Well im taking this prosper thing real easy and slow, I have less than $1000 invested right now. I was going to hit it bigger but right about the time I was going to really do this the sub-prime mortage crisis started so that scared me away from really getting into prosper.
I agree with you 100% about that loan after looking close.
That loan breaks both my #1 and #2 rule in investing a prosper.
I never bid on a loan when someone ask for the max 25K.
Anyone who has any plans of taking a shot at you and not paying is always going to ask for the max loan.
Think about it, if you know you wont pay, isnt it better to get 25k loan than a 10k loan?
When someone ask for an 8k loan thats a sign to me that at least they have intentions of paying.
I would stay away from that loan TERPS.
I was taking some high risk on prosper, going with D accounts. i have four loans there now and my one D account files bankruptcy weeks after the loan.
so i email him some choice emails, he tells me to be understanding like everyone else. the fuker knew he was filing before he applied, he had too. anyways, he made 2 payments, now his email is not accepting messages and he gave us the big FU.
i only do B or A now and maybe a C.....lots of desparate people out there, especially in this day
so i email him some choice emails, he tells me to be understanding like everyone else. the fuker knew he was filing before he applied, he had too. anyways, he made 2 payments, now his email is not accepting messages and he gave us the big FU.
i only do B or A now and maybe a C.....lots of desparate people out there, especially in this day
Was that D loan that defaulted for 25K?
