Questions tagged [prosper]

Lucia Wed Sep 18 2024 | 7 answers 1363

Excuse me, could you please clarify the question about Prosper's credit offerings? Are you asking about the credit limits Prosper offers to borrowers or the credit score requirements for loan approval? If you're inquiring about credit limits, Prosper sets individual credit limits for borrowers based on factors such as credit history, income, and debt-to-income ratio. There isn't a standard credit limit across all borrowers, as each case is evaluated individually. On the other hand, if you're asking about the credit score requirements, Prosper considers borrowers with credit scores ranging from 640 to 850. However, having a higher credit score can increase your chances of loan approval and potentially result in more favorable loan terms. Could you please specify which aspect of Prosper's credit offerings you're interested in, so I can provide a more accurate answer?

Emanuele Wed Sep 18 2024 | 6 answers 1347

I'm curious about the lending process on Prosper, specifically regarding the need for an appraisal. Does Prosper, as a peer-to-peer lending platform, mandate an appraisal for borrowers to secure a loan? I understand that traditional lending institutions often require appraisals to assess the value of collateral, but I'm wondering if this is also the case with Prosper. Could you clarify the appraisal requirements, if any, for borrowers seeking loans on this platform?

Claudio Wed Sep 18 2024 | 6 answers 1410

Hello there, I'm curious about Prosper's lending policies. I've heard that some lending platforms offer loans to individuals with less-than-stellar credit histories. So, my question is, does Prosper offer bad credit loans? If they do, what kind of terms and conditions can one expect with such loans? Additionally, what steps does Prosper take to ensure that borrowers with bad credit can still repay their loans responsibly? I'd appreciate any insights you might have on this matter.

Raffaele Wed Sep 18 2024 | 7 answers 1095

Could you please elaborate on the Prosper minimum credit score requirement? As a potential borrower, I'm curious to know what the minimum score is that Prosper requires in order to qualify for a loan. Additionally, I'm interested in understanding how this score affects the interest rate and loan amount I may be eligible for. Could you also provide any insights into how Prosper evaluates credit scores and what other factors they consider when making lending decisions?

Giulia Wed Sep 18 2024 | 8 answers 1656

Can you elaborate on the various fees that Prosper imposes on its users? Are there any upfront costs or ongoing charges that borrowers and lenders should be aware of? Additionally, are there any penalties for late payments or early withdrawals? It would be helpful to have a clear breakdown of these expenses to make an informed decision about using Prosper's platform.