in Projects, Programming, Technology

Lending on Prosper

I wrote a year and a half ago about my experiences loaning money on prosper.com. That write-up continues to be one of my most popular posts. I would like to follow up and officially downgrade prosper to “disappointing”. My investments have only made about 10% (total) over the past 2.5 years, and loans continue to default at a huge rate regardless of credit rating. My advice: invest somewhere else.

Loan Defaults

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  • Adam Loving’s Blog » Blog Archive » Prosper.com defaults and lower interest rates June 13, 2008

    […] wrote previously about prosper.com defaults causing me to stop loaning money. Also, it looks like earnings have decreased for lenders by around […]