Over on prospers.org we have an active IRC (Internet Relay Chat) community. One of the mainstays (and a big source of headaches for forum moderators on both the old .com and prospers.org forums) is bamalucky. A happy-go lucky Prosper lender with about $21k in Prosper loans. Now I know (inasmuch as one can know these things about Internet denizens) that he has a string of cashflow positive ventures, owns and rents several houses and has his fingers in several other pies.
He just tried for a Zopa loan and got turned down. I urged him to blog the details and if he does I'll cross link it here.
Bamalucky blogged about it here in his blog on Prospers.org.
Seems Zopa will have to get their act in order or they'll be turning away a certain class of borrowers.
Wednesday, January 16, 2008