Anybody lent money through http://www.prosper.com/ ? - GoFuckYourself.com

james_clickmemedia · 08-27-2010, 09:58 AM

Sounds like a good idea and I remember them from a few years ago so they have been around a while...

http://www.prosper.com/

woj · 08-27-2010, 10:03 AM

I was looking into it before, but it looks like too much drama reading each story, making bids, etc... do they have an option where you send them some dough, and they do all the bidding, etc for you?

will76 · 08-27-2010, 01:07 PM

I did, not a lot just a couple thousand dollars. That was 3-4 years ago.

I wouldn't lend shit in today's economy. More and more people are going default, even people with great credit scores are going default for the first time.

james_clickmemedia · 08-28-2010, 03:22 AM

Quote:

Originally Posted by will76

I did, not a lot just a couple thousand dollars. That was 3-4 years ago.

I wouldn't lend shit in today's economy. More and more people are going default, even people with great credit scores are going default for the first time.

And the couple of thousand you lent, did you get paid back ? What interest rate did you get ?

will76 · 08-28-2010, 05:11 PM

Quote:

Originally Posted by james_clickmemedia

And the couple of thousand you lent, did you get paid back ? What interest rate did you get ?

It varies, you decide based on your risk tolerance. I went with 10 - 15% rates with mostly A- to B rated people. So people who had little to no credit issues in the past and had an ok dti. I think I broke even. Of the 10 or so loans I did 4 of them went default at varies stages of repayment. This was started about 3 years ago. All of the loans now have been repaid or went into collections and I got nothing. I wouldn't touch lending money to the public right now if the person had perfect credit even for 15% return. Way too risky. A lot has happened in the last 3 years and these type of loans are not secured and will be the first to go into default when people lose their jobs or get in over their head.

08-27-2010, 09:58 AM	#1
james_clickmemedia Confirmed User Join Date: Apr 2003 Location: Texas / London Posts: 2,204	Anybody lent money through http://www.prosper.com/ ? Sounds like a good idea and I remember them from a few years ago so they have been around a while... http://www.prosper.com/ __________________ $ CLICKMEMEDIA.COM $ CONVERTING ETHNIC TRAFFIC SINCE 1998 ~ $30+PPS BLACK-X.COM - NEW BLACK EX-GF SITE CLICKMEMEDIA.COM ~ ICQ - 8788771

08-27-2010, 10:03 AM	#2
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	I was looking into it before, but it looks like too much drama reading each story, making bids, etc... do they have an option where you send them some dough, and they do all the bidding, etc for you? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

08-27-2010, 01:07 PM	#3
will76 Making $$$$ w/ ClickCash Industry Role: Join Date: May 2003 Location: USA Posts: 18,037	I did, not a lot just a couple thousand dollars. That was 3-4 years ago. I wouldn't lend shit in today's economy. More and more people are going default, even people with great credit scores are going default for the first time. __________________ ICQ: 86364801 Email: will [at] innovativeassets [dot] com PROGRAM SHIT LIST - DO NOT PROMOTE (click link for gfy thread) FNCash \| Media Revenue