Monday, November 26, 2007
Double Dagger
Today brings new hope to my late loan. The loan is showing the infamous double daggers. This is prospers way of telling lenders that they are attempting another pull from the borrowers bank account. This process can take up to 4 days to find out the results. The double daggers will change to a single dagger if payment is in transit. If the payment is unsuccessful prosper will follow up with phone calls and emails to the borrower. The borrower on this loan has A credit grade and has not missed a payment yet so I am hopeful that the late status of the loan is just a banking issue rather than the beginning of default status.
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