There are all sorts of people looking for loans on Prosper these days. Many want to pay down their debt. In fact US households are paying down debt for the first time since 1952 according to the Federal Reserve. This is the fifth month consumers have paid down their credit cards and cut other debt as they try to balance their battered retirement funds and other savings.

As you view all the listings, you will find a wide variety of borrowers asking for a loan to pay down their debt by getting rid of those high interest credit cards and transferring their debt to a fixed monthly payment at a better rate.
Debt is universal. People from all different backgrounds and in so many circumstances may find themselves in need of a helping hand to get themselves out of debt or to help them improve their lives. With Prosper, you can provide that helping hand. 

Here is a listing where a borrower is asking for a second loan after a 60 point improvement in her credit score since the last loan. She wants to pay off some debts so that she can purchase a camcorder to expand further in the adult entertainment industry.
http://www.prosper.com/invest/listing.aspx?listingID=420065

Another listing cites the loan being used to pay off the final credit card. Congratulations! This second time borrower has a 60 point improvement in their score since the last loan.
http://www.prosper.com/invest/listing.aspx?listingID=420257

This Police Officer is also asking for a loan to pay off his credit cards. He could consolidate his debt onto one card, but he wanted to try Prosper first. Because Prosper offers fixed rate loans, borrowers can trust that the rate will not change after the loan is funded. And that is a real benefit to our borrowers in at a time when variable rate mortgage loans and credit cards are the norm.
http://www.prosper.com/invest/listing.aspx?listingID=419928

Remember that all Notes on Prosper are offered by Prospectus.
Why don’t you check out these loans, and so many more like them from people of all types and from all walks of life. With Prosper, you can help these Americans get out of debt.