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Author Topic: Prosper canceling failed standing transfers?  (Read 10602 times)

DCS

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Re: Prosper canceling failed standing transfers?
« Reply #15 on: May 05, 2009, 02:16:42 pm »

So here is what I believe to be the scoop.  Any standing orders you had before Prosper 2.0 will poof the first time they fail (they may poof the first time they execute, pass or fail).  I have setup new standing orders since they have been back up and these are behaving the way they always have.

Thanks God-Father.  Luckily, I just had my large payment come in today, so I was able to set up my weekly and monthly transfers again.
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NewHorizon

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Re: Prosper canceling failed standing transfers?
« Reply #16 on: May 05, 2009, 02:23:34 pm »

When you guys set up the new automatic scheduled transfers, are you first compelled to sign off on some Prosper2.0 agreements perhaps?
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DCS

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Re: Prosper canceling failed standing transfers?
« Reply #17 on: May 05, 2009, 02:29:54 pm »

I didn't have to sign anything.  The only difference is my automatic transfers now must be $25 or more.  (However, I did a manual one yesterday for under $10.)
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HollowOak

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Re: Prosper canceling failed standing transfers?
« Reply #18 on: May 06, 2009, 03:34:55 am »

Same thing happened to me.  I had automatic scheduled transfers for every day of the week, and an additional big monthly one.  They're all gone from the "Scheduled Transfers" list now.

Also, under "Past Transfers", the most recently scheduled automatic transfers (including the big monthly one set to happen in early June) are shown as "Failed."  Prosper must have cancelled them all.
So here is what I believe to be the scoop.  Any standing orders you had before Prosper 2.0 will poof the first time they fail (they may poof the first time they execute, pass or fail).  I have setup new standing orders since they have been back up and these are behaving the way they always have.

Actually, standing transfers I recreated *after* the event were also canceled. Prosper's response to me was rather curt, merely indicating that the issue was "fixed," without offering an apology or an explanation.

I have not been back yet, since I may have enough remaining orders to clear my account on a weekly basis.
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msava

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Re: Prosper canceling failed standing transfers?
« Reply #19 on: May 06, 2009, 03:33:03 pm »

One nice thing, suspended members can still borrow. I need $29,000 for a super deal. Might get the major portion from Prosper.
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bamalucky

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Re: Prosper canceling failed standing transfers?
« Reply #20 on: May 06, 2009, 03:34:17 pm »

One nice thing, suspended members can still borrow. I need $29,000 for a super deal. Might get the major portion from Prosper.

Not me..I can't list.

My Credit Union loans money almost as cheap as the Prosper paperwork fee.

http://www.fortmcclellancu.org/rates.asp
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ira01

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Re: Prosper canceling failed standing transfers?
« Reply #21 on: May 06, 2009, 04:28:20 pm »

One nice thing, suspended members can still borrow. I need $29,000 for a super deal. Might get the major portion from Prosper.

Not me (not that I would borrow from Prosper anyway -- I can get money much cheaper elsewhere, not that I need to borrow any).  What did you get suspended for?
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Xenon481

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Re: Prosper canceling failed standing transfers?
« Reply #22 on: May 06, 2009, 04:33:23 pm »

One nice thing, suspended members can still borrow. I need $29,000 for a super deal. Might get the major portion from Prosper.

I get the following when trying to create a listing:

Quote from: Prosper
Your account is suspended

The feature you have requested is not available to accounts that are suspended. Please contact customer support with any questions.

DCS

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Re: Prosper canceling failed standing transfers?
« Reply #23 on: May 07, 2009, 02:23:43 pm »

I didn't have to sign anything.  The only difference is my automatic transfers now must be $25 or more.  (However, I did a manual one yesterday for under $10.)

It appears the $25 limit applies to manual transfers as well now.  Today I have a $24.23 cash balance and Prosper won't let me initiate a transfer.  >:(
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ira01

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Re: Prosper canceling failed standing transfers?
« Reply #24 on: May 07, 2009, 03:24:37 pm »

I didn't have to sign anything.  The only difference is my automatic transfers now must be $25 or more.  (However, I did a manual one yesterday for under $10.)

It appears the $25 limit applies to manual transfers as well now.  Today I have a $24.23 cash balance and Prosper won't let me initiate a transfer.  >:(

I guess Prosper read here that transfers under $25 were being allowed for non-CA lenders, and promptly fixed that.  Too bad Prosper doesn't spend as much time doing things like collections and verification as it does finding ways to stick it to lenders.
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God-Father

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Re: Prosper canceling failed standing transfers?
« Reply #25 on: May 07, 2009, 03:36:02 pm »

I didn't have to sign anything.  The only difference is my automatic transfers now must be $25 or more.  (However, I did a manual one yesterday for under $10.)

It appears the $25 limit applies to manual transfers as well now.  Today I have a $24.23 cash balance and Prosper won't let me initiate a transfer.  >:(
I just did a manual transfer of $6.64.
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DCS

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Re: Prosper canceling failed standing transfers?
« Reply #26 on: May 07, 2009, 03:39:19 pm »

I just did a manual transfer of $6.64.

Ah, you're right.  I had forgotten to switch the drop-down to "From Prosper To" bank.  DOH!

Sorry for the false alarm...
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Urbi_et_Orbi

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Re: Prosper canceling failed standing transfers?
« Reply #27 on: May 08, 2009, 10:39:11 am »

Prosper got rid of the little animated item which illustrated the directionality of the transfer.
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brianguy

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Re: Prosper canceling failed standing transfers?
« Reply #28 on: May 08, 2009, 12:41:41 pm »

Prosper got rid of the little animated item which illustrated the directionality of the transfer.

yeah definitely a bad idea there.


I also hate how you can't see the daggers anymore either.  now you have to click on each loan, and it shows "Processing" instead.  so not only can you not see how many daggers you have at one time, they removed the distinction between 2 daggers and 1 dagger?  or is Processing one dagger and something else (Scheduled?) is 2 daggers?
« Last Edit: May 08, 2009, 12:44:12 pm by brianguy »
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Beerbud1

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Re: Prosper canceling failed standing transfers?
« Reply #29 on: May 08, 2009, 02:54:34 pm »

Prosper got rid of the little animated item which illustrated the directionality of the transfer.

yeah definitely a bad idea there.


I also hate how you can't see the daggers anymore either.  now you have to click on each loan, and it shows "Processing" instead.  so not only can you not see how many daggers you have at one time, they removed the distinction between 2 daggers and 1 dagger?  or is Processing one dagger and something else (Scheduled?) is 2 daggers?
Although I agree with you....It's funny because we all bitched about daggers actually being meaningless because so many payments failed to execute anyway. I know I did. I know I was frustrated many times seeing Double daggers and then a single dagger and then no payment.
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