What happens if I’ve been affected by a natural disaster?
Natural disasters, such as hurricanes, floods, or wildfires, can upend our lives. Prosper is committed to supporting our customers affected by these events.
We will need to learn as much as we can about the situation to determine which relief options, if any, are available. Generally, we base our relief zones on FEMA declared disaster areas.
If you’ve been affected by a recent natural disaster and need help with your monthly payment, please know it can take us a few days to review whether we can provide relief. To let us know you need assistance, we recommend you email your request directly to the appropriate address below:
- Personal Loans
- Prosper® Card
- Home Equity
Please contact the servicer of your home equity product directly to see if they offer any relief options:
If you prefer to speak with us over the phone, please don’t hesitate to give us a call.
- Personal Loans
I believe the FICO® Score displayed on my online account is wrong. How do I dispute this?
FICO® Scores are calculated from the credit data in your credit report. The FICO® Score provided on your online account is based on information from your TransUnion credit report and comes directly from TransUnion. To dispute information in your credit report, please contact the credit bureau directly:
TransUnion LLC Consumer Dispute Center
P.O. Box 2000
Chester, PA 19016
How do I opt out of viewing my FICO® Score?
To opt out of viewing your FICO® Score Display from your online account, log in to your online account and open your FICO® Score Display. You can opt out using the link near the bottom of the page. Remember that viewing your FICO® Score does not impact your credit rating. You can always [opt back in].
Why don’t I see my FICO® Score through my online account?
That depends – there could be a couple of reasons why you don’t see your FICO® Score Display in your online account.
- You may need to [opt in] to view your FICO® Score
- Your FICO® Score is only available on your account after your loan completes its first billing cycle
- You must have an active loan through Prosper to view your FICO® score
- You must be the primary borrower on your joint loan if you share one with a co-borrower. If you have a joint loan but do not see the ability to opt in to view your FICO® Score, then you are not the primary borrower.
- If your account has charged off or you have filed bankruptcy, your account has been opted-out of FICO® Score Display.
What will I see if I opt into using the FICO® Score Display?
While you have an active personal loan through Prosper and your account remains current, you will continue to access your monthly refreshed FICO® Score, along with:
- Factors impacting your score
- A history trendline of your score since you last opted-in to viewing your FICO® Score Display
How can I opt in to view my FICO® Score?
Only personal loan borrowers with active loans through Prosper [can view] their FICO© Score through their online account.
To opt in to your FICO® Score Display, log in to your Prosper account and select the FICO© Score option from the dropdown menu on the top right of the page.
You can [opt out] of viewing your FICO® Score Display at any time.
I'm having issues signing into Prosper's app. What's going on?
We’re sorry you’re having issues signing into our app.
There could be a couple of reasons you’re running into problems:
- You may need to reset your password
- We have multiple apps - make sure you’re attempting to sign into the one that’s associated with your product (Personal Loan, Investor, Credit Card)
- At this time, co-borrowers can’t sign into the Personal Loan app – we’re not set up for that yet!
If you’re still having trouble accessing one of our apps, please contact us for assistance.
Does Prosper have an app?
Yes! We actually have multiple apps:
Use the Prosper: Personal Loan App to apply for a personal loan in minutes with no impact to your credit score. Or, if you’re an existing user, then you can use the app to easily access your account and do any of the following:
- Schedule payments, enroll in AutoPay, and review payment history with ease
- Download payoff quotes directly to your mobile device
- Update personal information quickly and conveniently
Now you can manage your Prosper investment portfolio on the go, using the Prosper: Invest App.
- Set up, review, and adjust your target portfolio allocations using our Auto Invest tool
- Invest manually by browsing and selecting from individual loan listings
- Add cash to your Prosper investment account in one-time, weekly or monthly increments
- View details on each Note you’ve invested in, at a glance
- View your total gain/loss to date
- See how your investments have impacted the lives of borrowers across the country
- Keep tabs on how your portfolio is performing
Note that you must have an active Prosper investor account to use this app. You can setup your Prosper investor account on the web at www.prosper.com/invest.
