I guess they could also try a new collection agency. That has worked so well with Amsher. Could someone please tell me why Prosper does not reverify the information of a borrower when a first payment default occurs? Any time that occurs with a mortgage loan it happens.
In JW's failed blog (John Witchel, CTO of Prosper), he indicated these ideas are all subject to the available resources. He said there ARE no resources, it is a shoestring budget, the company isn't making money and loan originations need to be something like four TIMES what they are now to even see the light of day, let alone make a profit. So, we should just sit and wait to see what happens. Oh wait, we can't sit, no couch.
