How much money should I bid on Prosper loans?
Like with all types of investments, diversification of your Prosper loan portfolio is key in reducing risk. It is best to spread your money amongst many loans instead of having all your eggs in one...
View ArticleWhat interest rate should I use when bidding on a loan?
Here is a simple calculator to assist you in figuring out what interest you should be using when you bid on a listing. It takes into account the borrower credit grade and your desired interest rate....
View ArticleTaking into account the Prosper fees and net default rates, which credit...
In order to assist you with making this decision, I have generated 2 tables using default rates originating from Experian and Prosper.com. Update: Please note that all Prosper loans are 3-year terms...
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How do I choose a Prosper loan to fund?
Prosper.com is a people-to-people marketplace where borrowers can find loaners and vice versa. I have spent my share of countless hours on Prosper.com sifting through pages and pages of listings. Since...
View ArticleDefault Rates broken down by Credit Grade and DTI Buckets
This post is in response to a post I saw in the Prosper Lender forums requesting for stats on defaults vs. DTI. To obtain this data, I have queried all the loans that have been paid in full, defaulted,...
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