the bar." --Drew Carey
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Cushie
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« Reply #70 on: September 19, 2008, 11:01:04 AM » |
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It's hard to believe that prosper would waste time and resources to implement an auto-created listing description and photo just to prevent lenders from finding PII. I dont think there are enough borrowers being "discovered" to justify this change (expensive and time consuming) from prosper's point of view.
To be perfectly frank, I don't find it very hard to believe at all +1. Prosper seems to revel in fixing what isn't broke and ignoring the rest. |
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Fred93
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« Reply #71 on: September 20, 2008, 04:51:17 PM » |
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Here's another http://www.prosper.com/lend/listing.aspx?listingID=394775$5000 again, AA, professional looking portrait photo, doesn't quite look like stock art tho, and the one line description this time is.... This loan will be used to…consolidate monthly bills and to improve my credit score. AA's don't "consolidate monthly bills". In fact you can't usefully "consolidate monthly bills" with a loan, 'cause monthly bills are monthly, and they keep comin' and comin' month after month. |
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pioneer11
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« Reply #72 on: September 20, 2008, 07:11:40 PM » |
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Is this for real??? it's not April! I just logged out and hit "Join Now" a few times. The screen names it gave me: payment-booster market-saver bazaar-hotshot576 debt-exchanger I had wondered why on earth one borrower had selected funds-taker5 as a screen name, now I know Prosper suggested it to her! I got "wampum-taker". Outstanding! |
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"Although we refer to you and other individuals as 'lenders', the loans are being made by Prosper and then sold to you, making you a loan purchaser. The term "lender" is used through the site for the sake of simplicity."  |
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Cushie
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« Reply #73 on: September 20, 2008, 07:14:04 PM » |
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Is this for real??? it's not April! I just logged out and hit "Join Now" a few times. The screen names it gave me: payment-booster market-saver bazaar-hotshot576 debt-exchanger I had wondered why on earth one borrower had selected funds-taker5 as a screen name, now I know Prosper suggested it to her! I got "wampum-taker". Outstanding! Seriously? That's a fabulous name. |
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112233
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« Reply #74 on: September 20, 2008, 07:18:03 PM » |
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Is this for real??? it's not April! I just logged out and hit "Join Now" a few times. The screen names it gave me: payment-booster market-saver bazaar-hotshot576 debt-exchanger I had wondered why on earth one borrower had selected funds-taker5 as a screen name, now I know Prosper suggested it to her! I got "wampum-taker". Outstanding! if you become a new borrower, you will fit right in with that name |
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