Create your Listing

To ensure the security of everyone on the site, you will be asked to provide personal information, including your Social Security number, so Prosper can check your identity and obtain your credit score. There is no fee to you for obtaining your credit score, and the inquiry will not affect your credit score.

Your loan listing will inspire lenders to bid on your loan. . Your listing communicates very important details to lenders about you and your loan, including the amount of the loan, and the purpose of the loan. Unlike other lending institutions, you determine the interest rate you're willing to pay and that interest rate may even get bid down.

Upload a picture of you and state why you want the loan. Write a short description about how you anticipate using the loan proceeds.

Another important consideration is the interest rate you set in your listing. The higher you set the interest rate, the more likely it is that lenders will want to bid on your listing and the greater chance there is of you having your interest rate bid down.

Next, if you haven't already done so, ask your friends and family to bid on your listing. If they bid, they will have an opportunity to leave an endorsement as well. Listings with bids and endorsements from friends are more likely to be funded.

Tips for a successful listing