It’s been a long while since I’ve read anything about Prosper.com and since the recession and economy have taken their toll on many people now is the perfect time to find out how well loans hold up during this period but I can’t find any information. I know Prosper is still in their “quite period” but what’s happening with the loans?

I jumped over to LendingStats.com and the data seems strange. Back in October 2008, I wrote this post which showed something I coined “dead money” as 4+ months late and defaulted loans of the top tier group approached 40% but LendingStats only shows defaulted loans at about 20% and that doesn’t make any sense unless every 4+ month late loan suddenly decided to pay and stay current which would be miraculous in today’s economy. The last data upload was in April 2009.

Can anyone out there shed some light? Have the old gang of Prosper aficionados (Mapgirl, Mike, Brandon, and Lazy Man) all written Prosper off?