Business Debt Consolidation/Improved Interest Rate
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 19% |
| Lender Rate: | 17% | Borrower: | swimbikerun |
| Finished | State: | TX | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-07 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Dec 07, 2007 | Current |
|
Successful software project management consultancy funded with high
interest credit cards seeks to consolidate its debt under improved
terms. Current rates of interest vary from 21% to 28%. The business has
grown steadily since its inception in 2000 and continued growth is
expected due to increasing demand for services coupled with a very
satisfied customer base. This is my 6th attempt at pursuing this loan through Prosper. I believe that I'm now very close to structuring the terms such that this loan will appeal to the greatest number of lenders. My previous attempt achieved a 81% funding level. This time around, I've lowered the amount I'm seeking by $5K and have up'ed the interest to the max allowed by my state. I will be closing 5 lines of credit under this consolidation and not using the funds to expand my available credit. I expect that fewer active accounts will help move my rating from B to A as this coupled with high balances is the primary reason for my B rating. Finally, I very much appreciate everyone who has repeatedly offered to fund this loan and who have been patient as I have pulled and adjusted the various parameters! Hopefully, we'll get it done on this round! Sincerely, swimbikerun from Texas |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 224999 | Debt Consolidation/Improved Interest Rate | B | $25,000 @ 8% | Nov 02, 2007 | Withdrawn |
| 226161 | Debt Consolidation/Improved Interest Rate | B | $10,000 @ 8% | Nov 05, 2007 | Withdrawn |
| 227670 | Business Debt Consolidation/Improved Interest Rate | B | $25,000 @ 12% | Nov 07, 2007 | Withdrawn |
| 227836 | Business Debt Consolidation/Improved Interest Rate | B | $25,000 @ 15% | Nov 07, 2007 | Withdrawn |
| 231783 | Business Debt Consolidation/Improved Interest Rate | B | $25,000 @ 17% | Nov 14, 2007 | Expired |
| 235629 | Business Debt Consolidation/Improved Interest Rate | B | $25,000 @ 17% | Nov 21, 2007 | Expired |
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