Valued Member
Posts: 28
Registered: ‎08-03-2012

Prosper Marketplace Account - Advice Needed!



I have a loan account with that was opened 7/2008. Due to personal circumstances I defaulted on the loan.
The account is reporting to Experian and Transunion as seriously past due and in internal collections.

The account is also accruing interest and the past due amount is now way over the original loan amount.


I have tried a PFD letter for the entire balance in which they replied no.


Should I keep trying a PFD or pay off the loan and then GW them to remove or update the status?


This account is ruining my score because the balance is way over the original amount.


Any help or advice would be appreciated!



myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+