zcommodore

A couple of weeks ago, I passed the 18-month mark since I found and joined Prosper.  Earlier this week, my first loan reached 18 months old.  This morning, I got my 18th payment from that loan.  I've said it before and I'll say it again, I probably would never bid on that one today but, in this case, I seem to have gotten lucky.  If he pays for 6 more months, I'll have gotten all my principal back.  In the mean time, I'm half-way to a full-term payoff.  Too bad some of my subsequent loans didn't do so well.

Incidentally, my first loan has been late a few times.  Still, he's current at least for one more month.  I sent him a thank-you once after he caught up from nearly reaching 1-month late.  I got a note back saying he had had a hiccup in his finances where several things were due all at the same time.  I'm happy to see he's still paying.  Sometimes those 29% AF loans do pay....