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SCP Prosper, P2P Lending, Investing, And Finance Forum > Prosper > Lenders > Are early payoffs bad?
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Author Topic: Are early payoffs bad?  (Read 825 times)
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« Reply #15 on: October 09, 2008, 10:30:20 AM »
Quote from: deskguy on October 08, 2008, 08:42:28 PM
one of my first loans was for $100 and the borrower paid off the whole thing with his first payment. i made 42 cents interest. wouldn't want that to happen very often but wouldn't be too unhappy if the prepayment was at least 18 months out.

I actually would not mind earning the 42 cents. That is way better than lost on the loan. I actually like people paying early in this kind of economy.
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