Questions tagged [prosper]

Valeria Tue Sep 17 2024 | 7 answers 1648

I'm curious, why does Prosper, a peer-to-peer lending platform, require access to my bank account? Is it for security verification purposes, or are they going to be making direct deposits and withdrawals? I understand that this information is necessary for the lending process, but I want to ensure that my financial information is secure and not being used for any unauthorized activities. Could you elaborate on the specifics of why Prosper needs access to my bank account and what steps they take to ensure my data's safety?

ZenBalance Mon Sep 16 2024 | 6 answers 1666

How does Prosper, a peer-to-peer lending platform, go about verifying the income of borrowers seeking loans? I'm curious about the specific steps they take to ensure that the income figures provided by applicants are accurate and reliable. Does Prosper rely solely on self-reported income or do they conduct further checks, such as requesting tax returns or pay stubs? And how does this process help protect lenders from the risk of borrowers defaulting on their loans due to inability to repay?

Giulia Mon Sep 16 2024 | 5 answers 1096

I'm curious to understand how Prosper, as a peer-to-peer lending platform, generates revenue. Do they charge fees to borrowers or lenders, or both? Are there any other sources of income for Prosper, such as interest on loans or management fees? I'm interested in how this business model works and how it enables Prosper to sustainably operate in the competitive world of finance and cryptocurrency.

Bianca Mon Sep 16 2024 | 6 answers 1072

I've been doing some research on online lending platforms and I came across Prosper. It seems like a promising option for borrowers looking for personal loans, but I'm not sure if it's a legitimate site or not. Can you tell me more about Prosper? Is it a SAFE and reliable platform to use for personal loans? I'd like to know if there are any potential risks or drawbacks to using their services before I decide to apply for a loan through them.

Valentina Mon Sep 16 2024 | 6 answers 1639

Hello there, I'm curious about Prosper debt consolidation and its requirements. Could you please enlighten me on what the minimum credit score is that Prosper requires for someone to be eligible for their debt consolidation program? It would be greatly appreciated if you could provide some insight into this matter.