October 2009 Prosper Lending Update

It is the middle of the month again and it is time for my update on prosper.com lending. I reinvest all payments into new loans when I find one I like. I had 3 new bids that become loans last month. I also have 2 notes that are paying off this month.

Here are my stats as of today:

Outstanding Loans: 49
Late: 2 (< 30 days)
Late: 0 (> 30 days)
Current: 45 (2 are processing payoff)

Closed Loans:

Charged Off: 1
Paid Off: 3

Open Bids: 1

Total currently invested: $1627.04 (Principal Value)
Cash in Account: $65.73

Total Principal: $1692.77

Net Change from last month: $24.59 (+1.47%) increase