P2P Debtor Profile: A debt consolidating Loan

During the early 2008 Jillian Kay ended up being drowning with debt. She have numerous bank cards with interest levels of 25% or more. The other of her cards increasing their rate to over 30% whenever she missed a repayment (it absolutely was only a easy oversight on her role). But which was the straw that is last she knew one thing needed to be complete.

After some analysis online she found peer to peer lender Prosper and filled out of the loan application. It really is a pretty easy process and she managed to conclude the program quickly. Once the loan is funded and the rate had been seen by her is likely to be 12.4% she broke down crying.