I am happy to say that my Prosper loan that was over 2 months late, now has a Loan Status of Current! I had been tracking the status of this late loan in the following posts -
The current details of this loan are below -
| Title | Credit Grade | Lender Rate | Interest Received (Less Collection Fees) | Principal Received | Remaining Principal Balance |
| Paying off my credit card debt from Pepperdine University | A | 14.75% | $2.09 | $5.29 | $44.71 |
I would like to be the first to congratulate this borrower on coming through on the required payments and moving the Prosper Loan Status back to Current. I will no longer be providing a status on this loan unless it falls back into a late status again.
Overall, my Prosper lending account is hanging in there, given the downturn in the credit markets and the economy. The following list provides some key statistics of my lending account -
- Active Loans – 40
- Late Loans – 3 (2 at Late(<15) and 1 at Late)
- Paid Off Loans – 4
- Average Interest Rate – 16.36% (for Active Loans)
- Average Daily Interest – .84 cents (for Active Loans)
At this time, my biggest concern is the 1 loan that is in a Late status as I have not received even one payment yet. If this loan were to escalate and be sent to collections in the future, I will provide some analysis and information concerning the details of the loan.
How are your Prosper loans doing in this choppy market? Do you have any late loans?
{ 2 comments… read them below or add one }
I only have two loans at Prosper but they are both on time so I cannot complain.
Glad to see that your once late loan is now current. I guess the person was just having a hard time but they are getting back on track.
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LuLu – Yeah, I feel a lot better about that loan. It is good to see it back on track!
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