Internet's first get-out-of-debt community - 134,000 members

Posted: Fri Jan 05, 2007 10:37 am Subject: Prosper Loan Funded

Hello Everyone
Havcen't been around for awhile because of some problems with my migraines, but I just wanted to let you all know my Prosper loan for $5500.00 will be fully funded today. It was my third attempt, but I studied the forums and listings and listed the loan in the evening on 1/2/07. So it basically took 3 days to fund.

This is a great place for people to attempt to get back on their feet, All my payday loans were taken care of here, now I can get rid of a high interest loan and credit card. I know borrowing to pay off debt is not a good idea, but borrowing at a lower interest rate to get rid of really high interest rates works for me.

Because of a bk in 1999 and the mess from the pdls I was listed with an E rating and have to pay 28% interest right now, but after 9-12 months I can relist for a lower interest rate,

There are also certain groups that want to help people in trouble with pdls

Take a look. It's going to work for me, maybe you too.

By the way, they list state caps for everyone right on the site.

Posted: Fri Jan 05, 2007 12:45 pm Subject:

Go ahead because you are the best judge of your situation. You know the best move to make. I will agree with your point when you take new loan at lower interest rate to pay off the debts with high interest rates. The toughest thing is that no one is willing to extend new credit to people with bad credit. Your filing bankruptcy would not be a problem now because that happened long time back in 1999. Actually, you may get better offers from the banks near to your place. Maybe, you could have tried them also.

Kristen71 · Posted: Fri Jan 05, 2007 3:52 pm Subject:

I too funded a loan with Prosper for $3000. I was treated very well by the lenders as well as other borrowers and funded within three days. I funded on Wednesday and the money was in my bank account that Friday morning. By noon Friday, I had paid off my five outstanding credit card accounts and two collection accounts. I have one small payment a month for $104 to Prosper at 15% rather than 7 different payments at 20% and higher.

Prosper is a godsend in my opinion. It is not easy to get funded because you have to put everything on the table regarding why you need the money, any derogatory items on your credit report and how you will pay it back. They are tough, but very helpful.

It is a good feeling to have the credit cards out of the picture....

Posted: Fri Jan 05, 2007 4:10 pm Subject:

fascinating..I have always wanted to hear about someone who got funded, and what the process was like. Thanks for sharing..I always thought you had to have perfect credit to get approved.

Posted: Sat Jan 06, 2007 5:30 am Subject:

I keep trying up to 22% this time in funding. But I just cleared up 2 DQ and will clean up the other 2 monday so I am told my chances will increase at that time.
But I am asking for about 8k to clear all outstanding debt.. Great site.

Posted: Wed Jan 10, 2007 9:55 am Subject: Prosper

I just applied, Wish me luck....Seems like a great site for people who are stuck. I dont know if i will be approved BUT i am trying either way.

Posted: Wed Jan 10, 2007 9:25 pm Subject:

Mine was just approved today, should be deposited Friday. The lenders treated me very well. It's a very different way to get a loan and yet very interesting and professional.

They also have forums you can read through and learn alot.

SAM62

Posted: Wed Jan 10, 2007 9:28 pm Subject:

Prosper Loan? What's the interest rate?

Posted: Wed Jan 10, 2007 9:58 pm Subject:

They have varying interest rates depending on credit scores from Experian. Check it out, it's a very interesting way to get a loan. They also have forums for information. You need to join but do not have to apply for a loan.

SAM62

Posted: Wed Jan 10, 2007 10:00 pm Subject:

Oh that is where the lenders are people who are members of the site right?

Posted: Thu Jan 11, 2007 6:46 am Subject:

That's the one

Posted: Thu Jan 11, 2007 12:31 pm Subject: My prosper Loan

I applied and created a listing yesterday. I received my first Bid today after joining a group. Wish me luck, i am hoping i can get a loan. For anyone interested, the interest rates depend on which state you live in, your credit and or the lender....

Posted: Thu Jan 11, 2007 1:23 pm Subject:

gsforgrace, I don't know if my pm's are reaching you, I've sent you 2 but they're not in my sent box. Let me know here in the forum

SAM 62

Posted: Fri Jan 12, 2007 7:39 am Subject:

I have a listing on Prosper.. 3 days left and I am 88% funded on a 9000.00 loan.
one payment and no PDL CC or Cash Call I am saving all most 400.00 a month took me a lot of trys but I learned more more each time and I am part of a well liked group..
it is a relief for me.. just waiting for the balance to fund and $$ to hit my account I have my bill gathered and checks written just waiting for stamps.
Smile

Posted: Fri Jan 12, 2007 11:05 am Subject:

Congratulations, mine was deposited this morning. nindays from posting listing to deposit of loan. Got rid of a lot od high interest and now one pymt of 230.00. Happy, Happy, Happy!

Posted: Fri Jan 12, 2007 7:11 pm Subject:

I was funded this afternoon.. Now the verfication.. I still have 1 day left to run so I hope the intrest goes down..
But I am also PDL free. So... This will pay off all my CC's Laughing

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