My loan for debt consolidation
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|Loan Status:||Paid||Origination Date:||2010-12-10||EricsCC ROI:||7%|
|Dec 10, 2010||Current|
|Apr 27, 2011||Payoff in progress|
|Apr 30, 2011||Paid|
Purpose of loan:
This loan will be used to consilidate two credit card debts into one loan at a better interest rate. One card has a balance of $2,500.00 at 11% interest while the other card has a balance of approximately $1,000 at 19% interest. My purpose for the consolidation is two fold: 1). Obtain one loan at a better rate to focus on retiring the debt completely, and 2) I want to see and explore first hand how prosper works from the borrowing side. A small loan of this size would be a good test. I may borrow again in the future for home renovation. I have been a lender in the past.
My financial situation:
I am a good candidate for this loan because I am financially stable with essentially a recession proof job (Multi-line insurance adjuster) that provides good income. My credit profile is close to as good as you can get. I am a financially frugal person with very little debt. With the exception of a 6 month interest free debt of $650 through Bill Me Later for a recent Christmas present purchased, there is no other debt other than what I have stated here and a primary mortgage on my residence of just less than $77,000.00.
|Borrower's Other Listings|
|553991||Debt Consolidation and Auto Purchas||A||$25,000 @ 9%||Jan 25, 2012||Loan created|