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Author Topic: Collections – Hardship Arrangement are Benefiting Lenders  (Read 44407 times)

BigCowboy

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Re: Collections – Hardship Arrangement are Benefiting Lenders
« Reply #105 on: November 16, 2009, 03:41:41 pm »

It's been said before, but we'd all probably give Prosper the benefit of the doubt if they were doing this 2-3 years ago. Now, after so many screw-ups, not many are willing to give Prosper an inch because there is no trust left. I'm not necessarily opposed to Prosper modifying loan terms if it truly is in the lenders' interest, but based on their record, I don't trust Prosper to make any decisions regarding my loans anymore. Would it have been so hard to just ask lenders if a modification was okay?

Prosper has not notified the lenders of loans in the "Hardship Arrangement" process!

-BigCowboy
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alexpkeaton

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Re: Collections – Hardship Arrangement are Benefiting Lenders
« Reply #106 on: November 16, 2009, 03:57:51 pm »

Prosper has not notified the lenders of loans in the "Hardship Arrangement" process!

-BigCowboy
Riiiight. That's why it's called an "arrangement," because they're arranging reduced payments from borrowers. If it looks like a duck, swims like a duck, and quacks like a duck...
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