I lend money on prosper.com. It’s a peer to peer lending service.
I just got my first default. Poor old henryjr declared bankruptcy and with it disappeared $93.52 of my money.
Overall, I’m up $263.89 but a couple of other folks are 3+months late on their loans. This is the part where it gets a little scary.
But wait, there's more
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What does it mean that you’re “up” $263.89? You’ve made that much interest?
QUESTIONNAIRE: Wrong answer given
I made that much interest. Actually, I made $93.52 more, but that’s gone since henryjr defaulted.