Lender becoming Borrower! I'd rather pay interest to you :)
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 14% |
| Lender Rate: | 6% | Borrower: | ekc12 |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-05-28 | EricsCC ROI: | 5% |
| Status History | |
|---|---|
| May 28, 2008 | Current |
| Jun 03, 2011 | Payoff in progress |
| Jun 07, 2011 | Paid |
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Purpose of loan: This loan will be used to? pay off a credit card that I'm carrying a balance on. I have one Bank of America card with a balance close to $4,000 with an interest rate of 13.9%. Although the interest rate is not an extremely high rate, I would prefer to lower it a bit and, of course, pay interest to people rather than the credit card company! I bought my two sons some bedroom furniture a few months ago. I used my B of A/US Airways credit card to get the "miles" and now am paying for those miles at 13% interest. Not really worth it. :) My financial situation: I am a good candidate for this loan because? I am responsible and pay my obligations. I have close to $100,000 equity in my house (the value based on current sales in the area) and my car is paid for. I have a stable job as a staff attorney, and it provides me opportunities to earn extra money if I put in extra hours. About a month ago, I found Prosper and have made several loans since then. I just recieved my first payment today. After seeing how easy the whole process at Prosper is, I thought, why not take out a loan and knock out that one credit card you have? So here I am! The picture I have posted is of one of my sons and I from about a year ago. He is now almost two years old and is a sweetie pie! |
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