Скачать или смотреть Prosper Lending review for debt consolidation loans

If you would like to shop around to make sure that you are getting the best rate on a debt consolidation loan, visit our marketplace page. With a single application, you can check your rate with up to 40 lenders, and it won't hurt your credit score because they only do soft credit inquiries (until you take the loan): https://theyukonproject.com/product-c...

In this review of Prosper Lending personal loans for debt consolidation, we will cover whether Prosper is a legit company, how much you can borrow from Prosper, how hard it might be to be approved for a debt consolidation loan from Prosper, what the APR on a Prosper debt consolidation loan is, and what fees Prosper charges on its personal loans. We will also talk about what you should do before you take that debt consolidation loan from Prosper and where else you can apply to make sure you are getting the lowest APR and the best terms you can on a personal loan.

Website: https://theyukonproject.com
Instagram:   / yukon_project  
Facebook:   / theyukonproject  
YouTube Channel:    / @theyukonproject  

Apply for a personal loan: https://theyukonproject.com/product-c...

Apply for a consolidation loan: https://theyukonproject.com/product-c...

Apply for a credit card: https://theyukonproject.com/category/...

Tailored & actionable steps to a 700 credit score
Build Credit with our FREE service: https://theyukonproject.com/free-cred...

Find a financial Advisor: https://theyukonproject.com/product-c...

Find the right savings, checking, CD, Account for you: https://theyukonproject.com/find-the-...

00:35 - Company overview: Prosper Lending was established in 2005 as a peer-to-peer lender. The idea was that individuals with money would come to the site and decide to lend money to people who needed loans. It would be a good investment and the company would be able to avoid the regulatory scrutiny of traditional banks and lenders. That model didn’t stick around. You can still invest in loans through Prosper, but the actual lending is being done by a bank (WebBank), and most of the money for that lending is not coming from individuals like you and me. The fact that WebBank is on the hook for the lending process means that they are closely regulated. You can have confidence in that when borrowing from Prosper Lending.

01:20 - How much can I borrow from Prosper?: Prosper lends personal loans in the amount of $2,000 and $50,000, but what you can borrow will depend on your particular situation, especially your credit history, your income, and your current financial situation.

02:07 - Can I get approved by Prosper Lending? Prosper uses a proprietary system for grading potential borrowers. While you don't need to have a perfect Prosper rating to borrow from them, if you have a high grade, you will get a lower APR and offered more money.

02:46 - What credit score do I need for a Prosper loan? Prosper doesn't report whether they have a required credit score for approval, but it is likely that most of their borrowers have credit scores above 680. Of course, the only way to be sure of whether you would be approved it is apply.

03:13 - What is the APR on a Prosper loan? Prosper does not charge more than 36% on any of the loans. Their most recent report indicates that their average APR is 19%.

03:42 - What fees does Prosper charge? Prosper charges an origination fee that is between 1% and 8%. They also charge a late fee, a non-sufficient funds fee (NSF), and a fee if you want to pay your monthly bill by personal check.

04:27 - Should I consolidate my debts with Prosper? Debt consolidation can be a great tool for getting out of debt, but only if you do it the right way. When you consolidate your credit card debt or personal loans you want to make sure you don't consolidate any loans or debt that has a lower interest rate than the one Prosper is offering. You also want to avoid consolidating any loans that you are track to pay off within the next 12 months. When you consolidate loans, you create a new loan with a term of 3 to 5 years. Why extend out the life of that debt (even at a lower interest rate) if you can just get it paid off in a few months?

05:42 - Easiest way to shop around for a debt consolidation loan. Visit https://theyukonproject.com/debt-cons...

#debtmanagement #debtrelief #debtconsolidation #personalloan #personalfinance #debtpayoff #loanapplication