topic My recent prosper experience in Personal Finance

My recent prosper experience

Anonymous — Mon, 21 Apr 2014 19:42:20 GMT

I'm not sure where to post this so maybe it will get moved.... I haven't seen many recent posts about prosper.com so I thought I'd share my recent experience for anyone who might be thinking about using them.

After unexpected emergency family medical expenses popped up last month I found myself with maxed out credit cards all around 20% interest. I've been bombarded with pre approval letters from both prosper and lending club and decided to try prosper. I created an account 4/16 and filled out an app (soft pull) and was instantly approved for 6k at 11.99%. They also offered me as much as 12k or anything else in between with options to pay over 36 or 60 months (higher intrest for the 60 months of course) I believe I fell in their 2nd best proprietary rating with an "A" rating ( I think the best is AA). I was told that my loan had two weeks to be funded and would only receive a hard pull if I accepted the loan terms and the pull would be through experian only.

Six hours later the same day my loan was funded, and the only paperwork in needed to send in was a copy of my bank statement to prove it was my account. The terms of the loan is for 6k minus a $240 fee with payments of $199 for 36 months. I can make extra payments if I want to. They accepted my bank statement that I emailed in the next day 4/17 and told me the funds would be in my account within 2-4 business days. Today 4/21 the funds are in my account and I have nothing but good things to say about prosper. They made it simple and hassle free.

I hope this helps anyone thinking about peer to peer lending. It makes me feel good to pay the intrest to a regular person and not some big bank. Feel free to ask me any questions if I've left something out

Re: My recent prosper experience

Involver — Mon, 21 Apr 2014 19:44:40 GMT

Nice to hear they were able to help you out.

Neither Prosper nor LT want anything to do with me because of new accounts, even with 760+ scores. LT did finally offer me a loan but only for $1000 at 24.99% which is absolutely ludicrous considering a 10 year credit history never missing a payment.

Re: My recent prosper experience

gdale6 — Mon, 21 Apr 2014 20:14:13 GMT

Grats OP

Re: My recent prosper experience

-Wade- — Mon, 21 Apr 2014 21:20:37 GMT

@Anonymous wrote:
I'm not sure where to post this so maybe it will get moved.... I haven't seen many recent posts about prosper.com so I thought I'd share my recent experience for anyone who might be thinking about using them.

After unexpected emergency family medical expenses popped up last month I found myself with maxed out credit cards all around 20% interest. I've been bombarded with pre approval letters from both prosper and lending club and decided to try prosper. I created an account 4/16 and filled out an app (soft pull) and was instantly approved for 6k at 11.99%. They also offered me as much as 12k or anything else in between with options to pay over 36 or 60 months (higher intrest for the 60 months of course) I believe I fell in their 2nd best proprietary rating with an "A" rating ( I think the best is AA). I was told that my loan had two weeks to be funded and would only receive a hard pull if I accepted the loan terms and the pull would be through experian only.

Six hours later the same day my loan was funded, and the only paperwork in needed to send in was a copy of my bank statement to prove it was my account. The terms of the loan is for 6k minus a $240 fee with payments of $199 for 36 months. I can make extra payments if I want to. They accepted my bank statement that I emailed in the next day 4/17 and told me the funds would be in my account within 2-4 business days. Today 4/21 the funds are in my account and I have nothing but good things to say about prosper. They made it simple and hassle free.

I hope this helps anyone thinking about peer to peer lending. It makes me feel good to pay the intrest to a regular person and not some big bank. Feel free to ask me any questions if I've left something out

Congrats

Re: My recent prosper experience

alvon123 — Mon, 21 Apr 2014 21:59:30 GMT

congrats

Re: My recent prosper experience

corymcd88 — Mon, 21 Apr 2014 22:52:42 GMT

@Involver wrote:
Nice to hear they were able to help you out.

Neither Prosper nor LT want anything to do with me because of new accounts, even with 760+ scores. LT did finally offer me a loan but only for $1000 at 24.99% which is absolutely ludicrous considering a 10 year credit history never missing a payment.

Yep, I said they same thing. They said good rate 20.99%, I don't think so. Higher then my CC.

Re: My recent prosper experience

Anonymous — Mon, 21 Apr 2014 22:54:55 GMT

Congrats!

Re: My recent prosper experience

Sooners2013 — Tue, 22 Apr 2014 01:52:06 GMT

What credit bureau do they use?

Re: My recent prosper experience

Anonymous — Tue, 22 Apr 2014 02:18:09 GMT

I can't confirm yet but told EX

Re: My recent prosper experience

yudeology101 — Tue, 22 Apr 2014 03:42:13 GMT

WTG, congratulations!! Woot woot~

Re: My recent prosper experience

coldnmn — Tue, 22 Apr 2014 10:43:11 GMT

Congrats! Thanks for sharing.

Re: My recent prosper experience

TrueGeminiNC — Sun, 07 Sep 2014 19:07:07 GMT

@Anonymous wrote:
I'm not sure where to post this so maybe it will get moved.... I haven't seen many recent posts about prosper.com so I thought I'd share my recent experience for anyone who might be thinking about using them.

After unexpected emergency family medical expenses popped up last month I found myself with maxed out credit cards all around 20% interest. I've been bombarded with pre approval letters from both prosper and lending club and decided to try prosper. I created an account 4/16 and filled out an app (soft pull) and was instantly approved for 6k at 11.99%. They also offered me as much as 12k or anything else in between with options to pay over 36 or 60 months (higher intrest for the 60 months of course) I believe I fell in their 2nd best proprietary rating with an "A" rating ( I think the best is AA). I was told that my loan had two weeks to be funded and would only receive a hard pull if I accepted the loan terms and the pull would be through experian only.

Six hours later the same day my loan was funded, and the only paperwork in needed to send in was a copy of my bank statement to prove it was my account. The terms of the loan is for 6k minus a $240 fee with payments of $199 for 36 months. I can make extra payments if I want to. They accepted my bank statement that I emailed in the next day 4/17 and told me the funds would be in my account within 2-4 business days. Today 4/21 the funds are in my account and I have nothing but good things to say about prosper. They made it simple and hassle free.

I hope this helps anyone thinking about peer to peer lending. It makes me feel good to pay the intrest to a regular person and not some big bank. Feel free to ask me any questions if I've left something out

I know this thread is a bit old. I signed up for a loan via a marketing promotion with United. 500 bonus miles + 1 mile for every dollar borrowed. Long story short, the 6-8 week period for the miles to be deposited into my account has expired and still no miles. I contacted Prosper and they suggested that it will take another 4 weeks. I am not happy with Prosper!

Re: My recent prosper experience

Anonymous — Sat, 13 Dec 2014 03:24:32 GMT