December 2009 Prosper Lending Update

It is the middle of the month again and it is time for my update on prosper.com lending. Things went negative this month due to 3 loans going into collections. Once this happens I consider their remaining balance as lost and deduct it from my total principal.

Here are my stats as of today:

Outstanding Loans: 50

Late: 0 (< 30 days)
In Collections: 3 (written off)
Current: 47

Closed Loans: 7

Charged Off: 1
Paid Off: 6

Open Bids: 3

Total currently invested: $1523.80 (Principal Value)
Cash in Account: $ 142.96 (includes open bids)

Total Principal: $1666.76

Net Change from last month: $(45.19) (2.64%) decrease.