I was a little surprised at the result, considering I’ve picked up more late borrowers since I last reported. Fortunately the ROI still manages to hover between 7.5% - 8.0%. It is also hovering between the two ROI estimates given by Eric and Lendingstats. (7.57% and 8.68%)
When using the xirr function, I count all loans that are one month late or worse to have $0 loan value. I also included 2 loans that were less than one month late because they have the dreaded “Bankruptcy” tag next to them. Erg…
Below is a little more info on my late loans that I am writing off at the moment. Any extra payments squeezed out by the Collection Agency Amsher at this point will be considered a blessing. Also, based on Prosper’s last bad debt sale attempt, these loans, for all practical purposes, have zero value to anybody but me anyway. I hope I get some more payments out of these deadbeats.
Well, here’s to my current borrowers that they remain current.
*LC eats a banana*
3 comments:
Have you see fynanz.com? with the lending bonuses, the returns can get very high - and since these are students that have been vetted, the risk might be lower.
Come out Come out where ever you are!!! LC is missing in action for over 2 weeks now... Come back, we all miss those hilarious chimp faces you make.
Cubbies
Hi Cubbies. Here I am. Thanks for stopping by!
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