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Author Topic: Prosper debt sale crashes and burns  (Read 45430 times)

Senator

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Re: Prosper debt sale crashes and burns
« Reply #90 on: July 23, 2009, 08:48:43 am »

I'm glad they didn't sell my 4+ lates for 2 cents on the dollar. I'll take my chances holding the notes.

You are NOT the very atypical case.  Far more representative is me -- [snip]   >:(
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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

Senator

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Re: Prosper debt sale crashes and burns
« Reply #91 on: July 23, 2009, 08:50:24 am »

I'm glad they didn't sell my 4+ lates for 2 cents on the dollar. I'll take my chances holding the notes. If just a few decide they need to clean up their credit they might come back and pay them off. One pay off would make it all worthwhile.
That's a pretty big IF.  PCOCT has netted me exactly $0.00 - same as ira.
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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

Capital_Finance_Group

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Re: Prosper debt sale crashes and burns
« Reply #92 on: July 23, 2009, 09:16:29 am »

All I've seen from the missed Debt Sales are loans that become BKs and are forever gone.
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