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Highest Echelon

A personal finance blog. Paying for my University, life and eventually achieving financial freedom.

Yet More Canceled Loans at Prosper

Friday, October 20, 2006

I get a batch of these every week.

You were a winning bidder on

Listing title: Honest student looking for a loan
Listing number: 121212
Listing created: Oct-11-2006 4:30 PM

However, while performing a pre-funding review, we were unable to verify certain information relating to the listing, and as a result we are unable to fund this listing. The listing has therefore been cancelled, and the funds in the amount of your bid have been returned to your Prosper account, available for further bidding.

We apologize for the inconvenience. Thank you for your understanding.

I still suspect that the borrower was not able to verify his or her checking account quickly enough.
posted by johnwilkx, 6:43 AM

1 Comments:

It seems that you can screen out loans that don't have verified bank accounts in the advanced search. I'm not sure it that would save you from all cancelled bids, but it seems like a good start.

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