When people are short on cash, they’re most likely to turn to friends and family, so found a recent finder.com survey. These loans from our loved ones add up to a whopping $184 billion in estimated annual debt. For context, this friends and family debt — or “FF Debt” — is more than what Americans owed the first quarter of 2017 in auto loans and student loans combined.
Prosper Blog
#MyProsperStory Spotlight: Sherry B.
“#MyProsperStory is that I had a major surgery, meaning I could not work for a number of weeks. The hospital accounts department, as well as the doctor, required me to pay a significant amount of money before the date of the surgery even though I had health insurance. Prosper helped me by processing the loan […]
Prosper Performance Update: June 2017
#MyProsperStory Spotlight: Walter M.
“Being a father and husband is an amazing gift; in addition to being an educator, full time doctoral student, inspired motivational speaker and mentor. Wearing all these hats can be challenging at times. These roles were even more difficult to fulfill when my finances were in disarray. While I was in financial distress my academic performance diminished, my […]
#MyProsperStory Spotlight: Dani. V
How to Prevent and Manage Medical Debt
The Senate healthcare vote has been postponed and the fate of over 22 million US citizens’ access to healthcare remains unknown. Questions loom large about what a new plan might look like and the affordability of healthcare in general. As those with pre-existing medical conditions fear the possibility of losing their insurance, proposed cuts to […]