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A Prosper.com spotlight: How Leonard paid down his credit cards for good


We blogged last June about how debt consolidation works – and this week we’re turning the spotlight to Leonard C., a Prosper.com borrower who successfully simplified his debt.

Realizing he had “too many payments every month”, Leonard used a $10,000 Prosper Loan to pay off his credit cards. He points to two reasons for turning to Prosper for a personal loan:

  1. Simplicity. Keeping track of multiple credit cards with outstanding balances is difficult and time consuming. Exchanging them for a single fixed monthly payment helped to reduce financial stress.
  2. Community. Leonard didn’t have to walk into a bank to get his loan. In his words, Prosper’s peer-to-peer lending community “made [his] decision to borrow much easier”, adding that “lenders know what borrowers are going through”.

We think Leonard’s story is really heartening – and he is just one of thousands of borrowers who have used a Prosper Loan to take their first steps towards tackling their debt.

08/01/2012 by in Borrowers, Featured, Prosper Spotlights

Small Business Spotlight: Precious & Few

Entrepreneurs everywhere are turning to Prosper.com to start or expand their small businesses. Online retailers in particular are growing rapidly – and they are increasingly finding financial solutions to their challenges with Prosper.com.

 Precious & Few Infant Wear

Kathleen is the owner of Precious & Few, an online retailer of infant wear designed to be handed down through generations. Passionate about growing her business but needing funds to achieve it, she turned to Prosper.com and borrowed $5,000.

“I used the loan to redesign the website so it would be search engine friendly. The process was thorough and seamless. I think I am right where I should be right now.”
- Kathleen

At Prosper.com we’re continuing to connect people like Kathleen with the financing they need to realize their dreams. If you’ve been thinking about starting or expanding a small business, why not see what Prosper.com has to offer you?*

Have you had a great experience with Prosper.com that you’d like to share? We want to hear about it! Tell us your story by sending us an email at stories@prosper.com.

* Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to invest in your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans made by WebBank, a Utah-chartered Industrial Bank.

05/17/2012 by in Borrowers, Featured, Prosper Spotlights

Prosper Lender Financed iPhone Game “Puff Puff” Launches; Supports Coral Reef Ecosystem Restoration in the Gulf and Worldwide

Puff Puff

Puff Puff, the first iPhone game released by independent developer 6th Mega and financed by Prosper lenders, is now available for $0.99 on the Apple App Store. Ten percent of game purchase proceeds will help support organizations dedicated to protecting coral reef ecosystem restoration, Continue reading Prosper Lender Financed iPhone Game “Puff Puff” Launches; Supports Coral Reef Ecosystem Restoration in the Gulf and Worldwide

08/04/2010 by in Borrowers, Featured, Prosper News, Prosper Spotlights

What do Prosper Lenders, the iPhone, a Puffer Fish and Supporting Ecosystem Restoration Have in Common? Prosper Borrower 6th Mega

Let’s face it; most Prosper lenders are here to make a good return.  But many lenders also gravitate to Prosper with the objective of doing well, by doing good.  In the case of 6th Mega, Prosper lenders bid on a creditworthy “goodware” developer with a cause. Continue reading What do Prosper Lenders, the iPhone, a Puffer Fish and Supporting Ecosystem Restoration Have in Common? Prosper Borrower 6th Mega

04/20/2010 by in Borrowers, Featured, Lenders, Prosper News, Prosper Spotlights

 

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Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.