Prosper: the PHTA’s Consumer Financing Program Overview (also known as their Prosper Financing Program)
The Pool & Hot Tub Alliance (PHTA, formerly known as the APSP) has partnered with Prosper Markeplace, Inc. to sponsor a consumer financing program to provide financing solutions for PHTA member customers’ pool, hot tub or home improvement projects. Prosper is an online marketplace lender that provides access to fixed rate, unsecured loans from $2,000 to $35,000 with loan terms of 3 and 5 years. After 12 months on the program, loans increase to $50,000 and 7 year terms. Loan APRs start at 5.99%, but your rate will depend on the loan amount and creditworthiness–you can see your rate without affecting your credit score and, if the rate works for your financial situation, accept the rate and complete your loan request, all online.