Prosper is a peer-to-peer lending network that has been established since 2005. Instead of going to an institution for a loan, this lending service is funded by average everyday people. This is a great alternative lending option with over $2 billion funded.

Simply go on there and list the reason why you need the money and people will make a decision whether to fund your loan or not. The minimum loan amount is $2,000 with a maximum of $35,000. Payment terms range from three to five years. Interest rates can range from 5.99% to a high of 36%. Average percentage is 18%.

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