As I continue to see whether I was right here or whether I was right here, I monitor the activities of Prosper.com lenders and borrowers. A few Prosper experiences I found today:

Blogging Away Debt offers advice on being a successful Prosper borrower:

"Do not opt to have automatic funding. If you choose automatic funding, the rate that you have listed will be the rate you will receive. There is no chance for Lenders to bid your rate down because your listing ends when you are funded 100%. In my case, there was a flurry of activity near the end due to last minute bids. Let the market (and human nature) bid your rate down."

makingourway has his first delinquency:

"I'm glad this problem happened, now rather than later in the game when I was much more involved (and financially committed)."

My favorite Prosper post comes from lender Tired But Happy, who has both ups:

"Even though it's to my detriment to have borrowers pay loans off early (because then my money isn't earning interest until I can get it loaned out again), I find myself pulling for my borrowers. 'You go, Music Teacher', I think, when an especially industrious borrower makes an extra payment."

and downs:

"But the risks are starting to seem...riskier. My fourteen loans total $689, and return an average interest rate of 12.26%. So far, I have had borrowers be less than 15 days late three times. I have had one borrower be more than 15 days but less than 30 days late (and he still hasn't paid)."