tag:blogger.com,1999:blog-1275996914383242610.post503517511248729103..comments2009-10-01T09:30:47.779-07:00her every cent countshttp://www.blogger.com/profile/03559826632110489586noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1275996914383242610.post-18397408812204552602009-10-01T09:30:47.779-07:002009-10-01T09:30:47.779-07:00So far I only lend to AA ratings with no defaults, home owners with less than 30% DTI ratio and in jobs for over 5 years. No defaults or late payments so far but I expect it will hit me soon. I am earning an average of 8.25% return.Cheapskate Sandyhttp://www.yesiamcheap.comnoreply@blogger.comtag:blogger.com,1999:blog-1275996914383242610.post-82246306321824563822009-04-29T11:47:23.095-07:002009-04-29T11:47:23.095-07:00Prosper does have stringent requirements to become a lender. It is part of the agreement that has to be signed up front.Nathanhttp://www.blogger.com/profile/04481143151626042549noreply@blogger.comtag:blogger.com,1999:blog-1275996914383242610.post-36152918941387842722009-04-29T06:14:54.551-07:002009-04-29T06:14:54.551-07:00I've had a similar experience with Prosper. The ratings seem to mean nothing. I've had A and B loans default. I had one more risky B loan pay everything back.<br /><br />Overall, I actually lost money with my Prosper experiment.<br /><br />While I love the concept of P2P lending, I'm starting to think that lending money to people who can't get a loan from a bank is probably not a good investment move.SaveBuyLivehttp://www.savebuylive.comnoreply@blogger.com