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[Mark12547]

I went and re-read the moderation intro here in the lobby and while I remember historically that the OP had to agree to a lobby move, I don't see that in there now.  So, not real sure on that one.  Better to err on the side of asking, IMO.

I don't recall the OP's consent being required for a thread to be moved into The Lobby, but I usually asked anyway to make sure that it was ok; I don't recall anyone actually refusing such consent.

However, I usually asked because:
1. The OP's "name" would be associated with that thread, at least in the message index.
2. If the OP declined, the impact of the thread would often be severely hurt without the original post.
3. There still may be people who want to walk gently around Prosper (e.g., still have big bucks invested) and thought it was ok to air one's opinions in a non-Googled forum, and they may dread even brief exposure in The Lobby.

But, no, I don't recall any consent rule for moving threads from Prosper - General Prosper Chat or Lenders - General to The Lobby.

[312lender]

You old prosper whiners have no balls.  You know you want to invest, you're all checking this forum every hour.  You clearly haven't given up on Prosper, you just don't have the balls to pull the trigger again. 

[ira01]

You old prosper whiners have no balls.  You know you want to invest, you're all checking this forum every hour.  You clearly haven't given up on Prosper, you just don't have the balls to pull the trigger again. 

[onthefence]

I don't recall the OP's consent being required for a thread to be moved into The Lobby,

Oh, great.  So now lobby rape is perfectly acceptable?  Go ahead.  No consent required.

[ira01]

I don't recall the OP's consent being required for a thread to be moved into The Lobby,

Oh, great.  So now lobby rape is perfectly acceptable?  Go ahead.  No consent required.

Rape?  Really??

Why should the OP get veto power that any other poster in a thread doesn't?  Often times the OP is a short innocuous post, and it is the follow-up posts that expound (or hijack) the discussion.

[God-Father]

You old prosper whiners have no balls.  You know you want to invest, you're all checking this forum every hour.  You clearly haven't given up on Prosper, you just don't have the balls to pull the trigger again. 

I have no ill feelings because of anything Prosper has, or has not done, to, for, or with me. 

My state does not allow lending.  If it did, I still would not lend because of the risk of the notes being used to pay off other creditors.  How could this happen?

1 - The class action gets traction.  I don't really expect it to, but you never know.
2 - Yet another round of funding will be needed before a loan originated today goes the full three years.
3 - We don't know what strings are attached to the current funding.  Is there anyway the investors could pull the plug?

[xraider]

You old prosper whiners have no balls.  You know you want to invest, you're all checking this forum every hour.  You clearly haven't given up on Prosper, you just don't have the balls to pull the trigger again. 

312, at least some of the regulars on this board still lend.  We welcome all!  Feel free to post about your current bids, or what you like about Prosper.  You'll at least start a dialogue, and probably make potential lenders feel welcome.

As for me, no, I won't sign any new agreements so I clearly have given up on Prosper.  But, I like the folks here, so here I am.

My last loan pays off in October, so things may change then.  Or they may not.

[Your_Bank]

I'm getting the feeling I'm not welcome here.  It seems this is not an active lending forum as I had thought.

You are welcome here.  It's always interesting to see someone give it a shot.  Not many people are lending because it is not as profitable as Prosper's marketing team would have you think.

My "theory" is based on "times have changed" and the time is right for P2P lending.

Yes.  Many people have bitten on the "times have changed" thought before.  Although Prosper has improved their credit based selection criteria (which lenders could have done themselves at any time), I still think that Prosper's verification process is weaker than other credit providers and they are still attracting a poor class of borrowers.

I'll try to not rehash all of the other good advice & comments already made.

If there is one single bit of information that I think it is critical for you to know, it's that this what the shape of your XIRR will look like over time if you were to stop lending now.  It will take about 15 months to find out how you are really doing.


