It is so sad. Day after day, lenders see loan after loan go in the toilet. "Charged off" in prosper lingo. Here's my Prosper.com in-box...
I've written extensively about the lack of moxy in Prosper's collections department. (and that's the most polite way I can say it) In May 2007 I wrote an open letter to Prosper.com .
May 2007 - collections is broken
A year later I wrote another appeal to prosper to get their collections act together.
May 2008 - here's what you should do with the lawyers
They never listen.
They never respond, except to say "One of your loans was charged off".
PS: The best discussion among P2P lenders occurs on prospers.org