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[iLIE]

http://www.prosper.com/lend/listing.aspx?listingID=289304

Already late..

[iLIE]

Imagine being a new lender & seeing this after reading all about 9% ROI.

This will wake lenders up faster than we can.

[LoanChimp]

Oh how I love thee, Red Flags,
Let me count how many are displayed...

[ira01]

Oh how I love thee, Red Flags,
Let me count how many are displayed...

It's a real shame that Prosper spends so much time and effort making sure few new lenders learn about the red flags until they have a portfolio full of stinkers.

[LoanChimp]

Oh how I love thee, Red Flags,
Let me count how many are displayed...

It's a real shame that Prosper spends so much time and effort making sure few new lenders learn about the red flags until they have a portfolio full of stinkers.

I've thought about this. I'm sort of glad there isn't a crash course on Red Flags provided by Prosper. I would think that in no time there would be no more Red Flags in listings, as Lenders would not be the only beneficiaries of that knowledge.

In reality, the course "Red Flags 101" is an expensive and labor intensive study...

[Senator]

S/he did say that s/he was paying off credit cards.  I didn't see where s/he promised to pay you back.

[ira01]

Oh how I love thee, Red Flags,
Let me count how many are displayed...

It's a real shame that Prosper spends so much time and effort making sure few new lenders learn about the red flags until they have a portfolio full of stinkers.

I've thought about this. I'm sort of glad there isn't a crash course on Red Flags provided by Prosper. I would think that in no time there would be no more Red Flags in listings, as Lenders would not be the only beneficiaries of that knowledge.

In reality, the course "Red Flags 101" is an expensive and labor intensive study...

To some extent, the old .com forums served that role.  While some borrowers read the Lenders forum, I think that number was pretty small.  Of course lenders reading the .com forum were also in the minority, but at least that was somewhat easier to find than .org.  Prosper should have created a verified lenders only forum, which would have solved the problem of educating borrowers about red flags, and they should have made its existence more obvious to lenders.  But, of course, if they had, they would have far fewer lenders, due to all the Prosper problems. 

[LoanChimp]

To some extent, the old .com forums served that role.  While some borrowers read the Lenders forum, I think that number was pretty small.  Of course lenders reading the .com forum were also in the minority, but at least that was somewhat easier to find than .org.  Prosper should have created a verified lenders only forum, which would have solved the problem of educating borrowers about red flags, and they should have made its existence more obvious to lenders.  But, of course, if they had, they would have far fewer lenders, due to all the Prosper problems. 

You mean a forum where only registered lenders can read and post? That would be brilliant!

https://connect.prosper.com/16.aspx

[ira01]

To some extent, the old .com forums served that role.  While some borrowers read the Lenders forum, I think that number was pretty small.  Of course lenders reading the .com forum were also in the minority, but at least that was somewhat easier to find than .org.  Prosper should have created a verified lenders only forum, which would have solved the problem of educating borrowers about red flags, and they should have made its existence more obvious to lenders.  But, of course, if they had, they would have far fewer lenders, due to all the Prosper problems. 

You mean a forum where only registered lenders can read and post? That would be brilliant!

https://connect.prosper.com/16.aspx

Smartass!     The problem with .org, is that the vast majority of lenders don't know of its existence.  That was always true, but is even more true now that Prosper scrubs every reference to .org off its site as soon as it discovers it (and has some lenders so cowed that some lenders even post the "Verified Lender" code on their Prosper member pages in white text so no one can see it).  Unfortunately, .org still doesn't come up very high on Google searches for search querries like "prosper.com," and whomever was running the paid Google AdWords for .org appears to have stopped.

[LoanChimp]

Smartass!   

 

[NPX]

This loan (as with the 15.5% D also posted in this sequence) was filled by Portfolio Plan bids.  LC counts Red Flags, but the PPs are color blind.

[Trekbiker]

This loan (as with the 15.5% D also posted in this sequence) was filled by Portfolio Plan bids. 

Portfolio plans bid loans with 47% DTI??   pretty risky.....

In the past few weeks I've been outbid on 4 or 5  "D" loans all bid down to 15.5%.  Seems too low for a D.  Portfolio plan bids??   

[j9359]

This loan (as with the 15.5% D also posted in this sequence) was filled by Portfolio Plan bids. 

Portfolio plans bid loans with 47% DTI??   pretty risky.....

In the past few weeks I've been outbid on 4 or 5  "D" loans all bid down to 15.5%.  Seems too low for a D.  Portfolio plan bids??   

Recent PP changes moved the max DTI down to 40% except  for one B slice (which I suspect slipped through the cracks).
But Prosper is new at this bidding thing so it will take time, and anyway it is OPM.
john.

[barnacle1]

Portfolio plans. Ick.

[Xenon481]

Portfolio plans. Ick.

There is a reason that they are named PeePees.