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What is the untold Prosper story worth telling?

Here is a summary of a Prosper story thay may be worth telling to the outside world.

  • The actual default loan rates are much higher than Prosper would lead one to believe.
    • Prosper Discussion Forums - Late loan statistics, Yuck!
      • Conclusion: Loans are going late at rates which extrapolate to defaults at 2.5x to 5x the Experian historical figures. All extrapolation is speculative, but I feel confident in saying at this point that Prosper's default rates will be more than 2x the Experian numbers. If this is correct, a great many lenders will lose money. - pninen


See Also

  • ["ProsperStories" Prosper Stories]