topic Re: Who does Prosper pull? in General Credit Topics

Who does Prosper pull?

Anonymous — Mon, 03 Mar 2008 07:52:00 GMT

Any one know who Prosper pulls? Am considering a loan with them and wondering due to number of inquiries on my reeports. Tu has the fewest inq's at 6 but 4 are from Jan and one from Dec.

Message Edited by cowpaddi on 03-02-2008 11:52 PM

Re: Who does Prosper pull?

Anonymous — Mon, 03 Mar 2008 08:06:13 GMT

A Prosper credit grade is a letter grade that Prosper assigns you based on your credit score, for use solely in the Prosper marketplace. Prosper obtains your Experian Scorex PLUSSM credit score from your credit report, and assigns one of seven credit grades.

http://www.prosper.com/help/topics/borrower-credit_grades.aspx

When you create a listing on Prosper, Prosper will contact Experian, our credit reporting partner, and retrieve your credit score and report. If your most recent credit pull is more than 30 days old, Prosper will pull a fresh credit score and report from Experian.

http://www.prosper.com/policies/borrowers-credit_report_changes.aspx

Message Edited by sidewinder on 03-03-2008 12:06 AM

Re: Who does Prosper pull?

Anonymous — Mon, 03 Mar 2008 08:16:58 GMT

Great!!! I only have 12 inq's there.

Re: Who does Prosper pull?

fishbjc — Mon, 03 Mar 2008 15:14:24 GMT

Just remember....it reports as a FINANCE loan.

Re: Who does Prosper pull?

fused — Mon, 03 Mar 2008 21:25:26 GMT

I do know for a fact that Propser will only pull EX when you list your loan. 12 inqs will make a lot of lenders very nervous. Currently, Propser reports loans to EX and TU only. In the future, they will be reporting to EQ as well.

Re: Who does Prosper pull?

Nectarine — Tue, 04 Mar 2008 00:38:56 GMT

@fishbjc wrote:
Just remember....it reports as a FINANCE loan.

Is that a bad thing? Or is it just because it doesn't give as much of a boost to your credit score as a credit card?

~Griffin

Re: Who does Prosper pull?

Anonymous — Tue, 04 Mar 2008 00:46:33 GMT

For the record, Prosper will do a soft inquiry when you create your borrower account and then again when you post a new loan request. They do NOT pull a hard inquiry until your loan has been FUNDED and ACCEPTED. If your loan request fails, you will not see a hard pull. I just had this happen.

Re: Who does Prosper pull?

fused — Tue, 04 Mar 2008 01:04:30 GMT

orhippychic wrote:

For the record, Prosper will do a soft inquiry when you create your borrower account and then again when you post a new loan request. They do NOT pull a hard inquiry until your loan has been FUNDED and ACCEPTED. If your loan request fails, you will not see a hard pull. I just had this happen.

Yup! I should have spent more time explaining this just as you have.