June 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 1 more has gone 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: 44

Late: 1 (< 30 days)
In Collections: 5 (written off)
Current: 38

Closed Loans:

Charged Off: 4
Paid Off: 16

Open Bids: 0

Total currently invested: $1,117.62 (Principal Value)
Cash in Account: $46.28 (includes open bids)

Total Principal: $1,163.90