How many times will you refuse to understand that this is not about the returns (or lack thereof), it is about a financial company making purposeful knowing decisions to break its contracts?
I can't make sunshine14 pay you back. You probably should have diversified, instead of dumping $900
(which, my quick eyeball says is about 33%) of your portfolio into one loan. You'd probably be happier.
If I couldn't digest the cause of my frustration it would probably just make me irritable... "gassy", even.
-t
Absolute proof that you refuse see the point.
I have stated many many times before that I put 100% responsibility on myself and sunshine for that loan and do not blame Prosper at all for it going into BK. I fully understood the risk level of that social loan. Notice that that loan's APR was ridiculously below any reasonable market loan. That loan is the definition of "Social Loan" and I made it without any expectation of significant return.
The other $1,700-$1,800 of my portfolio of loans which I expected to make money did have a positive ROI even despite the fact that I was affected several times monetarily by Prospers actions/inactions in direct opposition to their contracts with me and other lenders.
The ENTIRE point of all of our discussions is that Prosper constantly, consistently, and knowingly refuses to abide by the terms of their contracts through both action and inaction in addition to knowingly spreading misinformation about themselves, their actions/inactions, and their product. No company that acts in this manner can be trusted with your money. I don't care if you made or lost money with them, you cannot trust them.
Tons of people made money off of Bernie Madoff's scheme, but that doesn't make Bernie Madoff a good guy to deal with.