CryptoMagician
Mon Sep 16 2024
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5 answers
892
How often does Prosper increase credit limit?
I'm curious to know how often Prosper reviews and potentially increases credit limits for its borrowers. Do they have a set schedule for these evaluations, such as once a year or every six months? Or does it depend on individual borrower performance and other factors? It would be great to get a clearer understanding of how Prosper manages credit limits to ensure that borrowers have access to the capital they need while also mitigating risk for investors.
CryptoProphet
Mon Sep 16 2024
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5 answers
774
How often does Prosper increase credit limits?
I'm curious about how often Prosper, a popular peer-to-peer lending platform, increases credit limits for its borrowers. As someone interested in investing or borrowing on the platform, it's important to understand the factors that can influence credit limit adjustments and how frequently they occur. Does Prosper have a set schedule for reviewing and potentially increasing credit limits, or is it a more fluid process based on individual borrower performance and other factors? Understanding this can help borrowers manage their finances and investors make informed decisions about their investments.
