Every once in a while, I read a post in the Prosper forums that provides lots of insights. Today I found this post interesting where several lenders debate the advantages and disadvantages of investing in Prosper.com and long-term lenders share their opinion. Suggested reading for new lenders.
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Prosper.com customer service
BigGulp's report on a day spent at Prosper.com customer service. Recently back insourced from the Phillipines the customer service is still a topic of many complaints at the discussion forums.
Dzogchen view on good groups
Dzogchen analyses in this thread which Prosper groups have grown fast and larger. He uses own categories like 'distressed borrowers' to analyse group performance and found out that groups directed at some causes have experienced much higher defaults then others. E.g. in 'distressed borrowers' 12.1% are delinquent, while in 'entrepreneurs' it's 6.2% compared to 0.5 in 'computer users. techies'.
Following discussion included whether this allows predictions and if listings without groups are better risks. An asked for report was if borrowers that posted in the 'Review My Listing' did have a higher rate of defaults.