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[Capital_Finance_Group]

Something is going on here... Did millions disappear?

So far yes - we have not seen the billions yet 

[Urbi_et_Orbi]

Getting close to having peer-to-peer (p2p) loan number 10,000 defaulting from Prosper Marketplace (Prosper.com).

[Ferrix]

Nice SEO there.  Subtle

[Urbi_et_Orbi]

Nice SEO there.  Subtle

Got the idea from Nonattender.

[Urbi_et_Orbi]

September 29, 2010 Observation

Charge-offs  $44,234,685 21.49%
10,000 28.56%
Recoveries $2,135,439 1.04% 

Net charge-offs  $42,099,247 20.45%

[kenL]

September 29, 2010 Observation

Charge-offs  $44,234,685 21.49%
10,000 28.56%
Recoveries $2,135,439 1.04%  

Net charge-offs  $42,099,247 20.45%

so that may be the reason why they delayed charging off so many 120+days late, to delay #10,000. Now that they are at 10,000, tomorrow there will be a big jump in charge offs.  Today all 4 of my 120+day late are now charged off.

[pioneer11]

I had one approaching 6 months late flip to charged off today.

[Senator]

Maybe they needed to keep the number low until after their latest press release.

[kenL]

September 29, 2010 Observation

Charge-offs  $44,234,685 21.49%
10,000 28.56%
Recoveries $2,135,439 1.04%  

Net charge-offs  $42,099,247 20.45%

so that may be the reason why they delayed charging off so many 120+days late, to delay #10,000. Now that they are at 10,000, tomorrow there will be a big jump in charge offs.  Today all 4 of my 120+day late are now charged off.

Well, only 11 new charge offs today (now at 10011). Not the jump I was expecting. Maybe the 120+day late are already counted as charged off, if not then I am on 4 of those 11 loans, that would be hard to believe.