p2p lending at lending club
Payoff High interest Credit Card
Homeownership Verified

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Listing Information
Amount: $20,000.00 Status: Loan created
Grade: AA DTI: 40%
Lender Rate: 13% Borrower: ardeano
Time Left: Finished State: OR
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-02-11 EricsCC ROI: 12%
Status History
Feb 09, 2008 Current
One more time;

Purpose of loan:

This loan will be used to payoff high interest credit cards that were used for home improvements.  We are hoping to increase our disposable income in order to increase our current savings contribution - we would like to start a family in 2009.

My financial situation:
My wife and I are taking steps to reduce our high interest credit card balances.
We currently pay $1,600 a month to the credit cards (way above the minimum) in order to reduce the debt faster.
I found prosper.com and like the philosophy behind it and figured I would give it a try.

Together, my wife and I gross over $95k a year, our combined DTI is 24%...

Thanks for your time.
Borrower's Other Listings
130740 Need to pay off Credit Card - Honeymoon A $5,000 @ 9% Apr 30, 2007 Withdrawn
135601 Paid for wedding with credit card... A $10,500 @ 12% May 12, 2007 Expired
140684 Pay off credit card we used for Ring/Wedding/Honeymoon A $10,500 @ 12% May 24, 2007 Expired
267583 Payoff High interest Credit Card AA $25,000 @ 11% Jan 18, 2008 Expired
271435 Payoff High interest Credit Card AA $24,000 @ 13% Jan 25, 2008 Expired

 

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