Question by Sunfire03: I want to see if I can get a loan from Prosper to pay off my Payday loans. Is Prosper OK?
I am caught in a Payday loan nightmare. My credit will not allow me to get a personal loan. I was reading about Prosper, person-to-person loan, hoping and praying that someone would help me get out of this pit called Payday loans.

Best answer:

Answer by bdancer222
Well the interest rate at Prosper will be a whole lot less than that payday loan. But you may not get a loan at Prosper either. If your credit is too bad to get a personal loan, people at Prosper may not be willing to take the risk with you.

Instead of looking for another loan, consider other ways to come up with cash. Have a garage sale, sell blood/plasma, collect alum cans, get a second job …

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