So its the end of the month and it looks like I had another great month with everyone making their payments on time. My Estimated Return on Investment or ROI has steadily climbed this month. My loans have aged to an average of 286 day old. This and everyone making their payments on time and no further lates or defaults gives my portfolio and instant boost of ROI.
My current ROI at the end of October is according to www.lendingstats.com is between 9.9% and 10.5% with a average loan credit rating of B. What does this all mean? Well simply put lending stats uses a advanced formula that was just recently updated to try and estimate given your loans performance how many will go late or default and then output a estimate on ROI. My performance here on prosper.com has been decent. I have only had one default to date with a total of 48 loans.
Using the lendingstats.com formula I am looking to out pace the Experian ROI which is rather weird but Ill take the optimistic look this time. My average lending rate is about 13% after accounting for future lates and defaults based on my personal lending history I should get a healthy double digit return.
Looking a bit deeper at my personal portfolio my oldest current loan is 553 days and counting and my current lender rank in the prosper.com community is 6748. I plan to be within the top 5000 by the end of the year using the lending habits mentioned earlier.
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