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1. APRs presented are estimated and were created based upon information entered by the consumer and through analysis of information publicly available at Prosper.com. The estimated APR presented does not bind Prosper. The range of APR available through Prosper is 6.73% to 35.36%. Only borrowers with excellent credit qualify for the lowest rate available. Your actual APR depends upon credit score, Prosper Rating, loan amount, loan term, credit usage and history. All loans are subject to credit review and approval. If you have experienced job loss, medical bills, or other financial challenges, maintaining a good credit rating can be difficult. With a good credit rating you can meet temporary financial challenges by getting a personal loan from a bank or lending institution. But if you have bad credit, it can be difficult or impossible to get a personal loan from a bank. What can you do to get a bad credit personal loan? You have some options, but you need to be careful. Money Market Mutual Funds In the traditional model of payday loans – the lender expects that the borrower will repay their loan (plus interest) in full on their next payday. Payment is possible through numerous methods – the borrowers account may be debited, they can provide the lender with a postdated cheque, or they can pay in cash. If they are unable to pay and the funds are not in their bank account, this will result in bounced fee – which can sometimes be negotiated.
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