Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.3
(20 Ratings)

Prosper Account Review

Advertiser Disclosure

A Prosper personal account offers access to personal loans ranging from $2,000 to $50,000 with competitive APRs from 8.99% to 35.99% and flexible repayment terms of 2 to 5 years. Users can easily apply for loans, manage their accounts online, and get preapproved without affecting their credit scores. Additionally, Prosper provides investment opportunities, a user-friendly dashboard, robust security measures, and reliable customer support.

prosper account

Key Features

  • Loan Options. Access to personal loans ranging from $2,000 to $50,000.

  • Flexible Repayment Terms. Choose repayment terms between 2 to 5 years.

  • Easy Online Application. Apply for loans and manage your account online.

  • Preapproval. Get preapproved without affecting your credit score.

Step-by-step Registration

  1. Go To Prosper Website. Visit the Prosper website.

  2. Click Get Started. Click on the "Get Started" button located on the homepage.

  3. Choose Borrow Or Invest. Select whether you want to borrow money or invest by clicking on the relevant option.

  4. Enter Amount And Purpose. Input the amount of money you want to borrow or invest, and the purpose of your loan (if applicable).

  5. Enter Email And Create Password. Provide your email address and create a password for your account.

  6. Agree To Terms. Review and agree to Prosper's Terms of Use and Privacy Policy.

  7. Click Next. Click on the "Next" button.

  8. Enter Personal Information. Fill in your name, date of birth, and address.

  9. Provide Employment And Income Details. Input your employment status, income, and monthly housing payment.

  10. Provide Additional Financial Information. Supply additional information about your financial situation, including your bank account information (if borrowing) or your investment preferences (if investing).

  11. Agree To Electronic Communication. Review and agree to Prosper's Electronic Communication Agreement and Consent to Use Electronic Records.

  12. Submit Application. Click on the "Submit Application" button to complete your registration.

How to Log In?

  1. Go To Prosper Website. Visit the Prosper website.

  2. Click Log In. Click on the "Log In" button located in the top right corner of the page.

  3. Enter Email. Enter your email address in the space provided and click on the "Continue" button.

  4. Use Password Instead. Alternatively, click on the "Use your password instead" link located below the "Continue" button.

  5. Enter Email And Password. Enter the email address associated with your Prosper account and the password in the space provided.

  6. Click Continue. Click on the "Continue" button to log in.

How to Activate My Account?

  1. Go To Prosper Website. Visit the Prosper website.

  2. Click Log In. Click on the "Log In" button located in the top right corner of the page.

  3. Enter Email And Password. Enter the email address and password you used to create your Prosper account.

  4. Click Log In. Click on the "Log In" button.

  5. Activate Account. If your account is not yet activated, you will see a message prompting you to activate your account. Click on the "Activate your account" button.

  6. Follow Email Instructions. Prosper will send you an email with instructions on how to activate your account. Follow the instructions in the email to complete the activation process.

How to Delete My Account?

  1. Log In. Log into your Prosper account.

  2. Go To Settings. Click on your name in the top right corner of the page and select "Settings" from the dropdown menu.

  3. Close Account. Scroll down to the bottom of the page and click on the "Close Account" button.

  4. Select Reason. Choose a reason for closing your account from the dropdown menu.

  5. Confirm Request. Click on the "Close Account" button to confirm your request.

How to Reset My Password?

  1. Go To Prosper Website. Visit the Prosper website.

  2. Click Log In. Click on the "Log In" button located in the top right corner of the page.

  3. Use Password Instead. Click on the "Use your password instead?" link below the login field.

  4. Reset Password. Click on the "Reset password" link located below the login fields.

  5. Enter Email. Enter the email address associated with your Prosper account.

  6. Click Continue. Click on the "Continue" button.

  7. Follow Email Instructions. Prosper will send you an email with instructions on how to reset your password. Follow the instructions in the email to reset your password.

Editorial Opinion

Prosper personal accounts offer a practical solution for individuals seeking personal loans with a range of $2,000 to $50,000 and flexible repayment terms. The competitive APRs and the ability to get preapproved without impacting credit scores make it an attractive option for many. Additionally, the user-friendly online platform simplifies the application and account management process. However, the higher end of the APR range and the requirement for a credit score of 640 or higher might not suit everyone. Overall, Prosper provides a viable financial tool for those who meet its criteria and prefer an online experience.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional Resources

FAQ

Does using Prosper hurt your credit?

Getting pre-qualified with Prosper doesn't affect your credit score. If you find their offer suitable, you can proceed with the application. The lender will then run a hard credit check and decide whether to accept your funding request. A hard credit check lowers your score by some points.

