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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: OT: Date:  12/16/2007  11:39 AM
Author:  aounfest2007 Number:  265241 of 312161

I looked into it a while back, there's forum on the boards, too.

I remember a lot of people were uncomfortable with what I believe were a high number of defaults, and didn't think the risk was worth the return. Apparently, Prosper wasn't or was unable to go after defaulters as aggressively as they needed to be.

Also, if people repay their loans early, you're not going to be seeing the returns you expected.
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