From: | Prosper (No reply) |
Received: | Oct-22-2009 3:37 PM PDT |
To: | Toastmaster007 |
Subject: | You were outbid! Listing #XXXXX |
You have been outbid. This means that other lenders bid at a lower yield percentage. By bidding your minimum rate from the onset, you can help prevent having to rebid your offer should another lender outbid you later.
If you want you can bid again now:
Helpful links:
- Wondering why you were outbid? Learn how bidding works.
- Want to place bids automatically? Choose a portfolio plan.
- Want to place more bids? Search listings now.
Title: Paying off CitiBank Mastercard
Listing #: XXXXXX
Amount requested: $7,500.00
Current yield: 15.30%
Listing ends: Oct-22-2009 3:57 PM PDT
Time left: 0d 0h 19m
Your bid amount: $25.00
Your minimum bid yield: 15.32%
Regards,
Prosper
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You can see that my minimum bid on this particular loan was 15.32% and when all the bidders collectively pushed the rate below that my bid was null and void. When Prosper sends this email it gives you a chance to bid again at a lower interest rate if there is still time left. If you look closely you will see that when I received this email there were only 19 minutes left to bid. If you are serious about a particular loan you need to stay on top of it.