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Author Topic: Prosper Press Release  (Read 4529 times)

autoloads

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Prosper Press Release
« on: August 18, 2010, 06:15:12 pm »
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ira01

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Re: Prosper Press Release
« Reply #1 on: August 18, 2010, 06:27:15 pm »
Quote from: autoloads on August 18, 2010, 06:15:12 pm
When will they just go down...

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100818005472&newsLang=en

Not soon enough -- I see they are still using that bogus formula for Expected ROI=Interest rate - Expected loss percentage.  At this point, it is just fraud to continue to advertise a known erroneous formula.  To say nothing of the fact that the expected loss percentages will no doubt -- as they repeatedly have in the past -- turn out to be far too low.
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If you're not outraged, you're not paying attention.

DCS

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Re: Prosper Press Release
« Reply #2 on: August 18, 2010, 07:18:55 pm »
Prosper Rating...% of Funded Loans
AA ... 20%
  A ... 27%
  E ... 5%
 HR ... 8%

At least it's good to see Prosper lenders have figured this out.  Back in 2006-7, people were funding Es and HRs like crazy, and the Es and HRs of today would have been Cs and Ds back then.
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Urbi_et_Orbi

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Re: Prosper Press Release
« Reply #3 on: August 18, 2010, 07:21:37 pm »
Ds were considered a potential sweet spot back in those days, based on the ScoreX.   ;)
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Mothandrust: "Why's he off the ballot in Colorado but it's OK for the other 48 states and Hawaii to vote for him"
https://www.prospers.org/forum/index.php?topic=37264.msg807090#msg807090

Xenon481

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Re: Prosper Press Release
« Reply #4 on: August 18, 2010, 07:35:30 pm »
Quote from: ira01 on August 18, 2010, 06:27:15 pm
Quote from: autoloads on August 18, 2010, 06:15:12 pm
When will they just go down...

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100818005472&newsLang=en

Not soon enough -- I see they are still using that bogus formula for Expected ROI=Interest rate - Expected loss percentage.  At this point, it is just fraud to continue to advertise a known erroneous formula.  To say nothing of the fact that the expected loss percentages will no doubt -- as they repeatedly have in the past -- turn out to be far too low.

I can't keep of how many times I, personally, have let them know about that particular error. . . . . .
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pioneer11

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Re: Prosper Press Release
« Reply #5 on: August 18, 2010, 07:39:22 pm »
Nominate for Lobby.
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Why should I save a dog for $19 per month when I can save a child for $10 per month?

ira01

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Re: Prosper Press Release
« Reply #6 on: August 18, 2010, 07:57:49 pm »
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If you're not outraged, you're not paying attention.

pioneer11

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Re: Prosper Press Release
« Reply #7 on: August 18, 2010, 08:03:13 pm »
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Why should I save a dog for $19 per month when I can save a child for $10 per month?

pioneer11

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Re: Prosper Press Release
« Reply #8 on: August 18, 2010, 08:04:14 pm »
Quote from: autoloads on August 18, 2010, 06:15:12 pm
When will they just go down...
Hopefully not until my last loan goes in the black.
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Why should I save a dog for $19 per month when I can save a child for $10 per month?

Senator

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Re: Prosper Press Release
« Reply #9 on: August 20, 2010, 08:54:57 am »
This must have been written by ResearchPro

Quote
Prosper Surpasses $200 Million in Loans; Weighted Average Prosper Borrower Credit Score is 738; Lender Expected Annual Returns Tracking at 10%
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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
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