Debt Consolidation



About Prosper

Prosper is a peer-to-peer lending platform that sources personal loans for borrowers with credit scores over 600. In addition to credit score, borrowers are assigned a “Prosper score” that considers credit, debt-to-income ratio and other factors.

Most loans are funded within two weeks of application. In addition to unsecured personal and debt consolidation loans, Prosper has a home equity credit option for qualifying borrowers.


Loan Amount
$2,000 to $40,000
Interest Rate
Loan Terms
36 or 50 months
Years in Business
Since 2005
BBB Rating

Editorial Rating


“A peer-to-peer lending platform that provides secured and unsecured loans to borrowers with fair credit scores.”

Benefits and Features

Minimum credit score: 600
Soft credit check to pre-qualify
Get funding in 14 days
Payment date flexibility
Available in all 50 states
Online application and approval


  • Option to change your payment date
  • Offers joint loans
  • Offers a wide range of loan amounts


  • No rate discount for autopay
  • Funding time can be longer than many lenders
  • Charges origination and late fees
  • Borrowers can choose from only two repayment term options
Prosper logo

Contact is not a provider of debt consolidation or resolution. Ratings that appear on this site are determined by our subjective opinion and are based on an analysis that aggregates a company’s reputation, services, general consumer interest, fees and features. Listings that appear on this site are not endorsements.