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Author Topic: Collections Test- Blog part 3  (Read 21261 times)

ira01

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Re: Collections Test- Blog part 3
« Reply #45 on: February 10, 2010, 01:48:56 am »

Quote
The Results From the Legal Collections Test

11/3/09 posted by Doug Fuller    

* * * *
Creating an effective legal strategy is a critical component of collection efforts in unsecured lending. Given the environment and the uniqueness of the Prosper structure, developing the optimal strategy is going to take work. The reason for testing is to learn while minimizing the economic impact. Although the results of this test were not what we hoped, we will continue to learn from it and from additional tests that we undertake in the future. This is a work in process.

So, Doug, how's that working out, now that it has been another 3 months plus? 
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