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Payoff vs Prosper

Payoff is a credit card consolidation loans for borrowers with good credit. How does it compare to Prosper? Read our comparison chart below.

 PayoffProsper
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Payoff

Prosper

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CreditDonkey® Reviews

 PayoffProsper
EligibilityStarStarHalf StarEmpty StarEmpty StarStarStarStarStarEmpty Star
FeesStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
Interest RatesStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • Low APR for excellent credit
  • No late fees
  • Can help boost credit score
Cons:
  • Only for credit card debt
  • No cosigners allowed
  • Slow funding process
Pros:
  • Online application
  • No prepayment penalties
  • Better approval chances
Cons:
  • High APR for "fair credit"
  • Only two terms offered
  • Won't pay creditors directly
Bottom LineCredit card consolidation loans for borrowers with good credit... Read full reviewLow APRs for "good credit" borrowers who need a small loan... Read full review

Personal Loans

Personal Loans

Which is Better: Payoff or Prosper?

Still need help deciding which personal loans is better? Read the in-depth reviews below. You may also be interested in comparing Payoff or SoFi.

In short: Payoff's fees and interest rates are noteworthy. Prosper's eligibility is worth mentioning.


Articles on Payoff

Payoff Personal Loan Review

Payoff offers personal loans for credit consolidation, but are the APRs worth your time? Find out if you qualify and how they work with credit bureaus.

Articles on Prosper

Prosper Personal Loan Review

Prosper offers peer-to-peer personal loans at fairly low APRs. Before applying, find out if you'll qualify and who Prosper loans are best for.

Which Do You Think is Best?





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