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[quote=Anonymous][quote=Anonymous]I invested 2500 about 3 years ago, almost all my loans are paid off or will be paid off this month. I've received back ~2750.

The biggest hits are when people default early on into the loan. At least those can be tax write offs though. I also have one idiot who has consistently paid 1 month late so I've been getting hit with 18% "investor fees" every month for each payment on that account (it's usually 1% for on time payments). I don't like that they take that out my account. The borrower is supposed to have a late fee charged after 16 days late also "to compensate borrowers" but I've only seen a couple cents credited to my account when someone pays after being months overdue. Because of these issues I have not put more money in, I am taking money out as it comes in.

Here are some stats (unclear if this is inclusive or exclusive of fees paid):
Paid off loans (76):
   Investment: $1900
   Payments to date: $2193.50
Ongoing loans (17):
   Investment: $425
   Payments to date: $473.20
Defaulted loans (7):
   Investment: $175
   Payments to date: $91.31

Total Payments to date: $2758.01
   Principal: $2335.76
   Interest: $422.25
[/quote]

That still beats the pants off a savings account.
[/quote]

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