For me the Prosper loan reported to TU and EX but not until it was a little over a year old. And their reporting since has been very sporadic. About every 4 - 6 months I go into each bureau and dispute the balance as incorrect. They almost immediately update with the current balance. I would assume that if they are going to update regularly it would be shortly after your payment date.
As a side note - other than their sporadic reporting I have no complaints. It appears on my reports as an installment loan and with the FAKO sites I get no mention of consumer finance companies. I don't believe that is a FICO reason code so I wouldn't expect it from them.
Starting Score: 500's
Prosper will pre-qualify you for a loan and tell you what tier your credit score qualifies for (AA - D?). The interest rate on the loan is based on your credit tier. And it also displays on the funding page for investors to see. My scores when I got the Prosper loan were in the mid to upper 600's and at that time they qualified me as Tier AA. I don't know exactly what their tiers are but I believe on their site you can put in your info and they will give you a rate based on a soft pull. Of course there is a hard pull if you decide to actually apply.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO
