January 2011 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 another quiet month with business as usual. I have 1 slightly late loan and 0 more have paid off completely. I no open bids at this time.

I 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: 1 (< 30 days)
In Collections: 0 (written off)
Current: 35

Closed Loans:

Charged Off: 10
Paid Off: 22

Open Bids:0

Total currently invested: $773.99 (Principal Value)
Cash in Account: $61.52 (includes open bids)

Total Principal: $835.51