No. of Recommendations: 20

Given the tremendous response to this article: and the questions raised in the comments section, I've decided to start this discussion thread. My purpose in starting it is to provide the key source material I used in writing the article. If you wish to do your own investigation and draw your own conclusions, be my guest.

Article: "Prosper denied it directly loaned money to either a man who was declaring bankruptcy or to his wife , whom he accused of stealing his identity."
Source material: , search for "By way of further answer, it is denied that Prosper loaned any money directly to the Plantiff or Defendant"

Article: "That may seem straightforward, but it's actually directly contrary to the contract that Prosper had with the people who bought the loans it originated."
Source material: , read the first paragraph.

Article: "In this particular case, whether it was truly identity theft is tough to discern. If it was, Prosper would be on the hook to buy back the loan through its identity-theft guarantee."
Source material:

Article: "The real problem is this: only Prosper knows the true identity of and has the ability to directly verify any claims (such as income) made by anyone looking to borrow money on its site."
Source material: , indicates that Prosper does not share any personal information with other members of Prosper unless the member chooses to do so.

Article: "With Prosper as the original creditor on its older loans (WebBank originates the newer ones),"
Source material: , "Through our agreement, all loans originated through the Prosper marketplace resulting from listings posted on or after April 15, 2008 are made by WebBank under its bank charter". Also, , "All loans originated through Prosper are made by Prosper Marketplace, Inc. from its own funds, and then sold by Prosper"

Article: "it [Prosper] has rights to attempt to collect under the Fair Debt Collection Practices Act ."
Source material: , "The term 'creditor' means any person who offers or extends credit creating a debt or to whom a debt is owed, but such term does not include any person to the extent that he receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt for another."

Article: "Prosper does administer collections on loans that go sour."
Source material: , "Prosper handles all on-going loan administration tasks including loan repayment and collections on behalf of the matched borrower and lenders."

Article: "Fully 18.5% of all dollars loaned on Prosper between its inception and the end of June 2008 have gone delinquent."
Source Material: , an analysis done based on the table as it appeared when I wrote the article.

Article: "More than 35% of the dollars loaned in February 2007 are in some stage of evaporating."
Source Material: , an analysis done based on the table as it appeared when I wrote the article.

Article: " member Fred93, who has apparently invested more than $800,000 in Prosper loans, has repeatedly called into question the efficacy of Prosper's collections."
Source material: For the loan amount: (See "Total Loan Amount"). For Fred93's repeated questioning of Prosper's collections, see , , and

Article: "Likewise, member ira01, who has also reportedly invested a decent chunk of change, has posted to a discussion forum about several areas in which he says the company is not living up to customer expectations. They include:

* Misleading advertising
* The (now defunct) process for selling off non-performing loans
* Poor identity and income verification
* Erasing the old discussion forums where borrowers and loan purchasers could interact "
Source material: For ira01's investment, see ("Total Loan Amount"). For ira01's comments, see .

Article: "A standard Prosper loan lasts three years."
Source Material: "All Prosper loans are three-year loans."

Article: [CD Rates quoted in the table near the end of the article]
Source Material: , an analysis done based on the table as it appeared when I wrote the article.
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