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The Results From the Legal Collections Test

By Doug Fuller on 11/3/09 [ ]

Before discussing the results of the test, let’s review what we were testing. In November 2007, 74 loans that would have been included in the December Debt Sale were selected for a test of applying a legal collections strategy. These loans had an outstanding principal balance of approximately $705,000. They were placed at Hunt & Henriques, a prominent [...]

Collections – Hardship Arrangement are Benefiting Lenders

By Doug Fuller on 11/2/09 [ ]

One of the key challenges in collecting on unsecured installment loans is providing the borrower an incentive to continue to making payments when they come under financial distress. If you don’t make a payment on a credit card you can’t keep charging on it. In the case of a house or a vehicle loan, the lender [...]

$50 Sign-Up Bonus for New Lenders!

By Prosper Blog on 10/23/09 [ ]

Starting today new lenders will receive a $50 sign-up bonus to use for their first two bids on Prosper loan listings. This promotion will last until 1,000 new lenders have signed up and received their $50 bonus.
Prosper lenders have been experiencing positive returns from investing in our new borrower loans, (with an average borrower credit score [...]

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