Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production. ...
Provided the large number of respectable creditors in the industry willing to approve short term loans to people with poor credit scores, you can actually get loan providers to contend with each other to provide you the competitive ratesof interest feasible. Remember that a mere 2% or 5 % off...
Prosper takes the bids with the lowest rates, does some sort of combinatorial magic and lumps all of the loans into one easy rate for the borrower. Notes are then awarded to the winning bidders. Because Prosper uses an auction system, the borrower ideally gets to watch the interest rate dec...