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Author Topic: Debt Sales

W

WES

  • Posts: 34
Debt Sales
OP: November 29, 2011, 12:00:00 AM
Hi Peter:

Just had my first charge-off on Prosper.  :(

Just to be clear, I understand that the chances of recovering anything on this note are slim, but I also see that Prosper has done Debt Sales in the past. But I don't see any Debt Sale history since 2007. Is this something that the "New" Prosper no longer does?
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  • Posts: 363
Debt Sales
#1: December 05, 2011, 12:00:00 AM
WES, I will try and get a definite answer for you but I have heard that they still do this.
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D
  • Posts: 14
Debt Sales
#2: January 27, 2012, 12:00:00 AM
Peter, I see what WES is talking about here:

http://www.prosper.com/help/topics/lender-debt_sale_history.aspx

Over 700 bad debt notes sold in the month of December 07 alone - and then everything stopped???

Any word from Prosper on this?
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T
  • Posts: 6588
Debt Sales
#3: February 02, 2012, 12:00:00 AM
Hmmm. That is interesting. I am working on a post on debt collection practices and I hope to get to the bottom of this. Stay tuned to the blog.
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D
  • Posts: 103
Debt Sales
#4: February 07, 2012, 12:00:00 AM
I remember reading somewhere that Prosper was intending to hold on to their bad debt portfolio until such time that they could get more than a just a Happy Meal for them............but that was during the '08 meltdown.
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T
  • Posts: 6588
Debt Sales
#5: February 12, 2012, 12:00:00 AM
Dan, Always appreciate your help....but I think I will pass on this investment opportunity.
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N
  • Posts: 8
Debt Sales
#6: June 07, 2012, 11:00:00 PM
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T
  • Posts: 6588
Debt Sales
#7: June 07, 2012, 11:00:00 PM
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T
  • Posts: 6588
Debt Sales
#8: June 08, 2012, 11:00:00 PM
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