So I’ve finally decided to start a Blog. Every day I get questions from users of this site about how to use and interpret the data here or requests for specific bits of Prosper-related information. I hope to use this Blog as a tool to share the answers to some of these questions and better interact with you, the users of EricsCC.com.
Welcome to Eric’s Blog
April 24th, 2008 · 2 Comments
Tags: Eric's Credit Community
2 responses so far ↓
1 Jim Peet // Oct 7, 2008 at 2:06 pm
This is more of a question then a comment:
How does Ericscc fund itself. I don’t need the specifics because it is really your business. But it strikes me that your users are benefiting from your work (very good work, I add) without supporting the site.
Perhaps an answer to this question might make a good blog post.
Thanks
2 Patricia // May 6, 2009 at 12:52 am
I agree with Jim Peet that you are doing a great job and providing a good service.
I’m disatisfied with Prosper, primarily because I was unaware of the tax impact. I made loans at high interest rates, expecting high defaults, but because the interest is taxed at a higher rate than the losses, the net works out very unfavorably. It seems to me that it would have been fairer to report interest net of defaults.
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