Prosper:

“Prosper is pleased to announce that as of today, RateLadder will be the new Editor-in-Chief of the Prosper Blog.” — Prosper Marketplace

RateLadder:

I would like to thank Prosper, my wife, my daughter, my parents, my in-laws, my dogs…

*queue the exit stage music*

Just kidding… Seriously though… I have a passion for p2p lending. I have been a lender since July 2006. I have been running my 3rd party sites since right after reading about Prosper. These sites are still my own and are not part of the contract for Editor-in-Chief of the Prosper Blog: RateLadder, ProProsper, and P2P No Bank.

Full disclosure: I am not an employee of Prosper Marketplace, Inc. I am managing the Prosper Blog as an independent contractor as such I have agreed to a non-disclosure agreement and all of my activities as Editor-in-Chief of the Prosper Blog are owned and copyright by Prosper Marketplace, Inc.

I love the idea that with Prosper you can help people and make a better return than a normal savings account.

“But LendingStats says your ROI is currently ~4%: http://www.lendingstats.com/lenders/RateLadder_com ” –Informed Reader

Yes, but my Eric’s Community Credit ROI is ~9%.: http://www.ericscc.com/lenders/Rateladder_com

Without getting into the details of the ROI calculation at these 3rd party sites, I will just say this…

I have been lending since July 2006. I, like many, made some early mistakes in my lending strategy. Even though I was bidding on the better credit grades I didn’t pay close enough attention to other extended credit parameters… I continually adjust my bidding strategy and expect that my ROI (as estimated by both sites mentioned above) will continue to show improvement in the future.

The beauty of the Prosper Marketplace is that you can adjust and adapt. I started the RateLadder blog in December 2006 for exactly those reasons: to keep myself honest, pay attention to the marketplace, and evolve into the best lender I can be.

I hope you can see that I have a passion for p2p lending and I will bring that passion to the Prosper Blog as Editor-in-Chief.

We are always looking to share experiences of Prosper success with the readers of the Prosper Blog… If you have had a positive experience as either a lender or borrower, we encourage you to submit that story as a post for the blog. We even like rigorous math (but we like charts better as they are easy on the eyes).

I hope everyone enjoys reading and commenting on the Prosper Blog.

Here’s to our Prosperous success,

RateLadder

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RateLadder is the Editor-in-Chief of the Prosper Blog.  He is a Prosper lender and has been since July, 2006.  He has a passion for p2p lending.  He owns RateLadder — My Prosper.com Journey and other P2P Lending Adventures, P2P No Bank the P2P Blog Aggregate, and ProProsper — Professional Tools for Prosper Lenders featuring SQL access to Prosper data.