My loan for debt consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | AA | DTI: | 3% |
| Lender Rate: | 7% | Borrower: | CapitolLending |
| Finished | State: | KY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2010-12-10 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Dec 10, 2010 | Current |
| Apr 27, 2011 | Payoff in progress |
| Apr 30, 2011 | Paid |
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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 |
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