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
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