Where is crazyl?

Re: Where is crazyl?

The best tip you will ever receive Raiders, loan $ with Prosper.

Loans:
Active loans: 68
Principal loaned: $XXXX.XX
Avg. interest rate: 11.53%
 
Re: Where is crazyl?

You do.

Defaults go to one of 3 chosen collection agencies. The idea is to lend 50-100 bucks to each borrower to lessen your exposure.

I only loan to homeowners, with verified bank accounts, who have low debt to income ratios. Borrowers are rated from AA-HR (F). I only lend to AA & A although I'm tempted to take a chance on a C borrower for 20% plus.

I've yet to be burned. I have one loan out there and the guy has been late 2 times. When they pay late (over 15 days) late fees are added and intrest payments go up while principle payments hold relatively steady. It doesn't pay to stiff on a prosper loan.
 
Re: Where is crazyl?

Jimmy- You know what's easier then that. Grinding NL $100 buy-in at this time at Poker Stars when the drunks are out in full force.
 
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