Can you have multiple loans with Prosper?

Yes, you can obtain more than one loan at the same time. You need to meet credit criteria once more to qualify, and there is a limited total amount of personal loans of $50,000.

How do I contact Prosper?

There are several ways to contact Prosper:

  1. For personal loans, you can contact Prosper customer support at [email protected] or by phone at 1-866-615-6319 or 1-800-851-0630. For loan payments, send correspondence to Prosper Marketplace Inc., P.O. Box 886081, Los Angeles, CA 90088-6081.
  2. For credit card inquiries, you can contact Prosper Card Services at [email protected] or by phone at 1-800-903-4697. For regular mail correspondence, send to Prosper Card Services, P.O. Box 650078, Dallas, TX 75265-0078. For overnight mail correspondence, send to Attn: Lockbox 650078, 3000 Kellway Drive, STE 120, Carrollton, TX 75006.
  3. For home equity inquiries, you can contact Prosper at [email protected] or by phone at 1-800-954-2172.
  4. For investor services, you can contact Prosper at [email protected] or by phone at 1-877-646-5922.
  5. For general correspondence, you can contact Prosper at [email protected] or by mail at Prosper Funding LLC, 221 Main Street, STE 300, San Francisco, CA 94105.

Note that contact methods may vary depending on the nature of your inquiry, so it is best to check the Prosper website or contact the appropriate department for specific instructions.

Offers
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.28
(20 Ratings)
Recommended FinScore™
0
300
650
1000
2000.00 – 50000.00 $
Rate
i

Interest rate

8.99 – 35.99 %
Term
i

Loan term for the financial product

to 5 years
Similars products
Finanso
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
2000.00 – 100000.00 $
Rate
i

Interest rate

6.34 – 35.89 %
Term
i

Loan term for the financial product

2 months – 5 years
Apply
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.93
(20 Ratings)
Recommended FinScore™
0
300
650
1000
450.00 – 12000.00 $
Rate
i

Interest rate

27.50 – 81.29 %
Term
i

Loan term for the financial product

6 months – 3 years
Apply
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Prosper reviews 2025
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2.2
Cons
This is the worst credit card I've ever had. I had a pending charge lingering on my account for over a month, and despite sending them a screenshot of my online bill as proof, they claimed they couldn't see it. I called numerous times, and each time, they denied any knowledge of pending charges. Upon checking my account recently, there is no trace of the pending charge, only a balance due for the same amount, along with an added finance charge. I'm considering paying it off and closing the account. I plan to research further to identify the parent bank and file a complaint with the Better Business Bureau. Their service is so poor that I believe they deserve a rating lower than one star, or perhaps the option to leave no rating at all.
Complain
1.4
Cons
This company has been a terrible experience. They initially approved my loan and then abruptly canceled it, citing a fraud alert placed on my credit bureau. It's essential to clarify that this wasn't a credit freeze; it was merely an extended alert with my phone number for verification before extending credit.
Complain
4.6
Pros
The online application process was incredibly straightforward and uncomplicated. I believe that my prior history as a loyal customer, with a consistent record of on-time payments through direct debit, might have played a role in the ease of the process.
Complain
1.4
Cons
My transactions are repeatedly being declined without a clear explanation. They attribute it to fraud on my card, which is not accurate. This has occurred multiple times, including a two-hour shopping trip at Walmart that ended with an embarrassing rejection at the checkout.
Complain
4.8
Pros
The customer service at this place is outstanding. The staff is not only friendly but also highly professional throughout the entire process. They treat you with the utmost respect, making you feel like a part of their family. I wholeheartedly recommend this to anyone else.
Complain
4.6
Pros
The process was remarkably swift, uncomplicated, and dependable. Communication was outstanding, and I'm delighted that I chose to return as a customer.
Complain
1.8
Cons
My credit card balance is actually $541.00, not $1388.00, and I'm frustrated that they haven't updated it for the past five months. This ongoing issue is becoming increasingly tiresome.
Complain
4.6
Pros
I've applied for my third loan with Prosper, and I continue to be impressed with their smooth and speedy process. They required minimal documentation, and everything was completed in a matter of minutes. In my opinion, Prosper is the best!
Complain
4.6
Pros
The application process was straightforward. I utilized this service for my son's student loan, and we haven't encountered any issues throughout the entire duration of the loan.
Complain
5
Pros
The process turned out to be surprisingly easy and faster than anticipated. Being an existing customer, I found the entire experience to be exceptionally smooth and efficient.
Complain
Company rating
3.3
/ 5
20 reviews
Application
3.2
Support service
3.5
Mobile App
3.2
Service quality
3.3
Your satisfaction level
3.3
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