I have decided to purchase my new car by taking out a couple of Peer to Peer Loans for $5000 each. I decided that I would use two companies to fund my loan as I was interested to see the mechanisms that were involved with each one. It turned out that I was able to get a cheaper loan from the lending club than I was with the prospect company. This is strange as I am pretty sure that both of the companies would have seen that I have a very good credit record. Now that I know what I know I am pretty sure that I would take out a peer-to-peer loan from the lending club next time that I need to borrow a large sum of money to finance a purchase. When I initially applied to the loan I thought that it may be a problem that I applied to small ones from two different companies; this did not turn out to be the case.