January 2010 Prosper Lending Update

It is the middle of the month again and it is time for my update on prosper.com lending. I had one loan payoff and 1 has recently gone slightly late. The number of "good" listings has certainly fallen over the past month due to the holidays. I "write off" all loans in collections as a loss.

Here are my stats as of today:

Outstanding Loans: 53

Late: 1 (< 30 days)
In Collections: 3 (written off)
Current: 49

Closed Loans: 8

Charged Off: 1
Paid Off: 7

Open Bids: 0

Total currently invested: $1613.02 (Principal Value)
Cash in Account: $ 79.80 (includes open bids)

Total Principal: $1692.82

Net Change from last month: $26.06 (1.56%) increase.

Note: I am currently not adding new money to Prosper. I only reinvestment payments I receive each month.

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