Saturday, September 8, 2012

Prosper Collection Process

One of the things that I like about Lending Club is that they list their attempts to reach out to a delinquent borrower to collect on a late loan.

A week and a half ago Social Lending Network had an article detailing Prosper's collection process. It's nice to see the efforts they're making, too--though I would still appreciate a view into that world, just so that I can see that my interests, as a lender, are being watched out for.

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