Print

[Beerbud1]

$700.17

You could buy a couch for the waiting room with that kind of money.  What were your losses by comparison?

$25,000 that includes opportunity costs.

[cubbiesnextyr]

$700.17

You could buy a couch for the waiting room with that kind of money.  What were your losses by comparison?

$25,000 that includes opportunity costs.

Opportunity costs?  Including those tells us nothing of what you actually lost. 

Besides, based on math, most were getting 2.5% or so of their charge-offs, so that puts yours at about $27.5K of chargeoffs, which may not be your net losses.

[ira01]

$700.17

You could buy a couch for the waiting room with that kind of money.  What were your losses by comparison?

$25,000 that includes opportunity costs.

Opportunity costs?  Including those tells us nothing of what you actually lost.  

Plus opportunity costs are highly speculative (and subject to 20-20 hindsight).  What is the alternative investment that Beerbud is using to calculate his supposed opportunity costs?  A 1% savings account?  A 20% annual stock market return because he no doubt would have made incredibly excellent stock picks if only he hadn't invested in Prosper?  

[alexpkeaton]

A 20% annual stock market return because he no doubt would have made incredibly excellent stock picks if only he hadn't invested in Prosper?  

A simple index fund would have made been sufficient for that.

[Beerbud1]

Principal charge-offs:   -   $27,029.36

[mothandrust]

But surely the named plaintiffs get more than the rest of the class, or are you donating that to pug rescue?

Poor little guys.  This one found a hand mirror when no one was around and look what happened...

[cubbiesnextyr]

But surely the named plaintiffs get more than the rest of the class, or are you donating that to pug rescue?

Poor little guys.  This one found a hand mirror when no one was around and look what happened...

Pugs are not Gorgons! 

[loanuniverse]

$25 and change.

I was expecting more 

[rogerwaite]

But surely the named plaintiffs get more than the rest of the class, or are you donating that to pug rescue?

Poor little guys.  This one found a hand mirror when no one was around and look what happened...

Pugs are not Gorgons!  

My son suddenly wants a pug. I googled 'Pug People' for him and showed him the resulting images. I then googled 'Retriever people' for him. The difference in pictures is striking. The retriever images were of peopled posed with their dogs doing, well, dog things. The pug images were mostly about dressing them up in strange fashions.

ETA: I now return your thread from the twilight zone.

[cubbiesnextyr]

I received $13.24 on $527.20 of charge-offs or 2.51%.

My wife received $3.03 on $95.01 of charge-offs or 3.19%. 

I wonder why hers is a higher %?

[Beerbud1]

I received $13.24 on $527.20 of charge-offs or 2.51%.

My wife received $3.03 on $95.01 of charge-offs or 3.19%. 

I wonder why hers is a higher %?

They felt sorry for her! 

[Xenon481]

I received $13.24 on $527.20 of charge-offs or 2.51%.

My wife received $3.03 on $95.01 of charge-offs or 3.19%.  

I wonder why hers is a higher %?

I was also around the 3% mark.

I wonder if it has anything to do with some loans being sold off in debt sales (so some amount was already returned to you) and others not?

[bamalucky]

I got $203. 

[cubbiesnextyr]

I received $13.24 on $527.20 of charge-offs or 2.51%.

My wife received $3.03 on $95.01 of charge-offs or 3.19%.  

I wonder why hers is a higher %?

I was also around the 3% mark.

I wonder if it has anything to do with some loans being sold off in debt sales (so some amount was already returned to you) and others not?

I don't think so, my wife had all of 2 loans, both got charged off.  The original value of them was $107.85, so the $3.03 is 2.81% of that, and that's before any payments are taken into account.  She received $12.84 of prin payments (which includes the $7.01 in debt sales) to get to the 95.01 of charge-offs.

Do we have the formula for how they are calculating these payments?

[rogerwaite]

I received $13.24 on $527.20 of charge-offs or 2.51%.

My wife received $3.03 on $95.01 of charge-offs or 3.19%.  

I wonder why hers is a higher %?

I was also around the 3% mark.

I wonder if it has anything to do with some loans being sold off in debt sales (so some amount was already returned to you) and others not?

I don't think so, my wife had all of 2 loans, both got charged off.  The original value of them was $107.85, so the $3.03 is 2.81% of that, and that's before any payments are taken into account.  She received $12.84 of prin payments (which includes the $7.01 in debt sales) to get to the 95.01 of charge-offs.

Do we have the formula for how they are calculating these payments?

http://tech-89.blogspot.com/2011/12/calculus-iii-formula-sheet.html