Comments on: Update on Prosper http://www.weissblog.com/2007/02/12/prosper-update/?utm_source=rss&utm_medium=rss&utm_campaign=prosper-update Welcome to my reality... Fri, 03 Feb 2012 21:20:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: jweiss http://www.weissblog.com/2007/02/12/prosper-update/comment-page-1/#comment-12 jweiss Mon, 12 Feb 2007 23:50:11 +0000 http://www.weissblog.com/2007/02/12/prosper-update/#comment-12 You know what Steve, I can see your point here and I admit to oversimplifying the issue. You know what Steve, I can see your point here and I admit to oversimplifying the issue.

]]> By: Steve http://www.weissblog.com/2007/02/12/prosper-update/comment-page-1/#comment-11 Steve Mon, 12 Feb 2007 23:14:24 +0000 http://www.weissblog.com/2007/02/12/prosper-update/#comment-11 I don't think this comment is fair: "But, in the end, seems the the old saying about banks applies here as well; in order to borrow money you have to first prove you don’t need it." Prosper is still going to have AA-HR borrowers on the system. I can't imagine that the sub-prime (E-HR) or even near-prime credit scores (B-D) would qualify as people who don't need money. I think your comment is an oversimplification - the lender still has the option to lend to people who are very safe to very risky. I don’t think this comment is fair:
“But, in the end, seems the the old saying about banks applies here as well; in order to borrow money you have to first prove you don’t need it.”

Prosper is still going to have AA-HR borrowers on the system. I can’t imagine that the sub-prime (E-HR) or even near-prime credit scores (B-D) would qualify as people who don’t need money. I think your comment is an oversimplification – the lender still has the option to lend to people who are very safe to very risky.

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