February 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 two loans payoff and 3 has recently gone slightly late. I am no longer bidding on prosper loans unless they come from my lending group. I am drawing down my account for now. I "write off" all loans in collections as a loss.

Here are my stats as of today:

Outstanding Loans:

Late: 3 (< 30 days)
In Collections: 2 (written off)
Current: 44

Closed Loans:

Charged Off: 2
Paid Off: 10

Open Bids: 1

Total currently invested: $1516.25 (Principal Value)
Cash in Account: $ 157.13 (includes open bids)

Total Principal: $1673.38