Comments on: Peer to Peer Lending – Prosper / Lending Club – Explaining the risk http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/ Canadian Finance, Economics and Securities Analysis Thu, 09 Feb 2012 16:39:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sacha Peter http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3363 Sacha Peter Tue, 26 Jan 2010 00:21:53 +0000 http://divestor.com/?p=3366#comment-3363 One comment ended up in the spam queue and I have put it back on. However, this discussion is getting horribly off topic and I will close this thread. Thank you. One comment ended up in the spam queue and I have put it back on. However, this discussion is getting horribly off topic and I will close this thread. Thank you.

]]> By: Bamalucky http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3362 Bamalucky Mon, 25 Jan 2010 22:24:24 +0000 http://divestor.com/?p=3366#comment-3362 Tiffany once again shows that PMI refuses to answer any lender inquiries. Too bad I have no outlet to the AP. Thanks Sacha & other reporters who are finally digging into Prosper & refuse to republish the canned press releases from Tiffany. They have a place called success stories on their website that chronicalizes borrowers who get loans & they systematically delete these as the borrowers go late. Is that full disclosure or honesty? Lenders can't get answers,or returned phone calls. Prosper routinely lies in court & the SEC. Both fully documented. Prosper has a D+ rating from the Better Business Bureau,they deleted their user forum with over 400,000 posts chock full of useful advice to new lenders. There is also a class action lawsuit(lenders) now that never makes it into the news. Tiffany once again shows that PMI refuses to answer any lender inquiries. Too bad I have no outlet to the AP. Thanks Sacha & other reporters who are finally digging into Prosper & refuse to republish the canned press releases from Tiffany. They have a place called success stories on their website that chronicalizes borrowers who get loans & they systematically delete these as the borrowers go late. Is that full disclosure or honesty? Lenders can’t get answers,or returned phone calls. Prosper routinely lies in court & the SEC. Both fully documented. Prosper has a D+ rating from the Better Business Bureau,they deleted their user forum with over 400,000 posts chock full of useful advice to new lenders. There is also a class action lawsuit(lenders) now that never makes it into the news.

]]> By: NewHorizon http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3361 NewHorizon Mon, 25 Jan 2010 21:47:58 +0000 http://divestor.com/?p=3366#comment-3361 Tiffany wrote: "New Horizon – email me ..." Email sent from chan....@gmail.com (I mention this in case she gets Email from elsewhere claiming to be NewHorizon.) Tiffany wrote: “New Horizon – email me …”

Email sent from chan….@gmail.com

(I mention this in case she gets Email from elsewhere claiming to be NewHorizon.)

]]> By: Bamalucky http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3360 Bamalucky Mon, 25 Jan 2010 21:43:14 +0000 http://divestor.com/?p=3366#comment-3360 Tiffany in the spirit of full disclosure,can you share your lender name with us so we can see how your PMI lending is going? Tiffany in the spirit of full disclosure,can you share your lender name with us so we can see how your PMI lending is going?

]]> By: Bamalucky http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3359 Bamalucky Mon, 25 Jan 2010 21:37:57 +0000 http://divestor.com/?p=3366#comment-3359 New Horizon,money stuffed in a mattress outperforms Prosper by 3% over the past 3 years. Thats right. The median return for lenders at PMI is NEGATIVE 3%. Thats what needs to be compared. New Horizon,money stuffed in a mattress outperforms Prosper by 3% over the past 3 years.

Thats right. The median return for lenders at PMI is NEGATIVE 3%.

Thats what needs to be compared.

]]> By: NewHorizon http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3358 NewHorizon Mon, 25 Jan 2010 21:29:57 +0000 http://divestor.com/?p=3366#comment-3358 "Be very careful of straight-line performance graphs..." The other point I might have made is that both LC and PMI have compared their returns to other asset classes during a period of time that includes a recession. But by most counts, we're just now EXITING a recession - the economic environment is different from here on out. Pre-recessionary data is available for Prosper loans, fwiw. BTW, have you seen fred93's blog? (Just google fred93.) “Be very careful of straight-line performance graphs…”

The other point I might have made is that both LC and PMI have compared their returns to other asset classes during a period of time that includes a recession. But by most counts, we’re just now EXITING a recession – the economic environment is different from here on out. Pre-recessionary data is available for Prosper loans, fwiw.

BTW, have you seen fred93′s blog? (Just google fred93.)

]]> By: Bamalucky http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3357 Bamalucky Mon, 25 Jan 2010 21:29:31 +0000 http://divestor.com/?p=3366#comment-3357 What about my questions? You skipped right over me. I only invested $32,000 so I guess I don't warrant a reply. See what happens Sacha. That's why lenders are pissed off. Nice Tie Tiffany What about my questions? You skipped right over me. I only invested $32,000 so I guess I don’t warrant a reply. See what happens Sacha. That’s why lenders are pissed off.

Nice Tie Tiffany

]]> By: Tiffany Fox http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3356 Tiffany Fox Mon, 25 Jan 2010 21:18:54 +0000 http://divestor.com/?p=3366#comment-3356 Sacha - Thanks again for your post... and agree the conversation has gotten way off topic. Apologies. New Horizon - email me if you'd like to continue this conversation. tiffany at prosper dot com Sacha – Thanks again for your post… and agree the conversation has gotten way off topic. Apologies.

New Horizon – email me if you’d like to continue this conversation. tiffany at prosper dot com

]]> By: Bamalucky http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3355 Bamalucky Mon, 25 Jan 2010 21:18:40 +0000 http://divestor.com/?p=3366#comment-3355 Sacha,to address question B.. how can they use 6-14% anyway? Isn't that misleading investors into thinking 6% is the minimum you can make? Shouldn't it read -100% instead of 6%? The median isn't even getting 0% Sacha,to address question B.. how can they use 6-14% anyway? Isn’t that misleading investors into thinking 6% is the minimum you can make?

Shouldn’t it read -100% instead of 6%? The median isn’t even getting 0%

]]> By: Bamalucky http://divestor.com/2010/01/21/peer-to-peer-lending-prosper-lending-club-explaining-the-risk/comment-page-1/#comment-3354 Bamalucky Mon, 25 Jan 2010 21:16:06 +0000 http://divestor.com/?p=3366#comment-3354 Sacha,i'm sorry to use your place to get a response but you can't get a comment through on their blog nor will you get a return phone call from PMI when they find out you are a lender (former) with questions about the late,default,collection agency process. Sacha,i’m sorry to use your place to get a response but you can’t get a comment through on their blog nor will you get a return phone call from PMI when they find out you are a lender (former) with questions about the late,default,collection agency process.

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