A loan expires 10/2

[go4reward]

http://www.prosper.com/lend/listing.aspx?listingID=403994
Good: AA, 16%
Bad: 1 PR

[sosocratic]

It is fairly low risk. Prosper figures 4.8%.

I get 3.6 (see below) but then add 2 points for the one past PR = about 6%. Taking the DTI of 39% into and out of it does not seem to make much difference.

Bidding right about the 16% he is listed at should give about a 10% ROI but I would not go much lower. Since it is probably somewhere between about 5 and 15% you are already at risk of being better of with a CD (but probbaly not). 

http://www.prosper.com/lend/performance.aspx?af=0&esba=63&gm=0&gr=0%2c1%2c2%2c3%2c4%2c5&hw=0&iba=255&ibid=0&iwatch=0&lc=0%2c1%2c2%2c3%2c4%2c5%2c6%2c7&lq=&maxAmt=18000&maxDTI=1000000&maxFund=1&maxGrpTLC=1000000&maxND=0&maxPR10=0&maxQ6=3&minA=0&minAA=0&minAmt=13000&minB=0&minC=0&minD=0&minDTI=0&minE=0&minFund=0&minGrpTLC=0&minHR=0&minNC=0&minND=0&minPR10=0&minQ6=1&occ=&od=09%2f30%2f2008&oer=01%2f01%2f2008&osr=11%2f01%2f2005&plcgd=&plp=0&sf=10&sh=0&sn=&tg=0

[go4reward]

I don't really like the 1 PR.

[deskguy]

statistics aside, i didn't bid because i don't like his priorities. he's broke and he's going to borrow money to buy his daughter a $20k beemer? one of my kids has one but he makes $150k a year! i know, not supposed to moralize on these things but sometimes they just slap you in the face.

[sosocratic]

Good point - the same thing had occurred to me (I noted the price but missed that it was a Beemer). I drive a Toyota that is not much more expensive.

[go4reward]

Your point is well taken. His kid got spoiled. Not a good of managing money.