New Prosper Collection Agency

There is a new collections agency option for Prosper (AmSher).  I just noticed that this collection agency was an option as a default collection agency.  I have switched my default collection agency to AmSher.

AmSher is a family business. The firm started in 1939 as a credit-clothing store, later expanded into the credit furniture business and, in 1986, evolved into the nationally ranked receivables management firm. AmSher is headquartered in Birmingham, Alabama with a second collections location in Tulsa. They are licensed to collect in all 50 states.

Fee for collection services:
17% of funds recovered

Here is a screen shot…

AmSher

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Categories:

Collections, Prosper.com



4 comments ↓
#1 Chrisfs on 01.25.08 at 11:41 am

Biggest problem with being the new collection agency, is that it takes hecka long for people to start choosing you in sufficient numbers to get loans coming your way

#2 Chrisfs on 01.25.08 at 5:29 pm

Just checked out new collection agency. They are charging 17% instead of 15% of the amount recovered and it doesn’t go down with the age of the loan as the other two do. So to me that’s a big disincentive to switch.

#3 RateLadder on 01.25.08 at 9:39 pm

The current collection agency does not work. That is a big disincentive to keep them… I think Prosper has added this agency with a reason and purpose, I am switching.

#4 » How to Switch to AmSher for Prosper Collections on 01.26.08 at 10:44 am

[...] A few days ago I noticed a new default collection agency being available: New Prosper Collection Agency… [...]

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