Prosper Reviews

Prosper was great up until a few months ago. I renewed my military SCRA on my account to lower my interest rate. Submitted the documents requested and now Prosper is saying they are having system issues with lowering my interest rate and are charging me the higher rate completely disregarding the military SCRA law. I have reached out to them several times about the status of my request and they continue to say they are having issues and continue to take my payment at the higher interest rate! I will not be using them again!!!!

I applied a for a 3000 dollar loan thru them and was told I was approved. They then told me to verify my bank account and they would send “ verification money” to make sure my account was good and active. Come to find out they went in my account and disputed several payments to Verizon from months past and my phone was cut off and I had to borrow money from my dad to pay back. I had to also switch banks since I was $1500 negative. No response whatsoever from these people since. I am trying to figure out how to sue these people.

Prosper has the most incompetent employees I have ever dealt with. They can't schedule auto pay nor take your bank info to run a payment without making a mistake. When you ask for a manager they make you wait for over an hour then say they are busy. As soon as I pay them off the card gets canceled. Be careful with them.

They are predatory lenders, the interest they charge should be illegal. They will not give you a statement that shows your balance. DO NOT USE THEM!!! SCAMMERS at best! I should have done my research before using them. Do not let Credit Karma sway you with these loans.

Prosper is not a lender, it's a marketplace broker that shops your application around for private investors to grant you a loan. Website advertises up to 2 business days time to receive funding after approval. It's been 3 business days and Prosper representatives says it take up to 5 business days to be fully approved and up to 14 business days after that to actually receive the funds. No guarantee as they again, ARE NOT A LENDER.

Prosper is a very disgusting and shady lender!! They lied about the interest rate and they processed a loan I did not give them permission! I was only looking around. I made ALL my payments on time and even paid the loan early. They dinged my credit score 1st lying and said since they sent me an offer it wouldn’t be a hard inquiry and it was! Then they refused to help when you call because no one speaks English and hang up on you! They reported my loan as “closed” instead of paid off and it dinged my credit score -13 points because they wouldn’t fix it, very poor customer service and bad business!

This place is beautiful, exceptionally professional, and does great services. I am looking forward to receiving all services that they provide at this place of business. When I went to consult the consultation representative was super nice and sweet and thoroughly went over all the details for me. I’m very appreciative for the help and I looking forward to work with them regarding all of my body goes. I am exceptionally happy I found them.!!

I currently have a loan with Prosper and have had 4 others in the past. The same bank account was used on all loans. I applied for a second loan and was made to do a bank verification over the phone which took well over an hour to complete. During the call, Prosper reached out to my bank and did a 3 way call to verify bank details. After completing the bank verification, the representative from Prosper started to provide my full social security number to the bank representative when I had to stop her. This is completely inappropriate to provide that number to a stranger without my consent and even the bank representative was shocked.

Like others on here, I was preapproved, mine was $8,000. My Credit Score WAS 815. For reasons known only to scammers like Prosper, they hard-pulled my credit THREE TIMES. No, they were not given permission. Said I was approved, "Just sign these loan docs, here's your rate, amount financed, oh wait, it MUST be paid from your personal bank account, so you have to supply us with that. Don't worry, we'll deposit the funds in that account." Sounds legit. Input my personal banking. I've got everyone on here beat! Not 2 minutes, but 5 seconds later! Email came thru, they couldn't verify who I was or where I work or some other made-up **. On a Sunday. I worked as a Fraud Analyst for MC, Visa, Discover - there is absolutely NO WAY for the system to verify, all by itself, anything about you, such as your employer or income, in 5 seconds! Not even 5 minutes.

After spending over three hours going through technical glitches in the application process for a personal loan which I was preapproved for, I just got denied! I know I stated in in the preapproval process I had fair credit and I think I got denied because my score was below 640. Lucky I don't need their money but beware!!! You may not have a good chance even you're preapproved. I don't need their 35% APR so Prosper did me a favor actually. Strange with a good income and no late payments in 4 years or so. Just save money instead of trying to get a loan from sharks. Lesson learned.