FOR IMMEDIATE RELEASE

Prosper-Peer to Peer loans has seen growing popularity in the past three years. In addition to this, a Staggering one billion growth in funding totally funded from Private Money Lenders or Investors. This is a significance indication of the success of this new way of packaging and raising a Personal loan through such Marketplace. According to one of the fastest growing and leading peer to peer lending platform, Prosper Marketplace Incorporation reported a total funding of 3 Billion dollars in the year 2015, as compared to 2 Billion dollars in the year 2014.

(Overview of Interest Rate for difference purpose with difference credit score can be found at http://www.prosperloans.org/best-personal-loans/)

Having an excellent and good credit scores make a big different in life and having a bad credit scores suffered and will be in disadvantages. This New way of Fund raising has since created relief for people who are trap with debts and needed a debt consolidation loan to overcome their difficult situations. According to the US Census Bureau, the media US household income is 51, 939.00 US dollars, before taxes. Looking at a typical American’s Life, interest payable on debt for someone with an excellent credit scores, pay 23,000 dollars less in interest, compare to someone with poor credit.

It is a fact that people need credit and it is very imperative that they are aware and familiar about some common loans that average folks who may need in their life and its interest rate. When it comes to credit cards, the poor rate is 22.9 percent, fair rate 19.9 percent, good rate 17.5 percent and excellent rate is 15.2 percent.

In terms of mortgage, the poor rate is 6.5 percent, fair rate 6.21 percent, good rate 4.25 percent and excellent rate is 3.5 percent. In auto loan, the poor rate is 8.5 percent, fair rate 5.89 percent, good rate is 4.59 percent and the excellent rate is 2.99 percent. With the above stats and knowing the huge different between the interests paid for those whom have bad credit via “media income”, it can be understood why servicing difference loans can be exhaustive and difficult.

With the new Peer-to-Peer lending platform, people with bad credits can look for the best terms offered in the marketplace such as Best Interest Rate and Fix and Longer Term. These terms are essential to helping and relieving people whom are serving many debt to effectively manage their finance and debt, thereby giving them more freedom of life.

To learn more, please check out http://www.prosperloans.org. For inquiries, please contact them at 1-866-615-6319 or send an email at [email protected].

Media Contact:
Company: LoanChamp
Contact: Mr Sam Tom
Address: 3422 SW 15 Stree Suite #9077 DeerField Beach FL 33442
Telephone Number: +12513339926
Email: [email protected]

###