April 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 1 more loan payoff and 4 have gone slightly late. One more went to collections 3 days ago so it is written off in my eyes.

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: 4 (< 30 days)
In Collections: 3 (written off)
Current: 40

Closed Loans:

Charged Off: 3
Paid Off: 14

Open Bids: 0

Total currently invested: $1,398.46 (Principal Value)
Cash in Account: $73.50 (includes open bids)

Total Principal: $1,471.96