The My Prosper Card App makes it easy for cardholders to track and manage their payments among other features that include:
- Access to a digital line of credit before receiving the physical card
- A simple way to review payments and easy-to-see available balance
- A streamlined way to review (and dispute) transactions, all within the app
You must have an active Prosper Card account to use this app.
We don’t yet have an app that supports HELOCs through Prosper. Stay tuned!
Frequently Asked Questions about FICO® Scores
What are FICO® Scores?
FICO® Scores are the most widely used credit scores. Each FICO® Score is a three-digit number calculated from the data on your credit reports at the three major consumer reporting agencies—Experian, TransUnion, and Equifax. Your FICO® Scores predict how likely you are to pay back a credit obligation as agreed. Lenders use FICO® Scores to help them quickly, consistently, and objectively evaluate potential borrowers’ credit risk.
Why are you providing FICO® Scores?
Nearly all lenders in the U.S. use FICO® Scores, as the industry standard for determining credit worthiness. Reviewing your FICO® Scores can help you learn how lenders view your credit risk and allow you to better understand your financial health.
What goes into FICO® Scores?
FICO® Scores are calculated from the credit data in your credit report. This data is grouped into five categories; the chart below shows the relative importance of each category.
1. 35% – Payment history. Whether you've paid past credit accounts on time
2. 30% – Amounts owed. The amount of credit and loans you are using
3. 15% – Length of credit history. How long you've had credit
4. 10% – New credit. Frequency of credit inquires and new account openings
5. 10% – Credit mix. The mix of your credit, retail accounts, installment loans, finance company accounts and mortgage loans
What are score factors?
Score factors are delivered with a consumer’s FICO® Score, these are the top areas that affected that consumer’s FICO® Scores. The order in which the score factors are listed is important. The first factor indicates the area that most affected the score, and the second factor is the next most significant influence. Addressing these factors can benefit the score.
Why is my FICO® Score different than other scores I’ve seen?
There are many different credit scores available to consumers and lenders. FICO® Scores are the credit scores used by most lenders, and different lenders may use different versions of FICO® Scores. In addition, FICO® Scores are based on credit file data from a consumer reporting agency, so differences in your credit files may create differences in your FICO® Scores.
Why do FICO® Scores fluctuate/change?
There are many reasons why a score may change. FICO® Scores are calculated each time they are requested, taking into consideration the information that is in your credit file from a consumer reporting agency at that time. So, as the information in your credit file at that CRA changes, FICO® Scores can also change. Review your key score factors, which explain what factors from your credit report most affected a score. Comparing key score factors from the two different time periods can help identify causes for a change in a FICO® Score. Keep in mind that certain events such as late payments or bankruptcy can lower FICO® Scores quickly.
Will receiving my FICO® Score impact my credit?
No. The FICO® Score we provide to you will not impact your credit.
How do I check my credit report for free?
You may get a free copy of your credit report from each of the three major consumer reporting agencies annually. To request a copy of your credit report, please visit: www.annualcreditreport.com. Please note that your free credit report will not include your FICO® Score. Because your FICO® Score is based on the information in your credit report, it is important to make sure that the credit report information is accurate.
How often will I receive my FICO® Score?
Program participants will receive their FICO® Score 8 updated on a monthly basis, when available.
Why is my FICO® Score not available?
· You are a new account holder and your FICO® Score is not yet available
· Your credit history is too new
· You are not the primary account holder
FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.
FICO® Score and associated educational content are provided solely for your own non-commercial personal educational review, use, and benefit.
Prosper and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. Prosper and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
2021 Fair Isaac Corporation. All rights reserved.
I uploaded my co-borrower's documents through my account. Is that okay?
Yes, that’s okay! We’ll re-assign those documents to your co-borrower’s account and it won’t affect your application’s review process.
Am I supposed to make the payments on the loan or is my co-borrower?
Both borrowers can make payments on your joint loan at any time. As long as either one of you makes your monthly payment on or before your due date, you’ll be in good standing!
If you don’t want to worry about scheduling payments, you can always turn on AutoPay. AutoPay connects to your bank account to make monthly payments for you so you don’t have to worry. Just sign in to your Prosper account and select Turn on AutoPay to enroll!
I’m listed as a co-borrower, but I didn’t accept this loan!
