How can we help?

Popular Keyword Searches: Payment, Payoff, Documents, Credit, Application, Returns, Performance, Risk, Investing


Can I pay by check?

You can pay by check, but this option is not recommended. Payments are applied on the date received and not the date the check is placed in the mail. Due to mail transit times, quite a few days can pass between the time the check is placed in the mail and when it is received and applied to your account. In order to be considered current, all payments need to be received by Prosper on or before the payment due date. In addition, as interest accrues daily, any payoff payments sent by check risk falling short of the total payoff amount.

If you need to submit a check by mail, here’s what you need to do:

  • If you are trying to payoff your balance, sign in to your Prosper account and select the date to pay off your balance. This is different from the daily balance and is date specific. For any questions you can contact customer service.
  • For all payments, include the loan ID in the memo section of the check (required). If the check is coming from a third party, please also include the name of the loan holder in the memo.


Send payments to the address below:

Prosper Marketplace Inc.

P.O. Box 396081

San Francisco, CA 94139–6081

Was this article helpful?