“Follow @prosperloans” Sweepstakes Winners

08/11/09 posted by Prosper Blog

Congratulations to the 20 winners of our Prosper August 2009 Sweepstakes. Thank you all who participated and made this contest a success.

The following 20 winners were selected at random and have been notified to redeem their prize by sending a DM from their Twitter account to @prosperloans with their email address.

@Midg62
@luvtxess
@JEBKA02
@InnerCircleAli
@loganrobinson
@meevamarie
@gykangiszer
@tnmountain
@CharityDude
@corey239
@_PeacePower_
@intime111
@coolbeansdude51
@Dennishwang
@ameetaandrews
@katmagick
@cjlorusso
@Bbartelt
Wayne Kawahara
Noel Rosborough

Stay tuned for our next promotion in September. And follow @prosperloans on twitter for Prosper updates.

Prosper’s Media Roundup – 11/17/2009

By Prosper Blog on 11/17/09 [ ]

Prosper News Updates:
November 11, 2009
Fast Company: Peer-to-Peer Lending Explained: Brother, Can You Spare $100? By Lydia Dishman

November 11, 2009
Gerson Lehrman Group: The 5Cs of Credit, P2P Lending, Social Lending, Self-Directed Lending By Ronald Ingram
October 22, 2009:
NetBanker: Peer-to-Peer Marketplaces Join Forces to Influence Lawmakers with the “Coalition for New Credit Models By Jim Bruene
October 21, 2009:
American [...]

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 [...]

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