Nothing to Say

Here's where I stand today at propser.com. I quit putting money into this over a year ago. My only activity with prosper now is to log on once a mont to withdraw whatever cash has been paid to me. It's going to take years of this to get out of prosper.com completely.

I have no dire regrets. I got in to help people who were being screwed by credit card companies. Well, I thought they were being screwed. If I don't make money in the end then so be it. It was a good learning experience. The only problem with my plan was timing. Once I saw signs that the economy was going south then I started my retreat.

Don't be fooled by the "16.99% Average Interest rate". Pay attention to the late loans. I expect many of these to go into default. As you can see near the bottom, I've already lost $151.25 due to defaulted loans.