Prosper Unsecured Loans – Pros and Cons: Good Credit Debt Consolidation Loans and Home Improvement Loans

Prosper operates on a completely different basis than banks. It is a peer-to-peer lender which means that people lend money to other people. The fact that individuals are doing the lending has made the unsecured loans market vastly more efficient. Chris Larsen, co-founder of Prosper, stated that “This previously one-sided control has bred inefficiencies and […]

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Should You Pay Off Your Student Loan? The Pros and Cons of Paying Back a Student Loan as Soon as Possible

Generally, individuals are advised to be debt-free if possible. In most cases this is a good idea, since the interest rate one pays on any debt is far higher than that gained from savings accounts. Therefore, in the majority of instances it is better not to have any savings until all debts are paid. However, student loans are an exception to this rule.

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