About
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:81240/AH In the Matter of the unlicensed activity of Prosper Marketplace,lnc.
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On March 24, 2024, Prosper Marketplace, Inc. entered into a consent order (81240/AH) brought against the business by the commissioner of the state of Minnesota Department of Commerce.
According to the consent order, the Commissioner of Commerce imposed a civil penalty of $30,000 dollars to be paid to the State of Minnesota as a judgement against the company. The attorney general alleged the business engaged in unlicensed debt collection activities violating Minnesota law Minn. Stat § 45.027 (2022).
The business voluntarily agreed to obtain the appropriate licensing to conduct business in the state of Minnesota and to cease and desist from violating any laws, rules or orders imposed by the Commissioner and pay for the investigation costs.
Overview
BBB Accredited Since: 11/30/2012
Years in Business: 20
BBB Accreditation & Rating
About This Business
Prosper.com offers a peer to peer lending platform for direct customer loans through a person to person market place.
Products and Services
Debt Consolidation Loans
Home Improvement Loan
Short Term & Bridge Loans
Auto & Vehicle Loans
Small Business Loans
Baby & Adoption Loans
Engagement Ring Financing
Wedding Loans
Friends & Family LoansGreen Loans
Military Loans
Photos and Videos
Business Details
- BBB File Opened:
- 8/30/2006
- Business Started:
- 3/22/2005
- Business Started Locally:
- 3/22/2005
- Business Incorporated:
- 4/14/2005
- Type of Entity:
- Corporation
- Alternate Names:
- Prosper Funding LLC
- Coastalcommprosper/Prosper Card
- Prosper Marketplace, Inc.
- Prosper MarketPlace
- Prosper Funding
- Myprospercash.com
- Business Management:
- Ms. Vivien Geisler-Fern, Complaint Handler
- Number of Employees:
- 439
Additional Contact Information
- Customer Contacts
- Ms. Samantha Enriquez, Complaint Contact
- Fax numbers
- Primary Fax: (415) 869-2877
- Additional Phone Numbers
- Other Phone: (877) 611-8801
- Other Phone: (866) 213-6663
- Other Phone: (866) 615-6319
- Other Phone: (877) 646-5922
- Additional Email Addresses
- Sales: Email this Business
Licensing information
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB records show a license number of 6053227 for this business, issued by Department of Business Oversight. The expiration date of this license is 12/31/2025.
Department of Business Oversight
1515 K Street, Suite 200
Sacramento CA 95814
BBB records show a license number of 111973 for this business, issued by Nationwide Mortgage Licensing System/NMLS. The expiration date of this license is 1/31/2026.
Nationwide Mortgage Licensing System/NMLS
1129 20th Street, N.W., 9th Floor
Washington DC 20036
Additional Information
- Other Resources
- California Department of Financial Protection and Innovation
2101 Arena Boulevard
Sacramento CA 95834
Phone Number: (866) 275-2677
https://dfpi.ca.gov/
[email protected] - Commodity Futures Trading Com.
Lafayette Center,1155-21st St. N.W.
Washington DC 20581
Phone Number: (202) 418-5080
http://www.cftc.gov - Nationwide Mortgage Licensing System/NMLS
1129 20th Street, N.W., 9th Floor
Washington DC 20036
Phone Number: 1-855-665-7123
http://mortgage.nationwidelicensingsystem.org/Pages/default.aspx - Business Categories
- Loans, Financial Services
Industry Tip
More Resources
Featured Content
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.