Prosper has an A+ rating from the BBB, demonstrating its commitment to providing excellent customer service. Also, the company has received over 10,000 evaluations from satisfied customers, resulting in a 4.7-star rating on Trustpilot. Therefore, you can trust this company if it’s the best option for your loan needs!

Getting approved for a loan through Prosper Personal Loans is not hard. However, you’ll need a credit score of 640 minimum to have more chances of qualifying. So, it’s not a good loan option for those with not-so-good or low credit scores.

Soft pulls refer to credit inquiries that do not negatively influence a person’s score. Unlike hard inquiries, the kind triggered by shopping around for personal loan rates on Prosper will not lower your credit score. The next step in getting a loan through Prosper requires a hard inquiry to be made, which is done by accepting an offer and submitting a formal loan request.