Privacy Policy — Your Prosper loan Marketplace Data Rights
Effective Date: January 1, 2025 | Last Updated: June 1, 2025 | Applies to: Prosper Loan
This Privacy Policy explains how ProsperLoansApp.com ("we," "us," or "our") collects, uses, discloses, and protects your personal information when you visit our website or submit a loan pre-qualification request. Please read this policy carefully.
1. Who We Are — The Prosper loan Marketplace Behind This Platform
ProsperLoansApp.com is an independent digital marketplace and lead generation platform — not a bank, direct lender, or depository institution. We operate as an intermediary matching service connecting consumers with third-party P2P lending partners. We are not affiliated with Prosper Marketplace, Inc.
2. Information We Collect
2.1 Information You Provide
- Name, email address, phone number, and physical address
- Loan amount requested, intended loan purpose, and desired repayment term
- Self-reported income, employment status, and housing status
- Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) when required for credit matching
- Date of birth, citizenship status, and government-issued ID information
2.2 Automatically Collected Information
- IP address, device type, browser type, and operating system
- Pages visited, time on site, referral source, and click-path data
- Cookies and similar tracking technologies (see Section 7)
3. How We Use Your Information
- Loan matching: Transmitting your profile to P2P lending partners for underwriting and offer generation
- Identity verification: Confirming eligibility per applicable federal and state requirements
- Communication: Sending pre-qualification results, follow-up offers, and service-related notifications
- Platform improvement: Analyzing aggregate usage data to improve matching accuracy
- Legal compliance: Meeting obligations under TILA, FTC regulations, CCPA, and applicable state law
4. Information Sharing & Disclosure
We may share your personal information with:
- Lending partners: P2P platform partners and institutional lenders in our network who may make loan offers
- Service providers: Technology vendors, hosting providers, and analytics services under data processing agreements
- Legal authorities: When required by law, court order, or regulatory request
- Business transfers: In connection with a merger, acquisition, or asset sale, subject to standard confidentiality protections
We do not sell your personal information to third-party advertisers.
5. California Privacy Rights (CCPA)
California residents have the right to: (a) know what personal information we collect and how it is used; (b) request deletion of personal information (subject to certain exceptions); (c) opt out of the "sale" of personal information (we do not sell PI as defined under CCPA); (d) non-discrimination for exercising privacy rights. To submit a request, email us at [email protected] or use our contact form.
6. Data Retention
We retain personal information for as long as necessary to fulfill the purposes described in this policy, typically 3–7 years, unless a longer retention period is required by law or for dispute resolution. Aggregated and anonymized data may be retained indefinitely.
7. Cookies & Tracking
We use essential cookies for platform functionality, analytics cookies (Google Analytics) for aggregate usage data, and marketing cookies for measuring pre-qualification campaign effectiveness. You may opt out of non-essential cookies via your browser settings or a cookie preference center. Opting out of analytics cookies does not affect your ability to use our platform.
8. Data Security
We implement industry-standard safeguards including 256-bit TLS encryption (HTTPS), access controls, and regular security assessments. However, no transmission or storage method is 100% secure. If a security incident affects your personal data, we will notify affected users as required by applicable law.
9. Children's Privacy
Our services are directed to adults aged 18 and older. We do not knowingly collect personal information from individuals under 18. If you believe we have inadvertently collected information from a minor, contact us immediately for prompt deletion.
10. Changes to This Policy
We may update this Privacy Policy periodically. Material changes will be communicated via a prominent notice on our website. Continued use of our platform after the effective date constitutes acceptance of the updated policy.
11. Contact for Privacy Matters
Privacy questions, CCPA requests, or data deletion requests: Contact form | Email: [email protected]
This policy was drafted by the ProsperLoansApp.com compliance team and reviewed by legal counsel. It is provided for informational purposes and does not constitute legal advice.