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…

Related posts:

• Quicken Updated My Prosper Account YTD ROI — 12.78% for account, 14.72% for Loans I updated my Quicken Prosper.com brokerage account per yesterday’s post: http://www.rateladder.com/2007/04/10/adam-nash-merged-with-rateladder-to-form-the-ideal-quicken-solution-without-prosper-integration/ The one things that is even easier is that if you use your monthly...
• Pensioner Debt Sale Results for August 07 Sale Pensioner (the former #1 lender on Prosper by amount loaned) has once again been generous in sharing his default debt sale results…  CreditGrade: B Homeowner:...
• RateLadder and LazyMan Default Debt Sale Results RateLadder had 1 loan in the recent debt sale. CreditGrade: AA Homeowner: Yes Verified Account: Yes Debt to Income Ratio: 25% Very Clean Extended Credit...
• Prosper.com Account Value at Blog Starting Point 12/27/06 $2800 in Principle Loaned Avg Interest Rate 15.76% Realized Net Gain/Loss: $32.72...
• Prosper Delinquent Debt Sale In Progress Yesterday Prosper began a delinquent debt sale.  This happens when loans are 4 months or more late and are sold to delinquent debt buyers… Loans...

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