Rate offered is based on Prosper Rating and other factors, and your actual rate may differ.
Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan.
A cosigner is someone who shares responsibility with the borrower for repaying the loan.
The cosigner doesn’t have to be a relative; he or she can be any adult who meets the eligibility requirements.
While it's true that you can't borrow your way out of debt, consolidating all of your high interest loans into one Prosper debt consolidation loan with a great rate could save on the amount of interest you're charged on your debts each month.