Manufacturer: Prosper Category: Loans Clear all filters (4 of 4 reviews match)
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In my mind, I paid 16 months in advance due to the amount I paid but ,they informed me that you have to make monthly payments eventhough I had enough to pay 16 months in advance! I have to report them to the Consumer Protection Bureau because I believe there is much fraud and deceptive business practices in place. Stay away from Prosper...
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1.0
Product
Prosper Debt Consolidation Loan
I didn't like
  • Business practices
#1034374
Reply to reviews
I spoke to Prosper about this exact issue ago. I sent an extra $100 in the middle of the month ( AFTER my auto-payment on the 6th). Of that extra $100 I sent, only $6 went to the principal while $94 went to the interest!! The agent had me on-hold for 10mins to ask his...
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Anonymous
Anonymous

They ripped me off too. Made extra payment, they did not take next months payment. Then reported to Credit Bureaus that I was behind.

Product
Prosper Debt Consolidation Loan
#1034346
Reply to reviews
After many months of trying to make extra payments- I finally figured out how Prosper works. Because they don't want you to pay off your loan early, they make it quite difficult. If you make an "extra payment" on a random day, Prosper only applies that to your next...
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Anonymous
Anonymous

I made an extra payment to Prosper. Then they did not take the auto payment the following month. Then they reported me late to the Credit Bureaus. Plummeted my Credit Score...

Anonymous
Dante L

I literally just googled the search-term "prosper complaint additional payment to interest?" and found this entry on pissedConsumer. I spoke to Prosper about this exact issue ...

1.5
Product
Prosper Debt Consolidation Loan
#941390
Reply to reviews

Prosper Debt Consolidation Loan Review

#916822
On two occasions my monthly loan was taken out twice on the same day, seriously doing damage to checks sent out and fees!! They said I was all set for the next month, will report to The Better Business Bureau.
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