Learning to use Prosper

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Listing Information
Amount: $1,200.00 Status: Loan created
Grade: B DTI: 9%
Lender Rate: 9% Borrower: SamuelChee
Time Left: Finished State: IL
Funded: 100% Group: 435 Supporting Lenders - Get FUNDED @ LOWER % than ANY group
Loan Information
Loan Status: Paid Origination Date: 2006-08-25 EricsCC ROI: 8%
Status History
Aug 28, 2006 Current
Sep 27, 2006 Payoff in progress
Sep 29, 2006 Paid
Hello,

Thank you for looking at my listing.  I am looking for funding because I want to learn how borrowing works on Prosper.  Also, my credit card offered me a low 2.99% APR.  But I have small balance on the card and payments will go to my lower APR before the higher one.  So I am going to use part of this loan to remove this small balance so I can use this 2.99%.  The remaining balance, I am going to put into my IRA.  Currently it has returned 3% and I have only done it for a month.  So I hope this can last and it would out way these monthly payments.

I am a finance major and I know how to handle my money.  I have only missed one credit card payment in my life because I was on vacation and forgot to send it out.  Other than that, I have always paid on time.  I have enough money to cover the monthly payment.

Thank you for your time.
Borrower's Other Listings
72749 Investor looking to use funds in the stock market C $2,000 @ 11% Dec 10, 2006 Loan created
286062 Paying for College. 2 months away from graduation C $5,000 @ 15% Feb 29, 2008 Loan created

 

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