Source: http://www.prospers.org/forum/will_researchpro_leave_or_admit_he_was_wrong-t11350.0.html;msg347866#msg347866

If you continue to lend, you will still have that shape, just flatter & more stretched out.  ResearchPro also went with the high interest rate loan approach as you are doing.  I don't think it works out that well as ira01 has already spelled out.  ResearchPro has done far better than many other lenders due to his efforts in analyzing the data.  But 4% ROI is what he was shooting for.

Blaming it all on lenders choosing poor credit risk borrowers is not the full story.  Here is an older chart produced by Rate Ladder when he was still interested in lending.  Please note, the credit grades are based on the older Experian Plus credit grades (not the newer Prosper rating system).  Still lates are far higher than they should have been.


Source: http://www.rateladder.com/2008/10/20/prosper-1-month-late-or-worse-curves-by-credit-grade/

Another current concern is that I *think* Prosper's current estimated default rate is too optimistic since they include a number of loans that are too young to default.  I haven't bothered to confirm that as it's been true in the past, and I have such low expectations that they are correct now.

What would be great is if you also posted your monthly XIRR here.  It's always interesting to see how things pan out & chart the change like we did with ResearchPro.  Unfortunately the numbers on Eric's CC are just estimates.

Also, know that the Identity theft guarantee is bogus.  They stopped paying out once they eliminated our ability to identify cases of identity theft.

In any case, welcome to the boards.  Feel free to ask questions about the prospectus, throw up some loans you are curious about in the "Check out my List" subform to get other people's input.  http://www.prospers.org/forum/check_out_my_listing-b10.0/  There is a lot of knowledge here in these forums, you just have to ask.  (It's too much to dump on you all at once).

Thanks

[Nora_Lenderbee]

You old prosper whiners have no balls.  You know you want to invest, you're all checking this forum every hour.  You clearly haven't given up on Prosper, you just don't have the balls to pull the trigger again. 

I don't have balls?1?1!! OMG, what happened??? Who stole my balls?!?!

[SCI]

You old prosper whiners have no balls.  You know you want to invest, you're all checking this forum every hour.  You clearly haven't given up on Prosper, you just don't have the balls to pull the trigger again. 

I don't have balls?1?1!! OMG, what happened??? Who stole my balls?!?!

If they were fuzzy probably ccat...

[onthefence]

I don't recall the OP's consent being required for a thread to be moved into The Lobby,

Oh, great.  So now lobby rape is perfectly acceptable?  Go ahead.  No consent required.

Rape?  Really??

Why should the OP get veto power that any other poster in a thread doesn't?  Often times the OP is a short innocuous post, and it is the follow-up posts that expound (or hijack) the discussion.

[Your_Bank]

Was one of the rules that OP had to agree to lobby?

I certainly thought it was (presuming the OP is still around).  If it isn't the rule, IMHO it should be.

Can we have a second moderator opinion?

+1

Oh jeez, sorry guys.  Your-Bank, if you do not wish this to be in the lobby I will move it back.  I think that's probably the simplest solution to the mess I've created. 

It seems like most in the lobby have nothing constructive to add to the thread.  Just fist pumping and head slapping comments.  I'd prefer to stay on topic.

Kind Regards

[Beerbud1]

Was one of the rules that OP had to agree to lobby?

I certainly thought it was (presuming the OP is still around).  If it isn't the rule, IMHO it should be.

Can we have a second moderator opinion?

+1

Oh jeez, sorry guys.  Your-Bank, if you do not wish this to be in the lobby I will move it back.  I think that's probably the simplest solution to the mess I've created. 

It seems like most in the lobby have nothing constructive to add to the thread.  Just fist pumping and head slapping comments.  I'd prefer to stay on topic.

Kind Regards

That's not true. Lot's of threads that end up in the lobby continue to generate news and interest in the topic. I'm glad your here and believe strongly in prosper.  You can be the focal point to defend Prosper and their actions.

[SCI]

You can be the focal point to defend Prosper and their actions.

I wouldn't wish that on anyone.....ROFL!

[112233]