tag:blogger.com,1999:blog-26277603.post-41584372012058501012008-05-28T10:26:00.000-05:002008-05-28T10:26:00.000-05:00hmmm. My wife and I put a little money in prosper as an experiment a few years back. Not so good. Even though we mostly funded low risk loans. still had people not pay/go bankrupt. A little trick they pull; the loans we own that went bad, are still showing up in our account as just "past due". They are about 10-11 months past due, so I have no hope for collecting. Problem is, they leave it on the books, and your portfolio looks in the black - I assume this may be the situation with many other lenders... therefore the aggregate propser community numbers may not be reflective of true returns you can expect. Just be aware. 70k seems like alot. our experiment is in the red, but we didn't expect much out of it. We are letting it sit, just to see how it finishes. But I don't plan on putting more in. It's too bad though... peer 2 peer lending seemed like such a great idea. I wished it would have worked out better.Anonymousnoreply@blogger.com