The preliminary ratings assigned to SoFi Consumer Loan Program 2021-1 Trust's (SCLP 2021-1's) consumer loan asset-backed notes reflect our view of: The approximately 38.1%-38.3%, 31.8%-33.3%, and 24.5%-27.7% credit support available (including excess spread) in our 'AAA', 'AA', and 'A' break-even cash flow scenarios, respectively. The credit support reflects the maximum net loss rates that our 'AAA', 'AA', and 'A' break-even cash flow scenarios could withstand while still making interest payments on every distribution date and full principal payments by the legal maturity on the respectively rated class in accordance with the payment waterfall. These credit support levels provide coverage of at approximately 5.6x, 4.7x, and 3.6x our base-case net loss rate of approximately 6.9% in the 'AAA', 'AA', and 'A'