Paying down credit card debt (lower interest rate)
| Listing Information |
| Amount: | $3,500.00 |
Status: | Loan created |
| Grade: | B |
DTI: | 13% |
| Lender Rate: | 11% |
Borrower: |
futurehomeowner
|
| Time Left: | Finished |
State: | IL |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2006-08-01 |
EricsCC ROI:
| 7% |
| Status History |
| Aug 30, 2006 |
Current |
I'm planning to buy a house in late 2007 or early 2008. I'd like a home loan at the best possible interest rate and I recognize that my B rating won't get me the best, lowest rate. So I am planning to spend the next twelve months paying down my credit card debt. Since my amount of credit card debt is the only negative on my credit rating; reducing it will improve my credit rating. This Prosper loan at a lower interest rate than my credit cards would enable me to pay off the debt quicker. I will pay off this Prosper loan in the next twelve months as well. I always pay my bills on time and my yearly income is +$75,000.
Enjoy these peaceful pictures as you browse my listing.
|
| Borrower's Other Listings |
| 18562 |
Planning for Future - Down With Credit Card Debt |
B |
$7,000 @ 9% |
Jun 08, 2006 |
Withdrawn |
| 19877 |
Safe Bet, Please Read |
B |
$1,000 @ 9% |
Jun 15, 2006 |
Expired |
|
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