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No. of Recommendations: 1
One other thing … I applied for a loan through Prosper and was approved for $10,000 at 15.85% APR. Lower than my current APR but still ridiculously high ..... and I hear that Prosper does a HP and hurts credit even though they say they do not. Any thoughts?

If you actually applied and were approved, there probably was an inquiry. You need to check your credit report to see.

You also need to understand the fees that would be involved to get that loan. If you would be less than the extra interest you would pay on your 23% card, and the payment fits into your budget, it might be worth it to do the loan. If you can't figure out the interest savings vs. the fees, post some information and we can figure it out for you.

AJ
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