Comments on: My Toxic Assets http://www.passivefamilyincome.com/my-toxic-assets Passive Income Ideas and Tips Wed, 08 Feb 2012 03:04:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Weekend Link Love And Carnival Roundup | Bizness Geek http://www.passivefamilyincome.com/my-toxic-assets/comment-page-1#comment-19116 Weekend Link Love And Carnival Roundup | Bizness Geek Sun, 07 Jun 2009 03:26:25 +0000 http://www.passivefamilyincome.com/?p=3033#comment-19116 [...] at Passive Family Income has a few toxic assets of his own as the economy  has taken its toll on peer-to-peer [...] [...] at Passive Family Income has a few toxic assets of his own as the economy  has taken its toll on peer-to-peer [...]

]]> By: Kevin http://www.passivefamilyincome.com/my-toxic-assets/comment-page-1#comment-18735 Kevin Mon, 01 Jun 2009 18:04:38 +0000 http://www.passivefamilyincome.com/?p=3033#comment-18735 I signed up for the Lending Club earlier this year. Then, I forgot about it until I read this post. Just checked my account and the blended return is 8.12%. While the account is young and certainly high-risk (i.e., loans to pay off credit cards), I'd take 8.12% return on pretty much anything right now. Despite some downturn with your account, I agree with you that there is a limited place for it in a passive income portfolio. Good luck. <abbr><em>Kevin’s last blog post..$25 A Day Challenge: Day Two</abbr></em> I signed up for the Lending Club earlier this year. Then, I forgot about it until I read this post. Just checked my account and the blended return is 8.12%. While the account is young and certainly high-risk (i.e., loans to pay off credit cards), I’d take 8.12% return on pretty much anything right now. Despite some downturn with your account, I agree with you that there is a limited place for it in a passive income portfolio. Good luck.

Kevin’s last blog post..$25 A Day Challenge: Day Two

]]> By: Blogging Banks http://www.passivefamilyincome.com/my-toxic-assets/comment-page-1#comment-17816 Blogging Banks Fri, 22 May 2009 13:26:07 +0000 http://www.passivefamilyincome.com/?p=3033#comment-17816 My Prosper and Lending Club portfolios have done okay. I only invested any account bonus points that I received when opening accounts there. I invested in the highest rated debt, with lowest debt to assets possible .highest credit scores and no delinquinces. It also pays to check if the person would actually afford the loan. I have always been afraid that I would fund a loan from someone whose identifty has been stolen.. Anyways, i prefer bank CD's to P2P lending.. P2P is too toxic ;-) <abbr><em>Blogging Banks’s last blog post..<a href="http://feedproxy.google.com/~r/BloggingBanks/~3/NAhJl3vSzII/100-chase-checking-bonus.html" rel="nofollow">$100 Chase Checking Bonus</a></abbr></em> My Prosper and Lending Club portfolios have done okay. I only invested any account bonus points that I received when opening accounts there. I invested in the highest rated debt, with lowest debt to assets possible .highest credit scores and no delinquinces. It also pays to check if the person would actually afford the loan.
I have always been afraid that I would fund a loan from someone whose identifty has been stolen.. Anyways, i prefer bank CD’s to P2P lending.. P2P is too toxic ;-)

Blogging Banks’s last blog post..$100 Chase Checking Bonus

]]> By: Brandon http://www.passivefamilyincome.com/my-toxic-assets/comment-page-1#comment-17744 Brandon Thu, 21 May 2009 12:34:25 +0000 http://www.passivefamilyincome.com/?p=3033#comment-17744 I'm sorry to hear that you are in the negative at all. I would have expected there to be very few defaults with the protections put into place by the sites themselves...it is very similar to defaulting on a bank loan, with similar consequences. I hope things turn around for you as the economy picks back up! <abbr><em>Brandon’s last blog post..<a href="http://www.thealmostmillionaire.com/tips-for-starting-a-business-in-michigan/" rel="nofollow">Tips for starting a business in Michigan</a></abbr></em> I’m sorry to hear that you are in the negative at all. I would have expected there to be very few defaults with the protections put into place by the sites themselves…it is very similar to defaulting on a bank loan, with similar consequences. I hope things turn around for you as the economy picks back up!

Brandon’s last blog post..Tips for starting a business in Michigan

]]> By: Dawn http://www.passivefamilyincome.com/my-toxic-assets/comment-page-1#comment-17681 Dawn Wed, 20 May 2009 14:25:09 +0000 http://www.passivefamilyincome.com/?p=3033#comment-17681 My Prosper portfolio was doing quite well. I still have 3 loans there. One though has gone into collections and is over 1 month old. interestingly, it is the one with the A rating - the D rated one is still paying right along. <abbr><em>Dawn’s last blog post..<a href="http://gettingninehundred.blogspot.com/2009/05/easy-chunky-chickpea-and-pasta-soup.html" rel="nofollow">Easy Chunky Chickpea and Pasta Soup</a></abbr></em> My Prosper portfolio was doing quite well. I still have 3 loans there. One though has gone into collections and is over 1 month old. interestingly, it is the one with the A rating – the D rated one is still paying right along.

Dawn’s last blog post..Easy Chunky Chickpea and Pasta Soup

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