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Prosper.com Loans: Not as Pretty Up Close
Tue Mar 13, 2007
- For some reason, in my last paragraph, the following addresses didn't show up: www.lendingstats.com and www.ericscc.com
Prosper.com Loans: Not as Pretty Up Close
Tue Mar 13, 2007
- Just to update, the default rates are a tad worse now and the Group model was a bad idea from the start and is now dead for the most part. You had a group leader endorsing a loan and all the lenders would jump on it, not realizing that the group leader never invested a penny in that loan.

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