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Author Topic: Prosper plans to reopen  (Read 32098 times)

bamalucky

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Re: Prosper plans to reopen
« Reply #30 on: April 28, 2009, 08:44:46 am »
Prosper bidding history only goes back to Oct 2007.What a scam.They totally blow off all the 40% default months before then.

Quote
Prosper's Improved Risk Rating System

Prosper has also improved its credit grading system with the introduction of a new proprietary credit grading system called Prosper Ratings. Prosper Ratings are based on historical loan performance data and are designed to better convey risk. While the estimated loss rate and estimated returns have been shown at the point of bidding since October 2007, the Prosper Rating letter grade will now be shown in the listing along with a narrower credit score range and other extended credit data.

Credit scores shown will be in 20 point ranges (previously 40) and will be consistent across all listings.
Learn more about Prosper Ratings.
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tmullin1217

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Re: Prosper plans to reopen
« Reply #31 on: April 28, 2009, 08:45:42 am »
Quote from: bamalucky on April 28, 2009, 08:42:30 am
The way I read it,you can register as an institutional lender from anywhere & loam,then resell to anyone.

That would be a dirty trick...
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cubbiesnextyr

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Re: Prosper plans to reopen
« Reply #32 on: April 28, 2009, 08:48:48 am »
Looks like they changed all the loan numbers as well.

If you go to your account activity, they still list the loan ID's from the old system, but if you click you get hit with a
Quote
Access Denied

You have attempted to access a page you are not authorized to view.

message.

Now I've got to add a bunch of new numbers to my spreadsheet... assholes.
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bamalucky

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Re: Prosper plans to reopen
« Reply #33 on: April 28, 2009, 08:49:46 am »
They didn't forget anything about my acct  :ninja:
Quote
Account Suspended
Your Prosper account has been suspended. You will still be able to transfer any funds you may have out of your Prosper account and make payments on loans. However, any portfolio plans, scheduled transfers, or listings you may have created have been cancelled and your access to most other features will be limited. Please contact customer support if you have further questions.

Send it home guys  ;D
Quote
Amount:   $192.33
From:   Prosper
To:   Compass xxxxxxx
Start:   Apr-28-2009
Frequency:   One Time
Should
complete:   
May-04-2009
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bamalucky

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Re: Prosper plans to reopen
« Reply #34 on: April 28, 2009, 08:50:43 am »
My account says "view notes"

Isn't that all the proof we need in court?
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Mtnchick

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Re: Prosper plans to reopen
« Reply #35 on: April 28, 2009, 08:51:01 am »
Looks like 10 out of the current 109 listings aren't the CPS company reselling loans.
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Senator

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Re: Prosper plans to reopen
« Reply #36 on: April 28, 2009, 08:52:20 am »
Quote from: Mtnchick on April 28, 2009, 08:51:01 am
Looks like 10 out of the current 109 listings aren't the CPS company reselling loans.
Looks unlikely ANY of those will fund.

Q: Are the 10 second loans?
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Stats as of 12/29/2010:
Total withdrawals: $3,488.87 minus (-) Total deposits: $3,600.00 = ($111.13)
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

Mtnchick

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Re: Prosper plans to reopen
« Reply #37 on: April 28, 2009, 08:58:06 am »
Quote from: Senator on April 28, 2009, 08:52:20 am
Quote from: Mtnchick on April 28, 2009, 08:51:01 am
Looks like 10 out of the current 109 listings aren't the CPS company reselling loans.
Looks unlikely ANY of those will fund.

Q: Are the 10 second loans?

I see one is a new loan - but they've tried 2 other times before the quiet period to get a loan and failed:

http://www.prosper.com/invest/listing.aspx?listingID=415076

Looks like one of those 10 has actually had an increase in credit score.  :ninja:
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bamalucky

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Re: Prosper plans to reopen
« Reply #38 on: April 28, 2009, 09:01:35 am »
WTF happened to performance?

I guess they just killed ericscc.com & lendingclub.com

I hope this info on all the loans is still gonna be out there.


ETA: NM,i found it.It's hidden on a very small "here" button at the bottom

http://www.prosper.com/invest/performance.aspx
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bamalucky

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Re: Prosper plans to reopen
« Reply #39 on: April 28, 2009, 09:04:52 am »
Quote
Name:    FraudMan
Posts:    0 (0 per day)
Position:    Newbie
Date Registered:    September 14, 2007, 04:08:11 PM
Last Active:    Today at 07:35:59 AM
Ignored by:   1 member
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Mtnchick

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Re: Prosper plans to reopen
« Reply #40 on: April 28, 2009, 09:10:07 am »
The are apparently basing the credit score on the payments to CPS.

No way this one is a "B"

http://www.prosper.com/invest/listing.aspx?listingID=414862
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brianguy

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Re: Prosper plans to reopen
« Reply #41 on: April 28, 2009, 09:24:22 am »
Quote from: Fred93 on April 28, 2009, 12:34:58 am
Quote from: Mark12547 on April 28, 2009, 12:15:00 am
Minimum credit scores from individual borrowers will be 640.

640 was the bottom end of the "C" credit grade.  Goodbye to the old "D" and "HR".   Good move.


+1
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Staneslav

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Re: Prosper plans to reopen
« Reply #42 on: April 28, 2009, 09:25:25 am »
a
« Last Edit: December 05, 2017, 03:46:53 pm by Staneslav »
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brianguy

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Re: Prosper plans to reopen
« Reply #43 on: April 28, 2009, 09:25:35 am »
Quote from: ira01 on April 28, 2009, 01:04:37 am
Quote from: Mark12547 on April 28, 2009, 12:15:00 am
My Google alerts came up with two stories that may be of interest:

Peer-to-Peer Lender Relaunched

Quote
Scott Langmack of Hillsborough, Calif., recently rolled over about $600,000 to Lending Club. His portfolio -- which holds about 1,300 loans -- has been earning an annual rate of about 13% since he started investing seven months ago. "My view is that in the next three years, I don't expect the [Dow Jones Industrial Average] to be over 10000," he says. "So why bother with the stock market at all?"

 ::) :o ::)


wow wtf... I have no idea who this guy is, but you'd think they could do a little better research before printing stuff like this.   while 13% over 7 months is not unheard of, but just wait until his portfolio is 12-18+ months old
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Staneslav

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Re: Prosper plans to reopen
« Reply #44 on: April 28, 2009, 09:26:51 am »
a
« Last Edit: December 05, 2017, 03:46:37 pm by Staneslav »
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