A loan listing contains several aspects:

• Your credit grade

  Your credit grade summarizes your credit situation.

• Additional credit information

  This contains detailed information, such as the number of current delinquencies.

• Your debt-to-income ratio

  This tells the lenders how much money you're spending on loan payments.

• The loan amount

  This is the amount you'd like to borrow.

• The interest rate

  This is the interest rate you're offering the lenders.

• The listing text

  This text describes why you're requesting the money and tells the lenders about you. This is your chance to tell the lenders what you want to say.

Although you cannot change your credit grade or additional credit information, you can change your listing text. Therefore it is important to write it carefully.

Advice on how to write the listing text

Also, you will need to choose a loan amount and starting interest rate. For this, your credit grade is very important. You can find out your credit grade by following these steps:

1. Go to the "borrow" tab.
2. Click on "create a listing now.
3. If prompted, add your account information, and continue.
4. Answer the questions to verify your identity, and continue.
5. Accept the borrower's agreement and authorize Prosper to do a credit inquiry (A "soft pull"), and continue.
6. You will see your credit grade. Write down the information, or make a printout. Also, write down the additional credit information (currently delinquent accounts, delinquencies in the last 7 years, public records, age of credit, credit lines, inquiries in the last 6 months)
7. Close the browser window.Do NOT continue to create a listing.

Once you have this information, be sure to read the borrowing advice for your credit grade:

Advice for AA/A/B credit

Advice for C/D credit

Advice for E/HR/NC credit