Prosper Loan Was A Smooth Process
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.
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High interst credit cards paid!!
I am saving about 17% interest going with Prosper. I had no end in sight with the credit cards. I have an end to the means now.
There are loans out there with no fee
I have this loan and the process of getting the loan was very easy, but after I got it I realized that I could have gotten a loan at TD bank for 8.9% for 2500-50,000 and there is no origination fee!!! NO FEE!! They took there was a $500 + fee with this loan!!!
Best loan site ever
I applied twice for a loan with prosper and I have to say how easy it was to get it . Low monthly payment with no hidden fees was great for me . I will be coming back to get another loan in the future.
Not Worth It
Very high interest. No hardship program if you loose your job. No re-finance options.
It's supposed to be a soloution for those with economic hardship. I found it placed us in a situation that was more difficult to get out of than medical debt.
Penalized for Extra Payments
I paid extra during March 2017. I was way ahead on my payments. Then Prosper did not take the auto withdrawal for April 2017. Then they reported me to the Credit Bureaus as being late. Cost me 85-115 points on my credit score.
Was an easy process.
I actually got a better rate that what is was offering me on Credit Karma!
Fast and easy
The apllication and approval was fast and I received my money in a week.
Debt consolidation/ auto repair
Great service super fast , I went to wellsfargo and applied for the same amount and was denied came hhoome and tried here and next morning I woke up to an email saying funds will be available in 3 days. Don't try anythi by else for loans 10,000 or less
Save me some money
The process it's the way they describe it.
easy, no impact just for getting the amount info you qualified for.
although it took about 2 weeks on getting the money in the bank, I really recommend this service.
Easy loan to get
Applied with Sofi but ended up getting better rates thru Prosper.