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Prospers.ORG Prosper Forum > Public Boards > The Lobby > Fred93 blog 06/01/09 Prosper late loan stats
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Author Topic: Fred93 blog 06/01/09 Prosper late loan stats  (Read 562 times)
Fred93
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« on: June 05, 2009, 03:14:03 am »
Yawn.  (Its late here.)   Fred just updated his blog with the June 1 Prosper stats.

The latest blog update...
http://fred93blog.blogspot.com/2009/06/prospercom-060109-late-loan-stats.html

The meat...
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CleanRivers
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« Reply #1 on: June 05, 2009, 03:14:43 am »
Thanks Fred.
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cowdog
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« Reply #2 on: June 05, 2009, 03:47:23 am »
I have to admit I didn't think the default rate would be this high.

All loans that are aged enough to have repaid principal have a minimum 30% default rate.

Yikes.
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xraider
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« Reply #3 on: June 05, 2009, 07:57:43 am »
Those curves are still scary steep. 

Thanks, Fred.
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Prosper missed me.  They lifted my suspension a day early.
NewHorizon
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« Reply #4 on: June 05, 2009, 09:32:23 am »
Quote from: xraider on June 05, 2009, 07:57:43 am
Those curves are still scary steep.  

And how many times has Fred put up a chart where somebody opines, "I think it's leveling off...."?  
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Senator
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« Reply #5 on: June 05, 2009, 09:34:59 am »
Quote from: NewHorizon on June 05, 2009, 09:32:23 am
And how many times has Fred put up a chart where somebody opines, "I think it's leveling off...."?  
Well..... Those 05/2006 loans should be leveling off in just a few more months.

ETA: Thanks Fred.
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Stats as of 6/28/2010:
Total withdrawals: $3,488.74 minus (-) Total deposits: $3,600.00 = ($111.26)
Cash balance: $0
Principal value of active notes:  $0
Total active notes: 0 of 70.

Successful loans are made to persons who are on a clear path to financial stability. -Mjerryfirst May 18th, 2008.

I know that when I make my 10% those "unbelievers" will call it luck cause that will be the easiest way to excuse their mistakes. -Researchpro May 5th, 2009.

It's a great time to be poor and irresponsible in America. -PPT May 2009
Mark12547
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« Reply #6 on: June 05, 2009, 10:22:36 am »
Quote from: Senator on June 05, 2009, 09:34:59 am
Quote from: NewHorizon on June 05, 2009, 09:32:23 am
And how many times has Fred put up a chart where somebody opines, "I think it's leveling off...."?  
Well..... Those 05/2006 loans should be leveling off in just a few more months.
Cheesy  Cheesy  Cheesy

Hopefully Prosper will remain in business long enough for us to see the numbers.

Quote from: Senator on June 05, 2009, 09:34:59 am
ETA: Thanks Fred.
+1
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bankomatic
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« Reply #7 on: June 05, 2009, 12:11:33 pm »
Thanks for the update. It looks like the pain stops at 40% or so.
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