ZopaLender1

Hi,

Can anyone help me understand what is happening with chasing the bad debt of one of my borrowers - the last payment made by the borrower was in January 2010 although the borrower defaulted a few times before this last payment.

Here are the most recent comments on MLB:
[07/02/11]Claim issued to County Court
[11/01/11]Letter before action sent to borrower
[21/12/2010]Account has now been assigned to P2PS Limited
[19/11/2010]Assignment to P2PS is due to take place on 16/12/2010
[20/09/2010]Option to assign debt to P2PS will take place around 18/10/2010
[17/09/2010] Borrower is now in default
[01/09/2010] Borrower has been notified of missed payment.
[01/09/10]A Notice of Default has been issued and the borrower will be "In Default" if no response is received within 14 days
[16/08/10] Zopa is reviewing the case with CRS to decide on further course of action. [01/08/2010] Borrower has been notified of missed payment.
[01/07/2010] Borrower has been notified of missed payment.
[14/06/10] A notice of Arrears has been issued to the borrower.
[01/06/2010] Borrower has been notified of missed payment

So, what happens next from here?

Thanks,

Hi,

I have a lender who has failed to make payment a total of 9 times since May 2008. Every payment this year except January's has failed.
Are Zopa supposed to contact the lenders to advise after x failed payments and at what point does Zopa contact lenders to advise about a collection agency being called in?

I have personally only lent a very small amount to the person, however the total loan arrears from this person is over £2,300.

Thanks,