1. The payoff balance is the entire amount of the loan including ALL interest, even though you’re paying off really early.

2. No flexibility on monthly payments. My balance is almost $25k. I called because I want to pay off $20k of it. But what does that do for me? Nothing. I would still have to pay the rest monthly at the SAME monthly payment, even though I owe much less. This is going to force me to pay off the whole thing, which will create some problems for me.

I doubt I would ever take out another peer-to-peer loan due to the lack of flexibility.

I am wondering if I would be able to meet with you to go over some Financial steps/ options that I am planning to take to embetter my financial situation. If that is, in any way possible, you will do me a great favor. I love to watch your videos but I want to act and make my first steps towards financial freedom. I trust that you are one of the very few who provide 100% accurate content and I trust that I will never regret asking for your guidance. Also, I know how busy you are between your personal and professional life. However, I trust that you would be able to spare some of your valuable time to guide a beginner –
a 39 old, single mother- starting from scratch, like myself. Thank you in advance

Hi Robert – Generally no, unless it’s a business loan.

Hi Christine – Apply with Prosper and see how it goes. I can’t tell you in advance, since I don’t make the loan decisions.

Hi Leo – That will depend entirely on the interest rates you’re earning in each risk class. You’ll have to crunch the numbers and see what they’ll pay.