December 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 usual. I have 2 slightly late loans and 0 more have paid off completely. I three open bids at this time.

I did get a large collection payment from a defaulted loan which I will always welcome!

I am have decided to begin reinvesting in Prosper once again. I have drawn down my account and my financial situation has improved. I will add no new money at this point.

I "write off" all loans in collections as a loss.

Here are my stats as of today:

Outstanding Loans:

Late: 2 (< 30 days)
In Collections: 0 (written off)
Current: 31

Closed Loans:

Charged Off: 10
Paid Off: 22

Open Bids: 3

Total currently invested: $699.39 (Principal Value)
Cash in Account: $122.36 (includes open bids)

Total Principal: $821.75