hunt henriques

 

Prosper loses several lawsuits against non-payers

October 31st, 2008 — , Defaults, bad debt, debt sale, Prosper, Prosper.com, US, collection, court, default, hunt henriques, law suit  from wiseclerk @ P2P-Banking.com

One of the downsides of p2p lending service Prosper.com are high default rates. Results from collection attempts are low.
In an attempt to test alternatives to the existing collection process Prosper in January selected 66 cases of nonpaying borrowers and turned them over to the law firm Hunt & Henriques to pursue these cases in court.
Fred [...]

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