Prosper.com: I'm the 20th best!
Thursday, June 07, 2007
I currently have an awesome Return on Investment of 21.96%. I can thank the loan that I closed at 28% with a B credit rating.
While I'm having a great deal of luck and fun at Prosper, it's important to remember that I could loose everything if A) Prosper goes under (the money is not FDIC insured) or B) if everyone decides to stop making payments (I have yet to have anyone miss a payment for more than 15 days).
Good luck and happy bidding. (Remember it only takes $50 to bid.)
Zecco.com. New $0 minimum to open account.
Wednesday, June 06, 2007
I just checked the Zecco.com website and it seems they've dropped the minimum opening amount for accounts from $2500 to $0.
(from their FAQ)
What is the minimum amount required to open an account?
Zip, nada: there's no minimum deposit required to open an account. Margin accounts require $2,000 minimum.
Prosper.com. I'm #8427!
Friday, June 01, 2007
I just checked my Prosper.com stats on Eric's Credit Community. I've made it to Lender Rank #8427!
With an estimated 21.31% ROI, I'm also showing up as being the 44th best member in terms of Return on Investment.
Absolutely all my loans are current and I haven't had any "less than 15 days late" in months.
I'm at a point where Prosper.com is getting more and more fun every day! My original goal was to fund 25 loans with $50 each for a total of $1250 (I would then receive roughly $50 every month in payments which would then be used to fund more loans, it's a $50 minimum per loan).
My new goal is to loan out $5000! I would then be receiving roughly $200 in payments per month and would turn right around and reinvest that into 4 new loans. I've also decided to take full advantage of the standing order feature to automate the whole process. I find that standing orders can sift through borrowers more quickly and efficiently than I can. Also I then don't have to worry about being an emotional investor. I'm sometimes compelled to bid on loans where borrowers are unemployed and may lose their houses due to foreclosures and don't have a prayer of being able to pay back the loan. My standing orders pass right over those.
New free samples at Walmart.com
Bill Clinton and George Bush Sr. speak at The University of New Hampshire
Monday, May 21, 2007
I also really liked Steve Job's speech.
The cost of school books is killing me!
Friday, May 04, 2007
I am currently taking the equivalent of 8 classes, that's the absolute maximum number of classes allowed by my University. In order to even qualify for this I had to pay off all outstanding debt (ouch!), needed a GPA of 3.0 or better (no problem since my last term's GPA was 3.89), and then I needed to meet with the Dean. After reviewing my records and interviewing me, her exact words were, "I see no reason why you shouldn't take that many classes."
Now I have a bunch of 0% introductory APR credit cards that I'm currently living off of. I make the monthly payments and just let the remaining balance roll over until about a month before the 0% introductory period ends. In other words, I have plenty of imaginary money. (I keep a little slider bar on the top right of my page that shows how much credit limit I have and what my goal is.)
The only problem is: The cost of school books is killing me!
I already use a combination of using the school bookstore, buying online from half.com, amazon.com, and eBay. I even send out emails to all the teachers kindly requesting that I be allowed to borrow one of their books (they usually get sent 5 books by the publishers to do with as they please).
If I sound mad now, wait half an hour. I'm off to buy some school books!!! grrrr!!!
What are some ways you cut down on school books?
Prosper.com. Here's what I'm bidding on this week.
C credit grade $8,000.00 @ 24.95%.
C credit grade $20,000.00 @ 27.50%.
C credit grade $25,000.00 @ 24.50%.
C credit grade $7,500.00 @ 27.50% .
Looking at my past trend it does really seem like I enjoy that C credit grade.
People-to-people lending. It's an old idea that's new again.
Thursday, May 03, 2007
Prosper.com: Here's how to check how much money your fellow bloggers have invested.
Prosper.com has funded over $58,000,000 in loans and has over a quarter million users!
Have you ever wondered how much money your fellow PF bloggers have invested on Prosper.com? Have you ever wondered how your diversification stacks up to others? Or maybe you are worried about how safe Prosper is and want to see if others are loosing money due to delinquent loans.
Eric's Credit Community is a great place for answers. You can check lender, borrower stats, and group stats. You can even look up your own rank to see how you stack up to other investors.
If you know someone's username (let's say your favorite PF blogger) you can even compare how much they have invested, where it's invested, and if any loans are delinquent.
The iPhone. It's everything except a phone.
Monday, April 30, 2007
Burgers and college, both 50% done!
Saturday, April 28, 2007
This was the last class to get my Associates Degree in Business Administration.
Time for fast food and a nap.
Where do you go for free samples?
Friday, April 27, 2007
I was just looking at a few blogs to see if I could round up websites that offer free samples that don't require too much of my personal information. I already look at Walmart's free sample page a few times per week, but that's just not enough. I found startsampling on Mymoneyblog, which looks promising.
Where do you go for free samples and free stuff?
I've added Freecyclefinder to the list.
Walmart's free sample page
I'm the 9029th biggest lender on Prosper.com
Thursday, April 26, 2007
I'll aim for the low 7000s for mid next month.
Guy posts his real phone number on YouTube, gets 5,000 calls. Includes interview on CNN.
Check this Prosper loan out. AA credit rating at 22%.
Is 298463% debt to income ratio too much for a loan? On Prosper.com, No Problem!
Just Took My Law Exam
Monday, November 27, 2006
Long overworded question
A. Possible trick answer.
B. An even better possible trick answer.
C. An even better possible trick answer.
D. Non of the above.
Really hard to understand question with lots of unnecessarily difficult to understand long words
I did alright on the multiple choice and I hope the essay questions bring my grade up.
Funded 1 More Loan on Prosper.com
Friday, November 10, 2006
Walmart Perscription Plan - Full List
Wednesday, November 08, 2006
Here's a full list of the drugs offered thanks to The Big Picture.
Did You Vote? Britney Spears Probably Didn't
Tuesday, November 07, 2006
Happy Halloween Week
Festival of Frugality is Up
Prosper Update: 1 Person Late (<15d)
I didn't want to be bothered by something like this too much so I simply sent an inter-Prosper mail saying:
Please make every effort to make the payment on this loan.
And I left it at that.
This morning I delved a little farther. At the origination of the loan, this person had 1 current delinquency, 10 past delinquencies, only 3 lines of credit, and wasn't a member of any group. Shame on me!
This was one of my first loans so I still didn't know what I was doing. I have since increased my standards. I now no longer lend unless the person is a member of a group and has significantly less delinquencies. The good part about the loan is that it is a C credit rating at 22.90%.
Later this morning I got an email back from this person.
Payment was made yesterday. Sorry, I changed jobs and my first payday fell on the 2nd of the month. I am in Iraq working so there shouldn't be any more problems. It just took a while to get my first paycheck. Thought I had it covered.I confirmed his payment by looking under loan details. There is a small Â next to today's date.
Â = in transit.
From what I can tell there is a $0.03 NSF charge that he also has to pay. But it seems like it may go to Prosper not me.
RaidenX: A Great Remake of a Great Classic
Monday, November 06, 2006
I only died once on normal.