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Author Topic: 18.55% of Prosper loans have now been charged off  (Read 38407 times)

BrassKnuckles

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Re: 18.55% of Prosper loans have now been charged off
« Reply #15 on: March 02, 2009, 05:41:17 pm »
prosper blows
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bamalucky

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Re: 18.55% of Prosper loans have now been charged off
« Reply #16 on: March 02, 2009, 07:43:43 pm »
In just a week it has already climbed to 18.93%
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ira01

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Re: 18.55% of Prosper loans have now been charged off
« Reply #17 on: March 02, 2009, 09:28:28 pm »
The only real question in my mind is whether Prosper 1.0 will hit 40% charge-offs by the time the last loan is 40 months old.
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xraider

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Re: 18.55% of Prosper loans have now been charged off
« Reply #18 on: March 06, 2009, 08:16:07 am »
Ira, it's sure looking that way.

I will be thrilled when my amount at risk drops to three digits.  This "investment" really sucks.  At least I have hope that my 401k, IRA etc will come back.  Ugh.
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Loan_shark_74

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Re: 18.55% of Prosper loans have now been charged off
« Reply #19 on: March 06, 2009, 10:08:52 am »
It's too bad we can't cash out while we're ahead.
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ira01

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Re: 18.55% of Prosper loans have now been charged off
« Reply #20 on: March 06, 2009, 11:39:13 am »
Quote from: Loan_shark_74 on March 06, 2009, 10:08:52 am
It's too bad we can't cash out while we're ahead.

Well, if the class action is successful, we can -- 100% return of principal plus 10% annual interest.
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brianguy

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Re: 18.55% of Prosper loans have now been charged off
« Reply #21 on: March 06, 2009, 11:43:58 am »
minus lawyer fees.... 40% of that   ;D
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Capital_Finance_Group

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Re: 18.55% of Prosper loans have now been charged off
« Reply #22 on: March 06, 2009, 07:35:24 pm »
Quote from: Loan_shark_74 on March 06, 2009, 10:08:52 am
It's too bad we can't cash out while we're ahead further behind.

fixed
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beerbud1

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Re: 18.55% of Prosper loans have now been charged off
« Reply #23 on: March 06, 2009, 07:38:19 pm »
Quote from: brianguy on March 06, 2009, 11:43:58 am
minus lawyer fees.... 40% of that   ;D
Attorneys are asking the judge to award attorneys fees (separately).
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bamalucky

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Re: 18.55% of Prosper loans have now been charged off
« Reply #24 on: March 12, 2009, 04:03:09 pm »
Quote from: bamalucky on March 02, 2009, 07:43:43 pm
In just a week it has already climbed to 18.93%

Another 10 days & it is 19.43%

$29,298,264 charged off
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ira01

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Re: 18.55% of Prosper loans have now been charged off
« Reply #25 on: March 13, 2009, 01:19:14 am »
Quote from: bamalucky on March 12, 2009, 04:03:09 pm
Quote from: bamalucky on March 02, 2009, 07:43:43 pm
In just a week it has already climbed to 18.93%

Another 10 days & it is 19.43%

$29,298,264 charged off

The percentage will keep on steadily increasing for as long as Prosper is not originating new loans, since there are no new loans to keep inflating the denominator (total originations).  If Prosper never reopened, it appeaars that percentage would reach about 40%.  :o
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bamalucky

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Re: 18.55% of Prosper loans have now been charged off
« Reply #26 on: March 13, 2009, 08:38:40 am »
Thats lower than the 75% i predicted in 2006 though.  ;D
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brianguy

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Re: 18.55% of Prosper loans have now been charged off
« Reply #27 on: March 13, 2009, 11:23:40 am »
Quote from: bamalucky on March 12, 2009, 04:03:09 pm
Quote from: bamalucky on March 02, 2009, 07:43:43 pm
In just a week it has already climbed to 18.93%

Another 10 days & it is 19.43%

$29,298,264 charged off


1/2 a percent in 10 days... holy smokes   :o  so in 355 more days the charge offs will be 55.5%?  (kidding... but wow)
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Fred93

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Re: 18.55% of Prosper loans have now been charged off
« Reply #28 on: March 13, 2009, 01:28:29 pm »
Quote from: brianguy on March 13, 2009, 11:23:40 am
1/2 a percent in 10 days... holy smokes   :o  so in 355 more days the charge offs will be 55.5%?  (kidding... but wow)

You understand so much better than Chris Larsen does.
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Staneslav

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Re: 18.55% of Prosper loans have now been charged off
« Reply #29 on: March 13, 2009, 02:09:50 pm »
a
« Last Edit: December 05, 2017, 04:13:11 pm by Staneslav »
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