September 2010 Prosper Lending Update

It is the middle of the month again and it is time for my update on prosper.com lending. It has been a quiet month with business as usually. I still have 2 very late loans and one is currently slightly late. I have no open bids at this time.

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: 1 (< 30 days)
In Collections: 2 (written off)
Current: 35

Closed Loans:

Charged Off: 8
Paid Off: 18

Open Bids:0

Total currently invested: $894.92 (Principal Value)
Cash in Account: $25.95 (includes open bids)

Total Principal: $920.87