Comments on: Sweet Prosper is Back!

By: Evan

Evan — Tue, 06 Oct 2009 14:18:35 +0000

Detoxtechy,

I am pretty sure you are referring to illegal file sharing P2P networks and that is not at all what I am talking about lol

By: detoxtechy

detoxtechy — Tue, 06 Oct 2009 02:15:27 +0000

i love Peer to Peer networks. i download from emule and bittorent all the time and you can get lots of stuff from them.

By: Evan@MyJourneytoMillions

Evan@MyJourneytoMillions — Thu, 01 Oct 2009 13:41:36 +0000

Arthur,

I only invest in listings that give debt to income ratio information (granted they could lie about it) and are debt consolidations.

I agree with you about using prosper to purchase things, like a new kitchen (I never understood that one)
.-= Evan@MyJourneytoMillions´s last blog ..Finding Help with Unemployment Benefits =-.

By: Arthur Thomas

Arthur Thomas — Thu, 01 Oct 2009 06:24:10 +0000

I have been told that our credit score has nothing to do with our income or employment history. Peer-to-peer-lending companies are no different than banks. They trust your credit score more than you debt-to-rational income. My advice is, if you can’t afford it, than you don’t need it. either do without or put whatever you want on the backburner when you saved up enough cash.

By: My Journey

My Journey — Wed, 22 Jul 2009 04:38:19 +0000

Evita,

Prosper’s website makes it clear that they do not allow borrowers who have credit scores below 640. Whether they are using FICO scores or one of the Credit Companies, it is irrelevant because they have rejected you.

How would I handle it? I’d take a look at my situation and figure out why I am in the 640 range and how I could get it up, even if its on the short term.

By: Evita DenKok

Evita DenKok — Wed, 22 Jul 2009 04:11:18 +0000

Hi,
I was reading your blog and I was wondering why my application was declined right away. I have a 1 year loan woth Prosper and I have been paying properly, I have been doing all my other payments properly too. Not even one is delayed. The problem is I have lived in the US since 2005 only and most of my accounts seem to be maxed, due to the lender or credit card agency not properly displaying my credit limit or suddenly lowering it to the level of the balance. But I have been a good lender all through those 3,5 years. Now prosper is telling me my scose is lower than 640 and has gone more than 40 points since last year, but is unable to explain me how they got to that number. My experian score is much higher than that and my score never went down more than 40 points anyway. Also, my loan was rated a C last time and this time it is rated an HR and prosper cannot explain me the criteria used in this as well. since last year, I closed a lease account and opened only one more account. What is the big deal if I am paying properly and do not have any collections or anything like that? Please explain if you know it.