Prosper Marketplace, Inc. Mortgage Complaint

Other mortgage Settlement process and costs

Prosper Marketplace, Inc. Mortgage department,

Other mortgage Settlement process and costs California

1. This loan ( from Prosper Company ) was not strictly a mortgage. It was a debt consolidation loan for $15000.00 and the rate promised me was 15.41 %. They took out 5 % of the loan as some sort of fee which made the loan amount $14000.00. At a three year rate of paying $520.00. a month I will be paying a total of $18000.00 which is an interest rate of 24.6 %, ( based on the total loan amount of $14000.00. ) not 15.41 % as promised. At that rate I never would have taken the loan. It is the same exorbitant rate the credit card companies were charging. 2. I would like the $750.00. ( origination fee? ) returned to me. And I would like them punished for dishonest business practices.

Prosper Marketplace, Inc. customer in California
May 22, 2016

* Source: CFPB Complaint Database

Prosper Marketplace, Inc. response to complaint:
Closed with explanation

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