Author Topic: Prosper 1.0 Settlement Check  (Read 2526 times)

jpildis

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Prosper 1.0 Settlement Check
« on: August 19, 2014, 11:11:21 AM »
I just received my Prosper 1.0 class-action settlement check and it's pretty underwhelming... $89.  This is 20% of the total settlement that will be paid out over the next 4 years.  The 4 year settlement total ends up being about 3% of my Prosper 1.0 investment and about 18% of my charged-off capital.

Randawl

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Re: Prosper 1.0 Settlement Check
« Reply #1 on: August 19, 2014, 05:04:26 PM »
Interesting - I wonder what those percentages will be across other Prosper 1.0 investors.  I think it varies widely.

Xenon481

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Re: Prosper 1.0 Settlement Check
« Reply #2 on: August 19, 2014, 06:35:29 PM »
I received $39.47.

That is ~3% of my "Principal Charge-offs" of $1,320.95.

This payment is the first of 4 total payments to be made by Prosper and represents 20% of the total amount of payments.

From this, I can estimate that I will receive a total of $197.35 once Prosper has made all payments, which is ~15% of my "Principal Charge-offs".
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Fred93

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Re: Prosper 1.0 Settlement Check
« Reply #3 on: August 19, 2014, 11:12:40 PM »
My check was very close to 2.5% of my chargeoffs. 

Therefore I expect the total to be about 12.5% of my chargeoffs.