Lenders at MyC4.com do not have an easy task, when trying to check which of their loans are late on the repayments. The account page does not offer a comprehensive overview page. If a lender really wanted to check in detail he has to click through to the detail page of each loan he invested [...]
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Checking on MyC4 late loans
July 30th, 2008 — , 3rd party services, Bad debt, Defaults, bad debt, debt sale, MyC4, currency risk, debt sale, loans, myc4.com from admin @ P2P-Banking.com
Prosper Holding Onto Defaulted Loans - For Now
May 30th, 2008 — , General News, P2P Lending, Prosper, collections, debt sale, prosper news from Blair MacGregor @ Lendoza - news & information on p2p lending and the social finance industry
Prosper Vice President of Operations Doug Fuller updated lenders Friday night on the status of the numerous defaulted loans that Prosper has been trying to load off on junk debt buyers. Unfortunately, the news isn’t what most lenders want to hear: Prosper is holding onto the paper due to lack of what they call a [...]
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Continue reading → Prosper Holding Onto Defaulted Loans - For Now
Default Sale Delayed
May 5th, 2008 — , debt sale, prosper blog from Mike @ Prosperous Land Blog
I like that Prosper is putting up more posts from their folks on their blog. Today’s post was an update on the default sale by Doug Fuller. The punchline - the bad-loan marketplace is buyer market and a seller’s nightmare:
As a result of these efforts…
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January 25th, 2008 — Statistics, debt sale from Mike @ Prosperous Land
One of the advantages of tracking how loans age is that some interesting tid-bits appear. Prosper finished a just-in-time-for-tax-year debt sale at the end of December. While researching the loan aging during December, I extracted a few details about t…
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Latest Debt Sale
January 2nd, 2008 — Statistics, debt sale, default from Mike @ Prosperous Land
With the tax season upon us, Prosper is finishing their last debt sale of the year just in time for 2007 tax year write-offs (because nothing makes a tax filer more cranky than deferring write-offs while having to pay taxes on the associated income).
…
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December 27th, 2007 — Prosper, debt sale, homeowner, prosper news from tom @ Prosper Lending Review
701 defaulted loans have been sold to debt buyers for prices ranging from 2.8% to 14.5% of principal. This is the largest debt sale on Prosper with more than twice as many late loans sold as the previous largest debt sale three months ago.Here are the…
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December 23rd, 2007 — Prosper, collections, debt sale, prosper news from tom @ Prosper Lending Review
On the official forums, Prosper has announced a debt sale and an aggressive debt collection pilot program.Debt sale: As reported on December 22nd: “We have recently concluded bidding on a package of Prosper loans and are in the process of negotiating t…
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309 late loans sold in Prosper debt sale
August 29th, 2007 — Prosper, debt sale, default, homeowner from Matt @ Prosper Lending Review
Over the past week Prosper conducted their third debt sale. Prosper’s policy is to default loans and sell them once they are more than 3 months late. However, in order to conduct a debt sale they need to pool a significant number of loans together to…
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