Lend Academy Network Forum

Prosper Discussion => Investors - P => Topic started by: SeattleSun on July 27, 2013, 08:20:15 PM

Title: Are all Prosper Loans "automatic drafts" for the borrower?
Post by: SeattleSun on July 27, 2013, 08:20:15 PM

I have assumed that Prosper requires "automatic drafts" for their borrowers, is that correct?  TIA
Title: Re: Are all Prosper Loans "automatic drafts" for the borrower?
Post by: priuspilot on July 28, 2013, 10:44:27 AM
Not entirely sure but I believe it is the default method of payment, and if not then highly encouraged or incentivized.
Title: Re: Are all Prosper Loans "automatic drafts" for the borrower?
Post by: clostrom on July 31, 2013, 12:25:17 AM

I have assumed that Prosper requires "automatic drafts" for their borrowers, is that correct?  TIA

I don't know, many of mine switch to "manual".