My Prosper.com experience

According to Doug Fuller Vice President of Operations,

As a result of these efforts, Prosper received a record number of bids
on the sale file (eight). Unfortunately, all of the bids were extremely
low.

Sell my loans now for anything you can get.You only delay this to continue your lying advertising.Sell them now & add them to the performance tab so new lenders can see the true number of defaults! 

Prosper,sell these damn loans.Every day that goes by the loans are worth less.

Doug Fuller brags about collecting on 12 of them,yet fails to mention there are 1,176 of them.These loans are declining in value far faster than the money on 12 of them are coming in!

Several states & cities have implimented nasty tricks to keep foreclosure filings down & even prolong the agony.

http://biz.yahoo.com/ap/080429/foreclosure_rates.html 

I'm crying foul.Let the market flood & for one time,allow home buyers to get a good deal. Banks are getting sweet rate deals from the FED,yet aren't passing it along to the consumer.All this is is another backend attempt to bail big business out.

March 2008 now has $34,400 late & April isn't even over yet.Only about 50% of March 08 loans even qualify to be >15 days late.

http://www.lendingstats.com/loans?lenderId=&keyword=&dtiLow=0&dtiHigh=-1&loanAmountLow=0&loanAmountHigh=25000&_ros=4&_ros=5&_ros=6&_ros=7&_ros=8&_ros=9&_ros=10&_ros=11&startDate=2008-03-01&endDate=2008-03-31&accountVerified=&homeOwner=&automaticFunding=&submit=Generate 

Lend away my friends.I'll stick with secured debt.

The much anticipated competition for prosper.com has been in beta test for decades it seems,but not any longer.

Those of you wishing to own your very own P2P platform need only click here http://p2ptechforsale.com/

This appears to be a sure sign of someone(Venture Capital) deciding to end this game early on.