Lend Academy Network Forum

Prosper Discussion => Investors - P => Topic started by: SeattleSun on July 25, 2013, 12:20:06 PM

Title: Can You Unwind a Prosper Loan before it is fully funded?
Post by: SeattleSun on July 25, 2013, 12:20:06 PM

Is possible on the web site to unwind a Prosper loan before it fully funds and is originated?

Example:  My usual loan is $100 and today I "double pumped" one due to a distraction and ended up with $200 on that particular loan.

Yea really not a big mistake but the other day I had typed in $1000 instead of $100 but caught it before I 'confirmed'.  That type of mistake I would like to "unwind" for sure.
Title: Re: Can You Unwind a Prosper Loan before it is fully funded?
Post by: Randawl on July 26, 2013, 01:27:08 AM
Nope, I do not think that is possible.  Well, technically it is possible.  I just don't think it's possible for you and me, however.     ::)
Title: Re: Can You Unwind a Prosper Loan before it is fully funded?
Post by: Xenon481 on July 26, 2013, 02:31:12 PM
This has been done several times when one of Prosper's C level employees (now former) (username Anton) made bids he wanted to take back, but has not been done for normal people.
Title: Re: Can You Unwind a Prosper Loan before it is fully funded?
Post by: SeattleSun on July 26, 2013, 04:16:37 PM


Prosper's reply to my e-mail:  "It is not possible to ‘unwind’ an incorrect bid on a loan. I’m glad you caught the $1,000 bid! The majority of investors use the Quick Invest tool so this issue is largely avoided. If manually selecting loans, be very careful."
Title: Re: Can You Unwind a Prosper Loan before it is fully funded?
Post by: neals384 on July 29, 2013, 02:47:47 AM
Huh.  I have done a double by mistake and the Prosper platform comes back with an error message.  It doesn't let the second invest go thru.  Maybe that feature is now broken.