SCP Prosper, P2P Lending, Investing, And Finance Forum
September 09, 2010, 10:21:24 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: If you have register a new forum account, please check your email for approval and activation.
 
   Home   Help Search Gallery Login Register me@Prosper SCP  
SCP Prosper, P2P Lending, Investing, And Finance Forum > Prosper > Lenders > Is your loan in Collection yet?
Pages: [1]
« previous next »
  Print  
Share this topic on AskShare this topic on BlinkbitsShare this topic on BlinklistShare this topic on BloglinesShare this topic on BmarksShare this topic on Del.icio.usShare this topic on DiggShare this topic on DzoneShare this topic on FacebookShare this topic on Feed Me LinksShare this topic on FurlShare this topic on GoogleShare this topic on LiveShare this topic on MagnoliaShare this topic on MySpaceShare this topic on NetvouzShare this topic on NewsvineShare this topic on OneviewShare this topic on RedditShare this topic on RojoShare this topic on ScuttleShare this topic on ShadowsShare this topic on SlashdotShare this topic on SpurlShare this topic on SquidooShare this topic on StumbleUponShare this topic on TechnoratiShare this topic on TwitterShare this topic on TipdShare this topic on YahooShare this topic on Google buzz
Author Topic: Is your loan in Collection yet?  (Read 390 times)
go4reward
Administrator
Forum Champion Addict
*****
Location: MoneyLand
Posts: 1334



WWW
« on: August 26, 2008, 09:49:31 PM »
I have a few loans in collections now. I am curious to know does anybody have any loan that was in collection has been paid and become current again?
Logged
Swag bucks - Search the web and win rewards for free.
Jason
Global Moderator
Regular Contributor
*****
Location: Columbia, MD
Posts: 40


My Family


WWW
« Reply #1 on: August 26, 2008, 10:35:30 PM »
From what I know it is a very low percentage 5%-ish that repays once in collection. I have one loan out of 75 at 2 months default from a college student. She replied a lot at first, but I remember being in school and how tight money gets so I blame myself.

I no longer invest in students. I'll wait for them to graduate and be gainfully employed.

Lesson learned.
Logged
Jason
go4reward
Administrator
Forum Champion Addict
*****
Location: MoneyLand
Posts: 1334



WWW
« Reply #2 on: August 26, 2008, 10:38:27 PM »
Quote from: Jason on August 26, 2008, 10:35:30 PM
From what I know it is a very low percentage 5%-ish that repays once in collection. I have one loan out of 75 at 2 months default from a college student. She replied a lot at first, but I remember being in school and how tight money gets so I blame myself.

I no longer invest in students. I'll wait for them to graduate and be gainfully employed.

Lesson learned.

1 out of 75 only?! This is great stat.
Logged
Swag bucks - Search the web and win rewards for free.
996
Prosper Member
Occasional Contributor
*
Posts: 6
« Reply #3 on: August 27, 2008, 03:11:00 AM »
What was the initial credit grade of that college student?  Was it an A or was it an HR?
Logged
Jason
Global Moderator
Regular Contributor
*****
Location: Columbia, MD
Posts: 40


My Family


WWW
« Reply #4 on: August 27, 2008, 11:40:29 AM »
She was a B grade and was funded at 13.5%

https://www.prosper.com/secure/account/lender/lender_loan_details.aspx?id=31228

Her lack of credit history was a red flag that I missed as well.
Logged
Jason
Pages: [1]
  Print  
« previous next »
 
Jump to:  

Momentum Stocks | Socorro Capital Partners


Powered by MySQL Powered by PHP Powered by SMF 1.1.11 | SMF © 2006-2009, Simple Machines LLC Valid XHTML 1.0! Valid CSS!