Lazy man gives a frank and honest assessment of his early days lending on Prosper: Prosper Mistakes I’ve Made.
Personally I took a far more conservative path to my lending strategy and I have done far better with my early loans. I am not saying that I was any smarter about my loan selection, I was simply more cautious (risk averse). My portfolio only just added an E a couple of weeks ago (I have no HR or NC). And the large bulk of my loans are in AA-C.
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