tag:blogger.com,1999:blog-6178547344217818498.post4699305666609391177..comments2023-11-26T16:59:51.483-08:00Comments on Prosper Lending Review: Prosper lending - How to avoid bankruptciesUnknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6178547344217818498.post-81220366590730088872007-07-30T13:55:00.000-07:002007-07-30T13:55:00.000-07:00That is interesting. Prosper must be purging the ...That is interesting. Prosper must be purging the payment history for these loans once they enter bankruptcy. I wonder if that is a legal requirement for them for someone who has entered bankruptcy.Matthttps://www.blogger.com/profile/04173168939647498585noreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-17857863695283775502007-07-30T10:36:00.000-07:002007-07-30T10:36:00.000-07:00Thank you for this analysis!However, your statemen...Thank you for this analysis!<BR/><BR/>However, your statement that none of the defaulted bankrupt loans made any payments is incorrect. I have two defaults due to bankruptcy, and both made their first few payments. For example, the henryjr loan (included in your nine) made the first three payments before going bad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-86523877149688519122007-07-16T08:17:00.000-07:002007-07-16T08:17:00.000-07:00Yes, these are just loans that have actually defau...Yes, these are just loans that have actually defaulted. Prosper's 3rd party tools doesn't allow to search by notifications related to the loans, but it does allow you to search based on type of default.Matthttps://www.blogger.com/profile/04173168939647498585noreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-36487134272045936752007-07-16T07:10:00.000-07:002007-07-16T07:10:00.000-07:00Does that 9 only include loans that have actually ...Does that 9 only include loans that have actually defaulted?<BR/><BR/>Two of my loans have a bankruptcy notice on them but neither are considered defaulted (by Prosper).<BR/><BR/>One is 4+ months late and the other isn't quite 1 month late.<BR/><BR/>I hope this is the case. I'd hate to think that I managed to pick 2 of those 9 loans.<BR/><BR/>It would also mean that there may be many more bankruptcies out there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-50914377720411602342007-06-18T20:59:00.000-07:002007-06-18T20:59:00.000-07:00Yes, out of 11640 loans only nine have defaulted d...Yes, out of 11640 loans only nine have defaulted due to bankruptcy. A larger number have defaulted due to late payments. Loans that default due to late payments are sold to collection agencies, but with bankruptcies none of the money is recovered.Matthttps://www.blogger.com/profile/04173168939647498585noreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-88998726895913651372007-06-18T17:46:00.000-07:002007-06-18T17:46:00.000-07:00Bankruptcy can free up money for child support. S...Bankruptcy can free up money for child support. See the June 12 article "Filing for Bankruptcy Can Help Pay Child Support" at The Child Support Web http://www.childsupportweb.comJimmyhttps://www.blogger.com/profile/17479121443273320604noreply@blogger.comtag:blogger.com,1999:blog-6178547344217818498.post-59836557202051258262007-06-18T17:45:00.000-07:002007-06-18T17:45:00.000-07:00So does this mean that only nine loans total have ...So does this mean that only nine loans total have defaulted due to bankruptcy? That is actually much lower than I would have guessed.tomhttps://www.blogger.com/profile/14523496714557649644noreply@blogger.com