Bad Credit? Don’t Just Roll Over And Accept It

By: Sean Bauer
With the US economy on the brink of a recession and the availability of credit becoming more scarce as banks tighten their belts due to rising loan default rates, people with less-than-perfect credit scores are finding it harder and harder to get the financing they need.? But rather than just throwing their hands up in despair and wallowing in self-pity, they can now take action to improve their credit rating.The peer-to-peer lending space, Prosper.com, is one strategy that borrowers can implement to give their numbers a boost, while simultaneously securing desperately needed funds to consolidate high credit card debt, pay off bills, or obtain the capital required to grow their businesses.? While the banks have closed their doors to high-risk, bad credit business, Prosper.com extends an open hand.But how can getting another loan help fix someone’s credit rating, one might ask?? Although it seems counter-intuitive, getting a loan through Prosper.com just might be the answer to their prayers.? It’s all in the listing strategy that they utilize.Sean Bauer, Author of The Complete Guide to Prosper.com, offers this action plan to resolve credit problems.? If someone needs to borrow a large amount of money, but doesn’t have the credit rating to have their loan funded, they should consider securing one small loan, paying it off and then requesting another loan.There are several benefits to this.? First, they are more likely to get a smaller loan than a larger one.? In fact, they may find that their larger loan listing will get few to no bids, but a smaller one may be fully funded a lot faster.In addition, paying off the small loan can help them to improve their credit score, slowly and over time.? If they secure a small loan and repay it in just a few months, this looks good on their credit report.? They can repeat this process over again until they have met their financial goals.? Chances are good that they’ll get a second smaller loan, especially if they offer a good interest rate and have improved their credit some in the process.Consumers no longer have to sit back and accept their credit score for what it is.? They can take action and give those scores a needed boost, while meeting their financial goals at the same time.If someone is in need of a loan, wants to improve their credit rating, or would like to make a good return on their investment, The Complete Guide to Prosper.com by Sean Bauer is their road map to success.? To celebrate the launch of this valuable book, Sean Bauer has arranged for one day only a special bonus package that buyers of The Complete Guide to Prosper.com will receive if they purchase the book on Amazon.com on Thursday, March 6th, 2008.? This includes over $950 worth of products, adviceFeature Articles, and tools from leading financial and business experts.? On March 6th visit www.prosperbook.com/specialoffer.html for additional details.

Credit Matters
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