Why let the bank get the interest, you can have it instead?
| Listing Information | |||
|---|---|---|---|
| Amount: | $22,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 33% |
| Lender Rate: | 12% | Borrower: | LotusFunds |
| Finished | State: | OR | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-06-21 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Jun 20, 2007 | Current |
|
Purpose of loan: This is what you really want Prosper for!!! I have a BofA consolidation loan that has a high interest rate [13.74%] and I figure why should BofA get it. After calling them, they refuse to drop the rate, so I thought I would try to let Prospers lenders do it and make guaranteed income. This loan will pay them off, which is included below and the DIT without this is 23%. My financial situation: Never late, AA Credit. Just looking at getting the interest rate to go down. Monthly net income: Primary Employment is $8,000 per month Secondary [AdjunctUniversity Professor] is $2000 per month Spouse has income to assist with household expenses Monthly expenses: $ Housing: $ 2000 Insurance: $ Heath - Employer paid, Car - $60 [Long time USAA customer], Home - Included Car expenses: $ Car Paid For. $100/mo [I own a Prius - Low Gas Milage] Utilities: $ 200 Phone, cable, internet: $ 80 Food, entertainment: $ 500 [Family of 5] Clothing, household expenses $ 300 [Not a significant priority in our lives] Credit cards and other loans: $ 1200 [Inlcudes this Bof A one I am trying to dump] Details on the Revolving Balance Listed above
Thank you |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 144602 | Why let the bank get the interest, you can have it instead? | AA | $22,000 @ 12% | May 30, 2007 | Expired |
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