zcommodore

With Prosper so young and with defaults so high, this doesn't happen very often.  However it does happen.

My very first loan is now on the gravy train (I've received more in payments than I originally bid).  Ultimately, the lenders are probably lucky on this one in the grand scheme of things.  Of my original $50 bid, I've received $53.20 in payments (it actually hit the gravy train last month but the payment was late).  If you don't feel like looking at it, it's a E grade loan in a "bad group".  It has been late a number of times and I've received some late fees along with normal interest and principal.  Based on the original payment schedule, the borrower is behind on his payments even though the loan is listed as "current" due to all the late payments.  He still owes me over $20 of my original bid where he should be around $18.42 if he had been paying on time every time.

It's nice to see a few good loans sprinkled in with all the lates and defaults in my account.