July 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 2 more loans 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: 42

Late: 1 (< 30 days)
In Collections: 6 (written off)
Current: 35

Closed Loans:

Charged Off: 4
Paid Off: 18

Open Bids: 0

Total currently invested: $1023.15 (Principal Value)
Cash in Account: $35.02 (includes open bids)

Total Principal: $1058.17