After reaching the 10K milestone I stopped adding fund to my Prosper account unless the funds were generated in advertising/donations. Today, my account value peaked over the 11K threshold ($11,079.42). I am very happy with my progress to date.
To be sure, I wish I had avoided certain extended credit that I bid on in my 1st year, but in general I am holding up pretty well…
To date I have had $841 in paid interest and $107 in defaulted principal.
I have a number of loans that will likely be sold in the December debt sale… I currently have in $383 principal that is eligible for the December debt sale. Using a 90% loss rate that would mean I will have ~$345 in additional defaulted debt after December’s sale. That amount plus the loss of accrued interest might bring my account value below 11K. I am hoping that I will be able to maintain the 11K threshold through that sale, but I will continue to only add funds as they are generated via advertising…
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