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| How is a credit grade different from a credit score or credit rating? |
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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 PLUS™ credit score from your
credit report, and assigns one of eight credit grades.
Here is a table that shows the equivalent credit scores for Prosper credit grades:
Your credit grade is posted with your loan listing to help lenders
plan their bids appropriately. Your numerical credit score is never
displayed or disclosed to anyone.
Note: Having Prosper obtain your credit grade won't affect
your credit score! Although we are making a request for your credit
score, we're doing so at your instruction so no inquiries viewable by
subsequent users of your credit report will be placed in your credit
file. That means your credit score won't be affected when you register
or post a listing. Only if you obtain a loan through Prosper will an
inquiry that others can see be placed in your credit file.
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