Credit Limit, Financial Literacy and Underserved

Prosper Extends Credit to 200K Near-Prime Clients with FICO Scores

FICO

MAY 19, 2023

Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores. As of March 2023, Prosper has effectively managed credit limit changes for over 25,000 customers, with over 70 percent of them receiving credit limit increases.

Financial Inclusion

Financial Inclusion Credit Limit Financial Literacy Credit Risk

How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

SEPTEMBER 15, 2017

percent – for a credit card than the national average, but according to The PEW Charitable Trusts, is a fraction of the payday lending rate, which is around 400%. Credit limits range from $300 to $1,000 based on credit score, and a year of timely payments and responsible behavior allow customers to double the limits.

Financial Inclusion

Financial Inclusion FinTech Credit Cards Caps

Payments Space

Prosper Extends Credit to 200K Near-Prime Clients with FICO Scores

How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

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