Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 18% |
| Lender Rate: | 10% | Borrower: | sjmea530 |
| Finished | State: | CT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-03-03 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Mar 01, 2008 | Current |
| Mar 15, 2011 | Paid |
|
I am 26 years old and 1 year ago I created my first listing with the
intent of paying off credit cards and eventually buying a home. The
advice ( mostly common sense i hate to admit) I received here was
priceless. I got my priorities in order and was able to not only pay
off all of my debt but to also purchase a condo in a small time frame. Purpose of loan: This loan will be used to pay off my my 401k loan. I borrowed from my 401k to purchase my condo. I borrowed $5000 and have $225 deducted against my every paycheck for the next year to ensure I pay this back quickly. I have budgeted for this deduction and will have my 401k paid back with one year without this loan. I also just recently borrowed $5000 against my credit card at 2% interest. I have not touched this money but need to have emergency funds in case something unexpected comes up. (I did not know at the time I could take a second loan from Propser.) I have not missed a payment on my first loan and it is only $32 a month.) My HSBC account has a higher interest rate as of now and am making money on the loan. The rate rises at the end of September to above 20%. I feel comfort knowing I have money put aside in case something happens. I receive bonuses once a quarter of about $2500 dollars and plan to use that to pay off this credit card if I was not able to receive a loan from Prosper. My financial situation: When I repay my 401k that will free up about $450 a month which can be used to pay back this prosper loan and start saving for some minor home improvements. Thank you for the interest in my listing. I am also rate capped in CT as 10.30 or would have picked a higher interest rate with the hopes of bidding down. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 95339 | Cutting Debt | D | $9,000 @ 10% | Feb 08, 2007 | Withdrawn |
| 99220 | Paying off high interest Credit Cards. | D | $1,000 @ 10% | Feb 13, 2007 | Loan created |
| 421755 | Back for more. | A | $4,500 @ 10% | Oct 26, 2009 | Loan created |
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