Prosper Loans

The Simply Prosper money management system requires that all debt be paid off.  It will take time but as long as you have debt, you will not be financially free.  I will explain the “Accelerator Method” in the workbook,The Debt-free & Prosperous Living Basic Course
, to learn how to payoff debt fast and most effectively.  You will need to look into reducing the amount of interest you pay in order to payoff your debts as fast as possible.  If you have received credit card promotions promising very low to no interest for a period of time, it may be to your benefit to transfer to that card.  It is important to take a look at the other fees involved in the transaction, most notably the “transaction fee”.  The highest fee I have seen is 5%, which may or may not make it a viable choice.  Some credit cards will have a transaction fee but will limit it to a specific amount.  I will show you how to calculate whether or not it is a benefit to you in the near future.  Other than credit cards, there are other avenues for personal credit including local banks, credit unions and family loans (I would not recommend borrowing from a family member no matter how sweet the deal is).  There are some online choices also, like Prosper.com.  This service matches up individual lenders with individual borrowers to create another means for personal loans.  The terms of the loan will depend on your credit and the type of loan you are looking for.  I am affiliated with Prosper.com because I think it is a great service that benefits both individual borrowers and individual lenders.  It is important to always do your due dilligence to make sure you are making a sound financial decision.