We have completed the programming and testing on the routine to apply collection account refunds to lenders impacted by the change of accounts from PennCro to AmSher. We are planning to do the initial run of the program on September 22, 2008. The refunds will include interest on the overage. The logic was developed in such a [...]
Collection Refunds Update
September 19th, 2008 — , Misc, Prosper, Prosper Lenders, collections, employee, personal loans, prosper news from Doug Fuller @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Collections Update
August 25th, 2008 — , collections, prosper news from Doug Fuller @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
Let’s start with some housekeeping issues. First of all, the refunds of AmSher collection fees should be processed in the next few days. We have calculated the refund amounts on all payments through the end of July. Once the program is written and tested is should be an easy matter to run it for [...]
Related Websites- Doug Fuller Update Legal Test The New Agency Test aka Legal Test has been updated via the blog: Legal Test Update We have obtained service on 12 of the suits – and have sent “proof of service” back to the courts. Another 41 have been formally entered on the dockets of the court in and......
Debt Sale Update
May 30th, 2008 — , collections, prosper news from Doug Fuller @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
I know that many people have been anxiously waiting for an update on the debt sale. We’ve been working very hard toward finding a more favorable bid, as well as considering alternatives, but we’ve met with some severe obstacles.
Once bids with unacceptable contract conditions were eliminated the highest bid we received was only 1.5 cents [...]
Legal Test Update
May 9th, 2008 — , collections, prosper news from Doug Fuller @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
I wanted to give everybody a quick update on collections. I know that many of you are anxious for an update on the debt sale. Regretfully, I have nothing to tell you yet. I expect to have another update on this subject early next week (Monday or Tuesday).
In the meantime, I want [...]
- Doug Fuller Update Legal Test The New Agency Test aka Legal Test has been updated via the blog: Legal Test Update We have obtained service on 12 of the suits – and have sent “proof of service” back to the courts. Another 41 have been formally entered on the dockets of the court in and......
Debt Sale Update
May 2nd, 2008 — , prosper news from Doug Fuller @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
As most lenders’ know, Prosper had been planning to execute a debt sale during the month of April. To this end, a “bid file” was cut on April 11th. This bid file contained all loans that were more than 120 days past due as of that date that did not have a bankruptcy [...]SHARETHIS.addEntry({ title: “Debt Sale Update”, url: “http://blog.prosper.com/2008/05/02/debt-sale-update/” });
Collections Update #2
April 11th, 2008 — , collections, prosper news from Doug Fuller @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
I’ve just returned from my monthly visit to AmSher. I’m very impressed with how quickly they have come up to speed on working Prosper accounts. With three business days left in the month, we have already achieved our second best month ever in terms of total dollars collected, dollars collected per collection account and percent [...]SHARETHIS.addEntry({ title: “Collections Update #2″, url: “http://blog.prosper.com/2008/04/11/collections-update/” });
Online StoresDoug Fuller on Collections #1
January 4th, 2008 — Site Updates, prosper news from Doug Fuller @ Prosper Blog: Prosper, the online marketplace for people-to-people lending
One of the many activities aimed at improving collections undertaken in the last couple of months was the testing and implementation of an “Early Delinquency” letter series. Although borrowers were already receiving reminder emails and phone calls during the early delinquency period (1 -30 days past due), we thought it worth seeing if an actual [...]
Related Websites- Prosper Announces Collections "Early Delinquency" Letter Series I love hearing about collections improvements... Give me more!!! Sounds like an interesting idea. I am glad it works. (This must have been the test:Prosper In House Collections Letter) From Doug Fuller on Collections #1: One of the many activities aimed at improving collections undertaken in the last couple of......
