Difficulty budgeting. If you employ many BNPL applications to help make several buys, you could find yourself battling to keep track of payments, racking up late expenses and you could even be claimed to collections.
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Prosper also includes a very low minimum APR. Borrowers with superb credit history could spend as small as eight.99%, that is lower than some other lender on our record. On the other hand, Prosper also has a large optimum APR and costs an origination rate, which some other lenders don’t do.