October 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 relatively quiet month with business as usual. I still have 1 very late loan and 2 have paid off completely. I have one open bid at this time on a group member's loan.

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: 35

Late: 1 (< 30 days)
In Collections: 1 (written off)
Current: 33

Closed Loans:

Charged Off: 9
Paid Off: 20

Open Bids: 1

Total currently invested: $803.36 (Principal Value)
Cash in Account: $80.73 (includes open bids)

Total Principal: $884.09