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Old 10-13-2010, 11:44 PM
Mama Zappa is offline
Charter Member
Join Date: Feb 2003
Posts: 12,493
Ouch! Sorry to hear you've got another one going south.

Is the loan officially charged off? or just way late.

My one loan that's gone bad is now 4ish months overdue (hasn't paid since May). Nothing else is running late.... yet. One loan made a large prepayment a few months ago and a smaller prepayment last month; it should be fully paid off in a couple more months if they just make their schedule pyaments.

I do have one D-class loan that's OK so far. Total of about 26 loans.

I'm not really adding new cash to the pot at this point, just letting things accrue and funding a new loan when it adds up to 25 dollars. Right now that takes just over a month.