After reading the reviews on CK, I was a bit apprehensive. It appears to be a love/hate feeling toward Prosper, but with some credit card debt at a high APR, I decided to submit my application.
Ultimately, I was approved for $20,000.00 @ 11.39%. Much lower APR than what was on some of my cards.
I started the process on Jan 3.
Submitting the required docs was easy. I just uploaded pdf's for the W-2, bank account and utility bill.
I was approved for funding on Jan 7. The funds were in my bank account on Jan 10.
Some of my details:
- FICO = 721
- DTI = 24%
- Prosper Rating = A
So far, so good. And really happy to have a game plan to get out of debt and not to continue to pay the high APR on the cards.