I have a loan account with prosper.com 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.