Comments on: Prosper Loan Update – 43% Funded

By: Tricia

Tricia — Fri, 16 Jun 2006 20:34:00 +0000

Anonymous – I am about as nosy as a person can be and you just said that “I am personally sure…”. Do I know you?

Please email me if you do because I am super-curious! So far, only my mom and my hubby know about my blog but it wouldn’t take long for anyone who knew me to figure out it’s me.

By: Anonymous

Anonymous — Fri, 16 Jun 2006 15:47:00 +0000

Indeed, most people, including me, see you as a low risk borrower because of your blog – you put so many efforts into it, and into the idea of freeing from debt, so it’s unlikely you will just run with money.

However, by general risk aversion, most people will bid high amounts only if there is additional real-life verification.

But, again, I am personally sure you are safe! Best luck!

By: Tricia

Tricia — Fri, 16 Jun 2006 07:44:00 +0000

The small bids do not bother me. If I decide to lend on Prosper (if it’s still around in a few years), it would be hard for me to bid more than $50 on any one loan.

I guess I should note that someone has since placed a bid for the full amount of my loan request. He has now been outbid, but I take it as a compliment that he did that.

By: Chris Z

Chris Z — Thu, 15 Jun 2006 21:17:00 +0000

Agreed. The whole idea of prosper is that a lot of people bid a little bit on each loan. That way if someone defaults I am out only a small bit of money. By the same token if they pay I make a small profit.

I’d be very curious to hear what you think of it.

Chris Z

By: D

Tue, 13 Jun 2006 15:34:00 +0000

I wouldn’t take it personally…the small bids. Prosper does recommend to the lenders to diversify their bids. I placed my bid on your loan this morning and I am sure you will be covered before your time is up.

Your my only A, but I am just starting. I love this concept, it is about time we take some of the profits from the banks.