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Additionally, I don't think that LC or Prosper can afford to chase after fraudsters like the credit card companies can.
by Unklejoe 10y ago
Additionally, I don't think that LC or Prosper can afford to chase after fraudsters like the credit card companies can.
- kingnothing 10y agoLC does. I'm widely diversified on their automated system, but I have occasionally seen a credit for about 10% of a given loan that had been charged off, along with maybe 10% of that charged as a collections fee to me.