I was just reading the official forum for the 1st time in a while… There was an interesting note about the debt sale… Apparently, it was just concluded…
A few of our members have been asking about debt sales. The timing is driven by the accumulation of a large enough number of accounts that results in buyers being interested in doing a transaction. We have recently concluded bidding on a package of Prosper loans and are in the process of negotiating terms of the Purchase Sale Agreement with the winning bidder. We are looking to execute the sale as soon as possible.
https://connect.prosper.com/t/1089.aspx
Related posts:
- Pensioner Debt Sale Results for August 07 Sale Pensioner (the former #1 lender on Prosper by amount loaned) has once again been generous in sharing his default debt sale results… CreditGrade: B Homeowner:...
- Another Default Debt Sale Prosper completed another debt sale… The details are not yet on the Default Sale History page; however, Prosper Shira did make an announcement on the...
- Prosper Delinquent Debt Sale In Progress Yesterday Prosper began a delinquent debt sale. This happens when loans are 4 months or more late and are sold to delinquent debt buyers… Loans...
- Pensioner Debt Sale Results Pensioner the former #1 lender on Prosper by amount invested (over $750K at peak) has been generous enough to share his debt sale results with RateLadder...
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2 comments ↓
Don’t you think this is the kind of thing that should be reported on the official Prosper blog?
As editor-in-chief perhaps you can help with that?
[...] If you’re new here, you may want to subscribe to my RSS feed or via email. Thanks for visiting!As I mentioned several days ago a debt sale is about to be completed. [...]
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