Pros and cons of using lending marketplaces for personal loan shopping

SoonLoan LLC, 100 Enterprise Dr Suite 301, Rockaway Township, NJ 07866.

Fixed rates up to 29.99% APR with loan amounts ranging from $300– $3,000. The APR is the cost of credit as a yearly rate. No origination fees. Late fees apply. Loan APRs and amounts are current and are subject to change without notice. All applicants must be current residents of Utah and not all applicants qualify for the lowest rate. Loans made or arranged pursuant to Department of Financial Institutions, State of Utah. Lowest rates reserved for the most creditworthy borrowers.
Repayment period: 6 months.
Representative example: the total cost associated with a loan in the amount of $1,000 for a 6 months term at 29.99% APR equals to $150 ($1,000*29.99%/2), or $25 per month, assuming no prepayment and/or default. No fees are charged at loan origination or on originated loans in good standing.