My Prosper.com experience

That's right $6,960,044. $400,000 more loans are now at the default stage.1249 loans.

Just a few loans in 2008 even qualify to be late as it's not officially late till a loan is 45 days overdue,however 45 people have managed to stiff the lenders already this year.Keep in mind that only 15% of late loans ever come current.

Oh yea,did i mention that prosper has 3677 late- defaulted loans in their history,not counting 66 removed for lawsuits & no telling how many due to ID theft.

http://www.lendingstats.com/loans?_los=1&_los=2&_los=3&_los=12&_los=13&_los=14&_ros=4&_ros=5&_ros=6&_ros=7&_ros=8&_ros=9&_ros=10&_ros=11&_ls=1&_ls=2&_ls=3&_ls=4&_ls=5&_ls=6&_ls=7&_ls=8

Barely able to qualify to go late,somehow 4 borrowers have already managed to go late on a prosper loan.

http://www.lendingstats.com/listings/292607

http://www.lendingstats.com/listings/290816

http://www.lendingstats.com/listings/289019

http://www.lendingstats.com/listings/281004 

I've saw 1 other p2p blogger blog about the problem.There is a HUGE lack of coverage AKA denial going on.

How can you guys ignore the biggest news to ever come out of Prosper Marketplace Inc?

Well it had to come out sooner or later.4+ lates are now worth about 3 cents on the dollar.

http://www.prospers.org/forum/doug_fooler_responds_again-t6978.0.html