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What collection agencies does Prosper use?
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  • For the latest collection rates for each company visit the Prosper collections page.

Penncro Associates, Inc.

http://www.penncro.com/ Link opens in a new window

Penncro, one of the largest and most diversified outsource providers in the accounts receivable industry, was founded in October of 1982. Penncro services a variety of industries in the accounts receivables business, including Auto Finance, Banking, Telecommunications, Utilities, Retail, and Mortgages. We provide outsourcing services for early out, pre charge-off collections as a first or third party. We also provide recovery collection services at the primary and secondary levels. Our experience includes partnerships with some of the largest credit grantors in the world.

Fee for collection services:
15% of funds recovered in the first month*
Fee decreases by 30% each subsequent month. For example, 10.5% in second month, 7.35% in third month, etc.
Fee increases by 5% for any payment collected which brings borrower balance current.

NCI

http://www.ncirm.com/ Link opens in a new window

NCI is a global call center and receivables management company dedicated to helping clients maximize value through effective call center and collections strategy and execution. With 57 years of experience, strong management and over 1000 employees in multiple global locations, NCI has the strength to develop and execute sophisticated account management strategies for any client, anywhere. Today, NCI solutions increase productivity, reduce costs, and improve ROI for industry leaders in retailing, banking, consumer services, utilities, telecommunications, education and government.

Fee for collection services:
30% of funds recovered in the first month*
Fee decreases by 30% each subsequent month. For example, 21% in second month, 14.7% in third month, etc.
Fee increases by 5% for any payment collected which brings borrower balance current.

* Actual remittance may be lower due to recovery of Prosper borrower fees by collection agencies.


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