- Free application
- Low fees
- Industries covered
- Customer service resources
This company already has more than 2,000 providers registered with them in the six years they've been in operation. This means the company is growing quickly and acquiring trusted partners along the way. Prosper Healthcare is also a nationwide brand, which gives you a higher chance of working with a registered provider near you.
Not only is it free to apply for a loan through Prosper; it's also fast and gives you even faster results. It takes about two minutes to submit an application, and they say you can receive approval status within 10 seconds! What's more, your application will not affect your credit, since they do a soft pull of your credit score. And because you'd be getting a loan and not a credit card here, your credit won't be affected by obtaining the loan either.
Aside from their free application, Prosper doesn't charge much for things like late payments either. They charge $15 every time you make a payment late, which is actually quite reasonable.
Unfortunately, Prosper doesn't cover all medical treatments. However, they specialize in covering four main (and expensive) industries: bariatric procedures, dental treatments, fertility treatments and medications, cosmetic surgeries, and behavioral treatments. Even though they don't cover all other areas, these four industries can become very expensive and are not uncommonly needed. That said, Prosper is a great resource for financial help if you need one of these treatments. They will cover up to $35,000 over a 60-month term for bariatric, dental, and plastic surgery, and they will cover up to $100,000 over an 84-month term for fertility treatments. They also provide financing for rehab facilities, weight loss clinics, and youth behavior schools and camps.
Customer Service Resources
This company makes it easy to contact customer service representatives and get answers. For starters, their website is intuitive and provides a lot of information you would want to know up front-industries they cover, contact information, company background, loan limits, and account access. They also make it easy to look up your provider. All you need is the six-digit ID number of your provider to see if they are registered with the company. These resources make it easier for you to decide whether Prosper is the right partner for you.