How to Apply for a Peerform Loan To apply, you’d have to register on their platform by providing your name, birth date, and address. Apart from that info, you’d also have to provide information about the total amount you need to borrow and specify your income.
How do you become a Peerform member
Register. The simple online registration process usually only takes a few minutes.
Choose a loan. After verifying your borrower and financial profile, you may be offered a variety of loan consolidation alternatives.
Register your consolidation loan.
Check your information.
What credit score do you need for Peerform
Peerform requires those with a mortgage to have a credit score of 550 or higher and a debt-to-income ratio of 40%. Borrowers must have no current debt or recent bankruptcy and must have at least available revolving credit in Myspace Poker chips.
Can I be a peer to peer lender
The Investor Peer Lending Site is a web platform where borrowers and lenders meet to make loans. Along with other keywords and phrases, this is a community of other people who want to lend their finances without going to banks or credit card companies or any other form associated with financial institutions.
How much can you borrow with peer to peer lending
Loan amounts range from $1,000 to $40,000 and financing terms are 36 months and 60 months. Certain quantities and word of mouth information may not be available in some states. The effective annual interest rate successfully ranges from 7.04% to 35.89% and depends on the type of temporary application.
Is Peerform available in all states
Error. It cannot serve all states. Is Peerform equal to truly be the equal lender in the market, lending to both small businesses and your own borrowers, providing consumers with a variety of options to request options that can be tailored to their needs.
Does Peerform use FICO scores to determine eligibility
Its loan eligibility algorithm focuses on a variety of factors, including but not limited to FICO scores. On January 11, Peerform raised $1.3 in its million angel funding round.
Does Peerform report to credit bureaus
Soft money check for prequalification: Like many e-commerce lenders, Peerform allows borrowers who can prequalify to see their potential interest rate and loan amount without affecting their Mastercard. Single Institution Reporting: Peerform only reports TransUnion loan payments to TransUnion, while many of its competitors report to three major credit bureaus.