Prosper January 2010 Statistics

Prosper.com Sees Debt Consolidation Hit All Time High

Excerpt:

Notable in January was the increase in personal loans for debt consolidation purposes. Over the course of the last six months, debt consolidation loans have been ticking up, and in January hit an all time high of 59% of loans. Historically debt consolidation has tracked at approximately 45% of loans.

Comment: I am focusing on AA and A loans. My maximum loan amount target is $ 25. This provides maximum diversification. I originated 12 loans in January (AA = 9, A =2, B=1) and 10 in February (AA = 8, A = 2)