Quote:
Originally Posted by woj
Didn't you say few months earlier that you are breaking even? Things have improved a bit, just had a slow start?
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Yeah, I started staying away from the HR with the higher interest rates and sticking more with C's with less high, but still high, rates. Though the B dude who's owed me the longest is still proof not all the ratings work. Plus as I put more in (I've got about another $4K in that was in payments) it's evened out with more accounts. I was also basing it on NONE of the lates ever paying and I've seen some come through.
Here are my current stats as far as loans:
Active loans: 273
Payment status:
241: Current
11 Paid
1: Payoff in progress
10: Late (<15d)
3: Late
5: 1 month late
4: 2 months late
9: 3+ months late
My average interest rate for ALL loans is 19.26% but that includes the lates AND the payoffs where I obviously didn't get much interest on a 2-3 month loan
It's an interesting process and I'm learning a lot. I'm hoping the meeting in Feb will be educational as far as collections, verifications, and their long term intentions. I call it Internet Vegas
