Well another month down… Nothing major happened that would effect my IRR/ROI (like a debt sale.) It was a fairly uneventful month for my Prosper p2p lending account, but it was a good month… My ROI/IRR is higher on 4/5 of my tracking indices (it will be 5/6 when the statements are available and I update Quicken.) And my EricsCC ROI is within 4 basis points of last month’s value.
When going through my late loans this morning to build these statistics I noticed 2 things. One it is now very easy to tell which loans are in bankruptcy vs which loans are in collections. (3 of my 29 1+ late or worse loans are in bankruptcy.) The second is a more positive development many (more than I have ever seen before) of my late loans have collections payment pending. In fact, 1 of my 4+ month late loans has a collection payment pending, 3 out of 7 of my 2 month late loans have a payment, and 2 out of 3 of my 1 month late loans have a payment. Maybe things are looking up in the collections area? Time will tell.
Anyway, here is a chart of my updated IRR and ROI values…
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