Prosper loans review<\/span><\/h2>\n\n\n\nProsper has proven to be one of the best online peer to peer marketplace, here are some sourced reviews to quantify them<\/p>\n\n\n\n
I’ve taken 3 loans from Prosper over the last 5 years and have had a perfect experience every time. The first time I was buying my first car and was not interested in buying from a dealership at inflated prices, and I was also afraid of the risk of losing my means of transport if I lost my job or something else happened (sorry, grew up in the hood and saw it happen constantly). I was willing to pay a premium to be able to pay cash in hand and buy whatever I wanted from a private seller. The next time I had credit card debt and wanted to refinance it and buy a new car after my first one flooded while I was at work. No hiccups. Perfect process.<\/p>\n\n\n\n
Prosper is a newer type of loan company called a peer-to-peer lender. Loans are funded by individual investors, as opposed to banks or other credit companies. Prosper itself does not actually fund any part of the loan. I found it to be a very simple process of filling out a very short form on a website, including how much money I wanted to borrow and how many months\/years I wanted to pay it back. Once you submit the form, it somehow looks at your credit “picture” without actually pulling a credit report, and therefore not leaving an inquiry on your credit report. Once you accept the loan and the loan terms, Prosper does pull an actual credit report that will show as an inquiry. If all looks good the loan is put out to the investors and the investors decide whether or not they want to invest enough to fund your loan. It only took about 1\/2 of a day and I received the communication from Prosper that my loan had been funded. A couple days later the loan proceeds were transferred directly to my checking account. I did not have to actually talk to anyone. All communication was done through email. They seriously could not make it any easier. It’s a great way to get money without all the intrusive stuff you have to go through with a bank or standard loan company. I would give Prosper a perfect 10 out of 10. To wrap it up, Prosper is a much simpler way to get a personal loan. A quick web form to initially apply; a quick decision that does not initially affect your credit; a quick turnaround for funding the loan and dispersing the loan. Easy as 1, 2, 3!<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"When taking personal loans from many platforms, poor credit history can either increase your interest rate or disqualify…\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":216,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n
Prosper Loans: Detailed 2023 Review and How It Works - BusinessYield<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n