We’re very sorry to hear this. We take identity theft very seriously and want to assure you we thoroughly investigate each claim. Please give our Customer Service Team a call to formally file an identity theft claim as soon as possible.
Are there fees to enroll in AutoPay?
No, AutoPay is free!
What happens to AutoPay if I make a separate payment?
If you’re enrolled in AutoPay but you want to make a separate payment, here are a few things to consider:
- If you make a full monthly payment before your due date, AutoPay won’t process for that billing cycle.
- If you make a smaller payment that isn’t enough to pay the full amount due for the month, AutoPay will still process the full monthly amount due on your account. Unless you make separate payments to satisfy the full monthly bill before your due date, AutoPay will continue to process the full monthly payment amount on your due date.
- Interest accrues daily. If you’re looking to make a one-time, principal-only payment on your loan while enrolled in AutoPay, a simple way to do that would be to schedule the additional payment on the same day as your AutoPay payment.
- If you make a full monthly payment before your due date, AutoPay won’t process for that billing cycle.
How do I switch bank accounts if I’m using AutoPay?
It’s easy to switch your AutoPay payments from your current bank account to a new one. Simply sign in to your Prosper Account and visit ‘Settings’ to connect a new bank account. Once added, we’ll ask if you want to switch AutoPay to the new account.
If you want to switch between using two bank accounts that are already linked to your Prosper account, please give us a call and we'll be happy to help!
You can manage your AutoPay payments account in your My Prosper® Card app or on your online dashboard at www.prospercards.com. Simply go to "Manage Payment Accounts" and there you can add, edit, or remove accounts.
Can I pay more than just my monthly minimum payment when using AutoPay?
Yes, if you want to pay more than just your minimum monthly payment while using AutoPay, you can! Give us a call and we can add as much as you’d like on top of your monthly automatic payments.
Can I change my due date even if I'm past due?
No, your loan must be current in order to change the due date. If you’d like to talk about options for getting your account current, please give us a call.
Is there a fee to change my due date?
No, there is no fee to change your due date. That said, interest accrues daily and changing your due date may result in the accumulation of additional interest. You can pay this interest when you first change your due date or you can let it roll until the end of your loan term, at which time the full remaining balance on your account would be due.
How many times can I change my due date?
You should be able change your due date once every 365 days—provided your account remains in good standing (and therefore eligible).
I accidentally made my payment twice! What should I do?
If you unintentionally scheduled two payments this month, give us a call as soon as you can. We’ll find out if we’re able to cancel the extra payment before it processes. If we can’t, we’ll discuss your options.
I’m a co-borrower, how do I make a payment?
Whether you’re an individual borrower or a co-borrower, you can easily schedule a payment by signing in to your online Prosper account.
What if I know my payment will be denied by the bank?
If you know your payment will be denied by your bank, please give us a call as soon as you can.
I didn’t have to send in documents for my last loan. Why do I need to send them in now?
We’re glad to hear that you’re interested in another loan through Prosper! Each loan offer we provide is based on your credit profile and financial situation at the time of your application. Even if your personal or employment information hasn’t changed since your last loan, we may still need to request documents because each loan offer is unique.
Why do I need to send in documents to get my loan? Won’t this make the process take longer?
We ask for documents to verify the information you included on your application, but don’t worry! Our Verification Specialists can help with any questions you might have about the required documents. A good way to keep the process moving forward is to follow our upload tips to avoid any inconvenient technical problems.
I tried resetting my password, but the system said my date of birth was wrong. What’s going on?
If you run into trouble signing into your account or resetting your password, please give us a call and we’ll work with you to get it sorted.
How do I sign in without a password?
To sign in without a password, simply enter your email address into our Sign In page and press Next, check your inbox for a secure sign in email from us to you.
Note: If you remember your password after first forgetting it, that’s no problem. Simply select “Use your password instead” from the options on our Sign In page.
What is Prosper’s response to COVID-19?
COVID-19 is impacting all of us—as individuals and communities—in unprecedented ways. At Prosper, we are committed to assisting our customers through this uncertain time. We are actively monitoring the situation and hope to answer a few questions you may have below.
For additional information about COVID-19, get the latest updates from the Centers for Disease Control at cdc.gov or your local health department website.
