Prospers.ORG Prosper Forum

Advanced search  

News:

Welcome to Prospers.ORG!   Login here

Pages: 1 ... 5 6 [7]   Go Down

Author Topic: Prosper debt sale crashes and burns  (Read 43552 times)

Senator

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 1808
    • View Profile
Re: Prosper debt sale crashes and burns
« Reply #90 on: July 23, 2009, 08:48:43 am »
Quote from: ira01 on July 22, 2009, 06:31:51 pm
Quote from: Faithful_Steward1 on July 22, 2009, 05:24:44 pm
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]   >:(
Logged
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

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 1808
    • View Profile
Re: Prosper debt sale crashes and burns
« Reply #91 on: July 23, 2009, 08:50:24 am »
Quote from: Faithful_Steward1 on July 22, 2009, 05:24:44 pm
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.
Logged
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

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 1586
    • View Profile
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.
Logged
Pages: 1 ... 5 6 [7]   Go Up
« previous next »