Prospers.ORG Prosper Forum

Advanced search  

News:

Welcome to Prospers.ORG!   Login here

Pages: [1] 2 3 ... 8   Go Down

Author Topic: Debt Sale -- December 2007  (Read 147458 times)

Erasmus_Darwin

  • Full Member
  • ***
  • Karma: +0/-0
  • Posts: 111
    • View Profile
Debt Sale -- December 2007
« on: December 26, 2007, 08:39:03 am »
It looks like Prosper's going to get that last batch of defaults in before 2008.  I just got an email telling me one of my loans has been sold off.  I got 3.47% for the loan.  Clean D (though inquiries were a little high at 5) that paid on time for a year straight and then just stopped.
« Last Edit: December 26, 2007, 08:45:38 am by Erasmus_Darwin »
Logged

Shenandoah

  • Hero Member
  • *****
  • Karma: +193/-579
  • Posts: 10341
    • View Profile
Re: Debt Sale -- December 2007
« Reply #1 on: December 26, 2007, 08:50:04 am »
I got one this morning, too.  An E sold at approximately 3.5%.  I should have another 8 to go, probably later today.
Logged
We do not see things as they are. We see things as we are.

ducks

  • Hero Member
  • *****
  • Karma: +1/-0
  • Posts: 1862
  • November 24 is Thanksgiving Day
    • View Profile
Re: Debt Sale -- December 2007
« Reply #2 on: December 26, 2007, 09:05:18 am »
I have three eligible, 2 Cs and an A. Maybe the Ds and Es are in a different batch than As, Bs and Cs.
Logged
Predictit.org portfolio (originally invested $100):
$182.47 withdrawn
$141.33 left in PredictIt

traveler505

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 2238
    • View Profile
Re: Debt Sale -- December 2007
« Reply #3 on: December 26, 2007, 10:12:04 am »
If this debt sale works like the last one, the eligibility date will be approximately a month before the sale announcement.  In other words, the loan would have had to be 120 days past due in late November.

I'm not sure that all 5 of my 4+ month late loans meet this criterion, but I have 2 E, 2 HR, 1 C, and no emails thus far.
Logged
"Trav, you can always take up another hobby..." -- BigGulp

Now blogging at http://blog.traveler505.com, home of the MNH Reports and other commentary on Prosper.com and P2P lending in general.

Need Help with Credit Repair & Rebuilding?  Try CreditBoards.com.

arebelspy

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 1549
    • View Profile
Re: Debt Sale -- December 2007
« Reply #4 on: December 26, 2007, 10:40:43 am »
I've got something like 40 loans that are 4+ months late.

Got three emails so far, with timestamps of 6:34am, 6:51am, and 8:20am (PST).

-arebelspy
Logged

nonattender

  • Hero Member
  • *****
  • Karma: +1/-1
  • Posts: 1348
    • View Profile
Re: Debt Sale -- December 2007
« Reply #5 on: December 26, 2007, 10:53:56 am »
I have six 4+mo lates... eagerly awaiting my pennies on the dollar, but no word yet.  Have you disclosed yet the loan that you made an offer on, Trav?

-t
Logged
Nothing that I ever say is "professional advice" - principally, because I suffer from an infinitely inescapable prinicipal/agent problem, in that I am, in principle, always acting as my own agent.

Peer-to-Peer Lending & Personal Loan Information

pioneer11

  • Hero Member
  • *****
  • Karma: +159/-1996
  • Posts: 9116
  • 7/27/07-1/28/23
    • View Profile
Re: Debt Sale -- December 2007
« Reply #6 on: December 26, 2007, 10:55:12 am »
I have 3, but no email yet.  One of those is with the "test agency".
Logged
Why should I save a dog for $19 per month when I can save a child for $10 per month?

traveler505

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 2238
    • View Profile
Re: Debt Sale -- December 2007
« Reply #7 on: December 26, 2007, 10:56:14 am »
Quote from: nonattender on December 26, 2007, 10:53:56 am
I have six 4+mo lates... eagerly awaiting my pennies on the dollar, but no word yet.  Have you disclosed yet the loan that you made an offer on, Trav?

-t

Not yet; I'm waiting for Prosper's official announcement that the loan has been sold.
Logged
"Trav, you can always take up another hobby..." -- BigGulp

Now blogging at http://blog.traveler505.com, home of the MNH Reports and other commentary on Prosper.com and P2P lending in general.

Need Help with Credit Repair & Rebuilding?  Try CreditBoards.com.

Penelope

  • Sr. Member
  • ****
  • Karma: +0/-0
  • Posts: 344
    • View Profile
Re: Debt Sale -- December 2007
« Reply #8 on: December 26, 2007, 11:12:30 am »
I check in with 17 that should go.  No mail yet. 
Logged

Urbi_et_Orbi

  • Hero Member
  • *****
  • Karma: +196/-117
  • Posts: 9355
  • "Lock Him Up" - Suspended Since 9/3/2009
    • View Profile
Re: Debt Sale -- December 2007
« Reply #9 on: December 26, 2007, 11:27:05 am »
I have 12 eligible loans right now.  No emails yet.
Logged
Mothandrust: "Why's he off the ballot in Colorado but it's OK for the other 48 states and Hawaii to vote for him"
https://www.prospers.org/forum/index.php?topic=37264.msg807090#msg807090

Tokyo Joe

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 6082
    • View Profile
Re: Debt Sale -- December 2007
« Reply #10 on: December 26, 2007, 11:31:27 am »
Me have four 4+; me no have email yet.
Logged

Xenon481

  • Hero Member
  • *****
  • Karma: +835/-87
  • Posts: 12200
  • Feeling Gassy
    • View Profile
Re: Debt Sale -- December 2007
« Reply #11 on: December 26, 2007, 11:43:53 am »
I have 3 4+ Months Late loans and one 4+ Months Late Bankruptcy.  No e-mails yet.
Logged

traveler505

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 2238
    • View Profile
Re: Debt Sale -- December 2007
« Reply #12 on: December 26, 2007, 11:44:17 am »
If past practice is a guide, they'll trickle in over several days.
Logged
"Trav, you can always take up another hobby..." -- BigGulp

Now blogging at http://blog.traveler505.com, home of the MNH Reports and other commentary on Prosper.com and P2P lending in general.

Need Help with Credit Repair & Rebuilding?  Try CreditBoards.com.

RussA

  • Newbie
  • *
  • Karma: +0/-0
  • Posts: 36
    • View Profile
Re: Debt Sale -- December 2007
« Reply #13 on: December 26, 2007, 11:51:03 am »
Out of 3 eligible for sell-off, they sold 1 of my delinquents for $1.42 on a $41.66 balance.  Loan: A Plan for Changes (Never missed a payment in my life) (Loan #2889)
Logged

beerbud1

  • Guest
Re: Debt Sale -- December 2007
« Reply #14 on: December 26, 2007, 12:30:02 pm »
how old were these loans that got sold off? As an example were they say more than 7 months old or older? Anyone care to share?
Logged
Pages: [1] 2 3 ... 8   Go Up
« previous next »