Hi, what are you looking for?

Financial Wellness

Saying Aloha to a Debt Free Life in Maui

When most people think of Hawaii, they picture pristine beaches, surfing in warm waters and enjoying tropical drinks. That’s the life Barbara Vance imagined when she moved from the mainland to Makawao, a rural area in the eastern part of Maui. But she quickly realized the high cost of island living was too much for her to handle on her own.

debt free life in maui

“I was at my breaking point spending every penny I was making, paying bills and coming up short pretty much each month,” says Barbara. “[I had] to use a credit card for food and it just wasn’t working out. I was considering moving back to the mainland to a less expensive place.”

Then she opened a marketing letter from Prosper about personal loans and realized marketplace lending could be the solution she needed for living a debt-free life in Maui. She filled out the application quickly and easily and was approved for a loan right away.

The average American household carries $15,863 of total credit card debt, yet only about half of credit card holders pay their balance in full, according to a recent survey commissioned by Prosper Marketplace. Like many Americans, Barbara was struggling to pay off her credit card debt, but since receiving a loan through Prosper, she has paid off most of it. Barbara is thankful to the Prosper community because now she is able to worry less about her financial situation and simply enjoy living a debt-free life in Maui.

Note: This post is based on a video submitted to our $2 Billion Strong Contest.

All loans are personal loans made by FDIC-member banks. Equal Housing Lending. Marketing materials are sent on behalf of WebBank.

Read more

Join our mailing list

Blog Opt-In (General)

Latest

Investor Center

Today we are sharing performance data from the Prosper Portfolio for December 2021. Highlights from the report include: Performance Update In December, approximately 60%...

Prosper Blog

We’re excited to announce the launch of the Prosper® Card!  Now you can take control of your finances with access to affordable rates and...

Graphic showing dropping interest rates and mortgage rates Graphic showing dropping interest rates and mortgage rates

Financial Literacy

Best Ways to Use Low Interest Rates  Now is a great time to borrow money.  To continue to aid in the economic recovery from...

Person learning about financial management Person learning about financial management

Best Practices

Most people can’t help but let their emotions affect their financial management decisions, even if it’s subconscious. We learn many of our attitudes about...

Company News

We’re excited to announce the Prosper: Personal Loans App to improve borrower experience! Now you can explore new loan options or manage your existing...

Performance Updates

Today we are sharing performance data from the Prosper Portfolio for November 2021. Highlights from the report include: Performance Update • In November, approximately...

You May Also Like

Credit Management

Unemployed and looking for ways to borrow money? We’ll reveal what options you have when it comes to accessing emergency loans with no job.

Best Practices

Even before COVID, expensive healthcare costs had many Americans wondering what happens if you don’t pay medical bills. If you’re struggling with medical bill...

Finance for Homeowners

Taking out a HELOC to pay off your mortgage is a common practice among many homeowners today. Read more to find out the pros...

Financial Literacy

With the right interest rate and terms, a personal loan from a trusted lender can provide an avenue for getting out of debt, funding...