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Comment from: bamalucky [Member]
Love what you do with the late stats.I notice you didn't mention Dougs latest blog post where he admits the Junk Debt Buyers didn't offer much for the 6.5 million in 4+ late loans.The last sale netted somewhere around 10% of value.I'm guessing this new offer is somewhere much South of that (3-5% my guess).So,from what i gather from your chart is if a loan goes even 1 month late,you can pretty much expect that 85% of the time it won't cure & you will get under 10 cents on the dollar if & when prosper ever defaults it.Correct?
05/04/08 @ 08:01
Comment from: tam [Member] Email
I will like to be part of a lawsuit against Prosper for bad collection.
for more information contact me at: hotweb8@yahoo.com
09/09/08 @ 14:12

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