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