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Why was my application denied? What factors are considered when denying an application?

We’re sorry to hear that you application was denied.  If the denial was due to a credit-based decision or information contained in your credit report you should have received an adverse action notice describing the reasons for the denial.  Our credit determination process relies on a proprietary algorithm based on certain criteria provided to us from TransUnion.  Alternatively, denial may have been based on your application not meeting the eligibility requirements for a loan through Prosper (examples include but are not limited to applying less than 120 days after a prior denial or applicant being less than 18 years of age).

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