Authorization to Obtain Credit Report at Registration
I authorize Prosper Funding LLC (“Prosper”), the banks that originate loans on the Prosper platform and their respective agents to obtain a credit report from one or more consumer credit reporting agencies. They may use the credit report for any purpose that would be authorized by applicable law in connection with a credit transaction involving me and involving the extension of credit to me or review or collection of my account, including but not limited to (i) for authentication purposes, to make sure I am who I say I am; (ii) to make prequalification and other credit decisions; (iii) for internal modeling and analysis purposes; (iv) to administer the sale of any Borrower Payment Dependent Notes (“Notes”) associated with my loan or the sale of my loan in its entirety; (v) to determine how much debt I currently have, in order to determine my debt-to-income ratio; (vi) to obtain my credit score and assign me a Prosper Rating based in part on that score; (vii) to obtain and display information and characteristics from my credit report from one or more consumer credit reporting agencies; and (viii) to obtain and display on the Folio Investing Note Trader platform certain information and characteristics from my credit report from one or more consumer credit reporting agencies at any time or times that a Note corresponding to my loan is offered for sale by investors holding such Notes. Information from my credit report will be displayed on the Prosper website with my listing. I authorize Prosper to verify information in my credit report and my listing, and I agree that Prosper and the banks that originate loans on the Prosper platform, as well as Prosper Marketplace, Inc. (in its capacity as their agent), may contact third parties without further notice to me to verify any such information. Prosper may obtain my credit report each time I create a listing and at any other time in Prosper’s sole discretion, including in connection with loan servicing or collection.