More Bad Press for Prosper.com

by James & Miel on August 29, 2008 · 0 comments

Hi All,

If you’ve got any money in peer to peer money lending outfits like prosper.com, you’ll definitely want to check out the latest piece from the MotleyFool.

Among other points, the article outlines the companies deteriorating loan situation,

And far too many of those loans are going sour — fast. Fully 18.5% of all dollars loaned on Prosper between its inception and the end of June 2008 have gone delinquent. Some individual months look substantially worse: More than 35% of the dollars loaned in February 2007 are in some stage of evaporating.

The article is here.

Click here for our sordid history with prosper.

Best,

James

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