Tuesday, September 23, 2008

This Week In Prosper.com Photos








This pianist looks like treble...











"I am a good candidate for this loan because I just need a lilttle of extra money to make ends meet."














“I am caught in a trap”














“we a sweltering.”













"I can show you proof of anything you'd like to see. "













"If these loan don't get funded i will have no choice but to turn to bank loan sharks! So please help! I'd rather give you the money:)!














It also appears Sarah Palin has become an inspiring figure for Prosper borrowers...













Look-alikes are even sprouting up. Maybe it's just the glasses...





















































And I close with a picture of the tallest building in Canada...

Wednesday, September 17, 2008

Fun With Prosper's Screen Name Generator

I just found out today that Prosper had a Screen Name Generator * (after seeing some rather strange borrower screen names on listings, such as "value-demon"). I have no idea how long this thing has been around, but it sure makes some interesting names.
*-must be logged out to see

So, lets have some fun!

Here are some good ones we've seen so far:

debtasaurus-rex
the-loot-emperor
the-bazaar-ninja
platinum-thunder
power-ringleader
the-greenback-amigo
money-palace
credit-fluffy-bunny304
money-enforcer
generosity-bunny
loot-officer
the bill-farm
debt-stockpiler
funds-bandit
debt-jet


Give it a try and show us your best in the comments!

Monday, September 15, 2008

This Week in Prosper.com Photos






“I am a server at red robin making $80-$140 night and I would like so dearly to make this web company become my future career.”









“Do you want to make money?” No, I want you to put some clothes on…











I didn’t realize it was possible to play twister without the mat…











“My Credit score is 660 as of last month before My identity was stolen.”











"I could ask my parents for money and they would give it to me but they have already helped me out enough with college expenses and I hate to ask for more unless I absolutely needed. So don’t worry lenders worse case scenario you’re funded from the parent’s pockets. "













"Refer to credit report- always on time."














prtygirl412 also appears to be an Aquarius who enjoys Miller Lite...















"Excited to put down payment on business!!!"









"To clear the debt I have with my credit card. My car insurance company sort of conned me into gettin one "












"I have no derogatory credit. My last derogatory was a bankruptcy discharged in 2004"












"This loan will be used for DMV fees/Maintenance a used car I recently got, and to most likely pay off a few other bills as well. By doing this, I can sell the car that I still owe on while it is still in good condition, and therefore not have to have any more monthly paymments."









Hmmm, she looks familiar… (link)

Monday, September 8, 2008

This Week in Prosper.com Photos




“This past year I hit rock-bottom. “











“A major crash is inevitable and drawing near.”

















“I was in a bad relationship with my 20 month olds father and he burned all of my belongings a little over a year ago while I was at work.” Except the bath tub and a little soap...









A nice group of attractive friends. What a wonderful memory this picture must bring. Except that girl in the background had to go and ruin an otherwise perfect moment…












"i just want to get the screen printing equiment i need now versus saving up and waiting to buy it"















"I know I have bad credit, it was great until I divorced my high school sweet heart. "























Unfortunately I can't think of anything witty to say...














“Sorry for the picture just trying to grab your attention :)”

Woah, cool! You got my attention…

Friday, September 5, 2008

August 08 Warm n Fuzzy Index

August 08 Warm n Fuzzy Index:
53%
- 37/70
(Last month's reading: 53%)


8/10 - Personal Performance: +1 from previous month. My ROI broke above 8% again (just barely)

6/10 - Peer Performance: No Change.

7/10 - Prosper Management: No Change. John Witchel, co-founder of Prosper left. I’m not sure if this is a big deal or not.

8/10 - Platform Improvement: +1 from previous month. (click here to see site changes)

Charged-off Category on Performance Page – good.

Faster Listings for Qualified Borrowers – not so good.

1/10 - Listing Selection/Volume: -1 from previous month. Listing count was under 2000 when I checked. Where are all the borrowers?

2/10 - External Influences: No Change. Yep, still bad…

5/10 - Viability Forecast: -1 from previous month. August originations were down.


Summary: The index continues sloping down from its high in April. The main culprits are the bad economy in general and the low volume on Prosper.

And if you still happen to be reading this, then you may have noticed that I skipped the Index update for June and July. I recorded the numbers but did not post. Yeah, I’m a bad blogger. You get what you pay for here at the Warm n Fuzzy Prosper Blog…

See you next month! (maybe)


Past Index Readings:
53% - July 2008
56% - June 2008
57% - May 2008
61% - April 2008
54% - March 2008
54% - February 2008
46% - January 2008
43% - December 2007
50% - November 2007
57% - October 2007
54% - September 2007

What is the Warm n Fuzzy Index?

Wednesday, September 3, 2008

Sept. Performance Update – LC’s Prosper ROI


It’s been a while since I went through the trouble to see how my Prosper portfolio is doing, so here it is.

I use Excel’s XIRR function and count all loans 1 month late or more as having $0 loan value, 17 loans.


XIRR (ROI) = 8.06%

Average Loan Age = 511 days


I was a little surprised that the ROI went up since the last time I calculated it. I’ve had a bunch of loans slip into the death zone since then, but fortunately for me I think it’s because these are older loans for the most part and don’t impact the result as much. I double checked everything too to make sure. No mistakes. Cool.

For reference, here is my historical performance for the past year:

8.06% Sep. 02, 2008
7.88% Jun. 18, 2008
7.90% Apr. 24, 2008
7.76% Feb. 04, 2008
8.42% Dec. 11, 2007
8.18% Nov. 16, 2007
7.80% Oct. 09, 2007

Pretty stable. Cool…


And for my next trick, I will attempt to pull a rabbit out of my magic hat…

Tuesday, September 2, 2008

This Week in Prosper Photos







A crapper with cup holders? Now we’re talkin’! But it’s still missing a magazine rack, foot-rest, and pillow…
















"My financial situation:is very stable I am a Poker dealer . I've been one for three years going on four. It's a very lucrative business I been in the field since I graduated High School first starting out as a hostess. During my tenure I met a host of prominent people who are establish Business men and women along the way."










"p.s. The photo is of my wife. "














100% HR
















It's been a while since I've seen the monkey dance performed...










Is that a keg on the floor behind them?









“Paying for and bringing bills currents and for school.”













Reminds me of a girl I once dated…