Since the Peerform platform is internet based, it does not involve the overhead costs associated with brick-and-mortar programs. These savings can be passed on to borrowers in a transparent way. Hidden fees or out-of-the-blue charges will never be part of the Peerform program.
In our efforts to better help people access the funds that they need; we understand that a FICO score alone is not the best measurement of risk. The all-encompassing approach to assessing a borrower is embodied in what we proudly call the Peerform Loan Analyzer. Developed in conjunction with leading economists, the Loan Analyzer represents a differentiated way to determine the creditworthiness of borrowers, enabling individuals with credit scores as low as 600 to secure funds.