Prosper Loan Victory
Posted on: May 4, 2008 @ 9:59 pm by Administrator.
Wow - the last day of the Prosper Loan funding was extraordinary! In the middle of the night a $10K bid came in that pushed the listing to 86% funded. After that it pretty much funded within a matter of hours and several hours after that the interest rate began to fall to where it ended at 18.5% - a major improvement over my original listing rate of 25%.
This would not have been possible without the excellent leadership of RateLadder as my group leader. If you are looking for a group to join and need someone to help you create a successful listing, join RateLadder’s group on Prosper.
I also have to give a great deal of credit to P2P-Loans for helping out with an excellent analysis of my Prosper Listing.
Both P2P-Loans and RateLadder bid on the loan and their bids won. I also got bids from a Prosper Lending blog and Lazy Man and Money. If any other bidders have blogs that they want me to link to - just leave me a comment. I think I captured all the bidders that identified themselves in comments.
Thanks again everyone - now it is all on me to leverage this good luck and get rid of the rest of my debt. This will certainly make it much easier!
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