Comments on: Tracking a bad Prosper loan – Update #1

By: passivefamilyincome

passivefamilyincome — Tue, 17 Jun 2008 11:28:41 +0000

LuLuGal – Yeah, it is like a roller coaster right now for me with these Prosper loans. I get excited and then disappointed. I am planning on continuing my strategy through the end of the year and will then re-evaluate at that time.

By: Lulugal11

Lulugal11 — Mon, 16 Jun 2008 14:25:52 +0000

I lend on Prosper too and although I only have 3 loans I am still afraid of losing my money.

So far my 83 cents per loan has been coming in on time so I am glad that I am getting that little return.

I would have a heart attack if I had a late loan like you did so I can understand the dance for joy when you saw the money coming in.

By: Ralph

Ralph — Fri, 13 Jun 2008 03:40:40 +0000

At least you’ve used a spread to minimize the risk. This is one of the reason’s I’ve stayed away from Prosper. I hope it turns out ok for you though.

By: passivefamilyincome

passivefamilyincome — Thu, 12 Jun 2008 11:20:45 +0000

Aaron – Thanks for the kind words!

By: Aaron Wakling

Aaron Wakling — Thu, 12 Jun 2008 11:15:20 +0000

Thanks for posting the article, was certainly a great read!