How to Read a Loan Listing
Click on the links below to see placement and explanation on the listing
Borrower's Credit Information
The information on this page not appearing in the prospectus is not part of the prospectus.
Loan Amount Requested: Loan amount requested by borrower.
Lender Yield: The borrower's interest rate less the lender servicing fee.
Prosper Rating: A proprietary rating developed by Prosper allowing you to analyze a listing's level of risk.
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Verification Stage: A three-stage indicator of the progress on the Prosper loan, based on Prosper’s verification of the borrower’s information and documents submitted that are key to evaluating the loan. The further along in verification, the higher the verification stage and the more likely the loan will originate.
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Estimated loss: Estimated principal loss on charge-offs.
Effective yield: Equal to the borrower interest rate: (i) minus the servicing fee rate, (ii) minus estimated uncollected interest on charge-offs, (iii) plus estimated collected late fees.
Partial funding: Borrowers can choose to partially fund their listing if it is at least 70% funded at the end of the listing period.
Prosper score: A custom risk score built using historical Prosper data. The score ranges from 1 to 10, with 10 being the best, or lowest risk score.
Recent credit score: The range of the borrower's credit score as provided by a consumer credit rating agency in a recent credit inquiry.
Now delinquent: The number of accounts of the borrower that are currently late. This includes accounts with charged-off balances.
Amount delinquent: "Amount delinquent" indicates the past due amounts owed by the borrower. This includes accounts included in Chapter 13 bankruptcies, but excludes all other bankruptcies. Charge-offs or other unpaid derogatory account balances are included, provided the related creditor grantor has reported an amount past due to the credit bureau. Please note that not all grantor's creditors will report an amount past due with a charge-off or derogatory late status.
Public records last 12m / 10y: The number of public records on the borrower's credit report. Public records include bankruptcies, liens and judgments.
Delinquencies in last 7y: The number of times the borrower has been more than 90 days late with a payment.
Inquiries last 6m: The number of times a bank or other business has requested the borrower's credit profile from a consumer credit rating agency.
First credit line: The date when the oldest account on the borrower's credit record was opened.
Current / open credit lines: The number of open or closed accounts in the borrower's name that the borrower is paying on time, and the total number of open accounts.
Total credit lines: The total number of credit lines appearing on the borrower's credit report.
Revolving credit balance: The total outstanding balance that the borrower owes on open credit cards or other revolving credit accounts.
Bankcard utilization: The sum of the balances owed on open bankcards divided by the sum of the cards' credit limits.
Homeownership: An indication whether the borrower has an outstanding mortgage on their credit report or has provided documentation supporting home ownership.
Debt/Income ratio: The sum of the borrower's monthly debt payments divided by the borrower's monthly income.
Stated income: The borrower's yearly income bracket, as provided by the borrower.
Prosper Activity: The Prosper activity area only appears when a borrower has previously received a loan through Prosper.
Loan History: All of the borrower's Prosper loans, including active and paid off loans. The principal borrowed includes all principal borrowed in active and paid off loans, and the principal balance is the principal (if any) remaining to be paid off.
Payment History: On-time and late payment periods paid to date. Extra payments the borrower made beyond those due do not appear.
Credit Score History: Credit scores for credit pulls used in listings. The dollar icon signifies a listing credit score range that resulted in a loan. The arrow icon describes the change of the most recent credit range used in a listing from the credit score range of the most recent loan (either an improvement, a drop or no change).
Description: An explanation of why the borrower needs the loan and how they plan to use it. It may include a monthly budget.