New Attempt At Observing Collections Progress

My previous attempt at getting a handle on how collections are proceeding on Prosper following the arrival of the new VP of operations didn't go so well. I did not have a grasp on how successful collections impact the reported loan status. Time to try again.

At the beginning of each month, I'll download the raw Prosper loan data. It'll be processed to determine loans that increased in their lateness (going from 1 month late to 2 months late, for example), and those that showed signs of some monies being collected (held or improved position). The first dataset was picked up on Dec 1, with this being the baseline for all future statistics tracking.

I'm going through the trouble to fill in the gaps with the collection agency statistics. The statistics report how well the collection agencies are performing, but do not discuss borrowers paying directly through Prosper (perhaps because they got a letter) to get the account current. I also find that it has less ambiguity than the statistics that Prosper reports.