Questions tagged [prosper]

Tommaso Wed Sep 18 2024 | 6 answers 1474

I'm curious to know if there's a specific credit score threshold that Prosper requires for borrowers to qualify for a loan. I understand that creditworthiness is a key factor in determining eligibility, but I'm wondering if there's a hard and fast rule when it comes to credit scores. Could you clarify if Prosper has a minimum credit score requirement, and if so, what that number might be? Additionally, I'm interested in understanding how Prosper evaluates creditworthiness beyond just credit scores, as I'm sure there are other factors at play.

JejuSunshineSoul Wed Sep 18 2024 | 5 answers 1326

I'm curious about the interest rates that Prosper imposes on borrowers. Could you elaborate on the specifics of their charging structure? Do they have fixed or variable rates? Are there any hidden fees or penalties that borrowers should be aware of? Additionally, how does Prosper's interest rates compare to other peer-to-peer lending platforms in the market? It would be insightful to know the factors that determine an individual's interest rate and how Prosper assesses creditworthiness.

alexander_clark_designer Wed Sep 18 2024 | 7 answers 1273

I've been hearing a lot about Prosper lately and I'm curious - can you really make money with it? I mean, I understand it's a peer-to-peer lending platform where people can borrow and lend money, but is it actually profitable for investors? Are there any risks involved? How does the process work, and how can I get started if I'm interested? I'd love to hear your thoughts on the matter and any advice you might have for someone considering investing in Prosper.

CryptoVisionary Wed Sep 18 2024 | 5 answers 1247

Are you wondering if it's possible to generate income through Prosper? Well, let's delve into the question. Prosper is a peer-to-peer lending platform that connects borrowers with investors looking to earn interest on their loans. The potential for earning money on Prosper lies in the interest rates charged to borrowers, which can vary depending on their creditworthiness. As an investor, you can choose to fund loans with varying risk levels, and the interest you earn is directly tied to the interest rate charged on those loans. However, it's important to note that investing in loans always carries a degree of risk, including the possibility of default. So, while it is possible to make money on Prosper, it's crucial to carefully assess the risks and potential returns before making any investment decisions.

KimchiQueenCharmingKiss Wed Sep 18 2024 | 0 answers 0

I'm curious, could you shed some light on the famous personalities that reside in Prosper? Are there any notable actors, musicians, or athletes who call Prosper their home? I'm genuinely intrigued to know which celebrities have chosen this place as their sanctuary, and I'm eager to learn more about their connection to the community. Do they contribute to local charities or events, or do they simply enjoy the peace and quiet that Prosper offers? It would be fascinating to uncover the stories behind these high-profile residents and their decision to settle in this charming locale.