I'm wondering if anyone has ever taken out a loan on Prosper.com. In case you haven't heard of it, it works like this. Say you have a credit card debt of $5,000 and your credit card rate is 21%. Instead of making the minimum payments and paying a lot in interest, you get a loan on prosper for the $5,000 at only 10% interest. You've just saved 11% interest and whomever is lending you the money (can be one person or more than one person) gets to collect 10% interest instead of the 3% they'd get if they leave the money in the bank. So, my question is, has anyone done this before and what was your experience?