Friday, February 15, 2008

Prosper.com - collections update

As I explained last time, Prosper said it would move our late loans from the poor-performing Penncro agency to Amsher. Yet, there seems to be no action. Here's an update on what has happened since I last wrote about this.

02/13/08 - no action. The Amsher numbers are still all zero.

02/14/08 - no action. The Amsher numbers are still all zero.

02/15/08 - no action. The Amsher numbers are still all zero.

Lenders can view the agency numbers at https://www.prosper.com/secure/account/lender/collection_agency_select.aspx

Lenders have no idea where our loans are now, or whether collections activity is ongoing. Is Penncro still making phone calls and taking other collections actions after they were "fired" by Prosper? Is anyone working our late loans?

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