Pay Interest to Prosper Members or Citibank?
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 7% |
| Lender Rate: | 26% | Borrower: | marek |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-29 | EricsCC ROI: | 22% |
| Status History | |
|---|---|
| Nov 28, 2007 | Current |
|
Purpose of loan: Made a mistake, I paid for something on my credit card instead of selling stock to pay for it. The market went down and now I will be stuck with this debt for a while. So I figured I could pay interest to others on Prosper instead of paying it to Citibank or taking a loss on my stocks. The loan request will directly in the card, I will pay the remaining balance with my cash in savings and paychecks. My financial situation: I have been in hightech for 14+ years working for well known firms like Cisco, Nortel, LSI Logic and Lockheed-Martin. I have been a high earner that has tried to keep a low burn rate, while saving up to buy a home in the Silicon Valley with a traditional loan and down payment (I refuse to do one of those interest only 3-5 year ARM, call me old fashion if you will). Almost every vehicle I have bought has been paid for by cash. Right now the only major blemish on my credit record is that Citibank card which I nearly maxed out to pay for my wedding location. Monthly net income: $ 5,500 (that is after taxes, 401K, ESPP, Life Insurance, deferred spending, etc) Monthly expenses: $ Housing: $ 1000 Insurance: $ 200 Car expenses: $ 100 Utilities: $ included Phone, cable, internet: $ business paid Food, entertainment: $ 500 Clothing, household expenses $ 300 Credit cards and other loans: $ 500 (what I am paying down) Other expenses: $ 400 Monthly Net Income minus expenses: $2,500 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 233106 | Pay Interest to Prosper Members or Citibank? | D | $15,000 @ 17% | Nov 16, 2007 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|