Banking in Today’s Economy

09/23/09 posted by Prosper Blog

Sedrick Tydus, Chief Operating Officer of Alta Alliance Bank - a community bank headquartered in Oakland CA, provides his perspective on current banking issues, personal loans and real estate loans: “There was a shortage of community banks and we saw a niche to provide a unique service to customers that appreciate the hands on approach of a community bank.”

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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