As a reminder, you can access your account 24/7!
You can make payments, update your bank account details and more online at any time. Just log in to www.prosper.com to securely manage your account.
What if I experience financial hardship because of COVID-19?
If you’re impacted by COVID-19, Prosper may be able to help. We encourage you to contact us via phone or by sending us an email at email@example.com. As a reminder, late fees are only assessed 15 days after your payment due date.
What are you doing to protect your employees?
The health and well-being of our employees, their families, and our customers is very important to us. We’re taking precautions outlined by the Federal and State government to protect our employees, and we have strategies in place to support our operations and our customers moving forward, as well.
We understand that many of our customers are facing challenges because of this crisis. If you’ve been impacted by COVID-19, you can always call us or reach out to us by email at firstname.lastname@example.org. We’re doing everything we can to avoid disruptions to our customer support phone lines, but please be aware that you may experience longer call wait times than normal.
Borrower Services: 1-(800) 843-1662
Will borrowers be able to make payments at this time?
We are working with borrowers that have been impacted to help them through this difficult period. We continue to monitor the situation closely, and we have strategies in place to support our operations and our customers moving forward. We do not anticipate any servicing disruptions that would prevent Prosper from accepting borrower payments at this time.
What are you doing to help protect investor returns?
Over the last several years, we have been preparing for a potential downturn by focusing on tightening our credit model to help generate sustainable and attractive returns for our investors through economic cycles. We’ll continue to evaluate this situation and make additional changes as necessary.
How is Prosper working with borrowers facing hardship during this time?
COVID-19 is impacting us all in unprecedented ways, and many of you have asked how Prosper is helping borrowers during this time.
Prosper is offering borrowers that qualify certain relief options, including the ability to delay up to 4 monthly payments, the ability to reduce minimum monthly payments for up to 6 months and extend the term of the loan by up to 11 months, and waived late and non-sufficient funds fees. These options are designed to enable borrowers to navigate the uncertainty posed by COVID-19 over the upcoming months, and do not modify the material terms of the loan, including the amount due, the rate and accrual of interest, the term of the loan, and its final maturity date.
We recognize that the situation is rapidly evolving, and we continue to monitor events closely to ensure we are supporting all of our users during this time.
Will Prosper be able to continue regular collections activities on delinquent loans?
Individual State mandates may temporarily limit or restrict our ability to perform collections activities with respect to delinquent loans held by borrowers residing in that State.
At this time, Prosper has temporarily ceased or limited its collections activities in the following state(s) in response to applicable state rules and regulations: Washington, D.C.
Investor Services: 1-(877) 646-5922
How do I know Prosper is secure?
What You Can Do to Keep Your Account Safe
- Keep your password private – you should never reveal it to anyone, including our Customer Service specialists.
- Pick a strong password that is a mix of letters, numbers, and symbols. You may want to avoid including your date of birth in your password or using the same password you use to access other websites.
- Make sure your email address is secure. We’ll send important account messages to both your email and your Prosper Account, accessible by signing into your online account.
- Be aware of emails that seem suspicious or ask you to provide personal information. Watch out for fraudulent “phishing” emails and be careful of clicking unfamiliar hyperlinks, even if the email looks like it came from Prosper.
We’ll never ask that you give us your date of birth or tax ID number over email and we don’t ask you to send us gift cards or send us cash through a wire transfer service like Western Union.
- Sign out of your online account when you’re finished – especially if you’re using a public computer or public internet access. You should also clear your browser’s cache and cookies.
If you need to update any of your personal information or reset your password, visit your online account settings or give us a call.
Interest Paid on Personal Loans
We do not issue statements of interest for tax purposes. For more information see https://www.irs.gov/taxtopics/tc505. You should consult with a tax professional or the IRS for more information as Prosper is not able to provide tax advice.
What happens if my co-borrower withdraws our application? Can I apply again by myself?
If your co-borrower withdraws your joint loan application, you’ve still got options! You can re-apply right away with a different co-applicant or you can apply by yourself. Just keep in mind that if you were declined for an individual loan before applying with a co-applicant, then you’ll need to wait at least 30 days after the date you were declined before re-applying for an individual loan.