Paying off high interest loans
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 25% |
| Lender Rate: | 13% | Borrower: | RgPro |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-06 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Feb 06, 2008 | Current |
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Purpose of loan: I will use this loan to shift some debt off my bank card as well as a higher interest bank loan. I would like to see how competitive prosper can be to a bank. My financial situation: I am more of a Prosper lender than a borrower and will continue to be. I'm financially in good-shape, now a small-biz co-owner of a IS/IT company which is growing and expanding. My credit is in good standing and all debts are paid on-time usually above minimums. My Monthly Income Job: +$5500.00 My Expenses
=============== Total Living exp. $2705.46 Credit cards w/ balance:
Loans - balance:
For the credit cards I usually pay $250/mo. to reduce the balance unless if the minimum is higher than that I'll pay the min. I currently pay $450/mo. for the BofA card just to get the balance down. ===============s Total Debt exp. $1037.22 ----------------------------- Total monthly expenses Debt + Living -$3742.68 I put whatever's leftover into savings and my business. The major reason of this listing is to try to get rid of the CITI bank loan - I really don't like that bank, and I'd rather pay prosper people than that bank. |
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