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Prosper Lender Wants short loan

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Listing Information
Amount: $10,000.00 Status: Loan created
Grade: A DTI: 14%
Lender Rate: 12% Borrower: Rodneywa2002
Time Left: Finished State: WA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-08-19 EricsCC ROI: 11%
Status History
Aug 19, 2008 Current

Purpose of loan:
This loan will be used to pay off a TSP loan (like a 401k)
$7800 at 4.5% 4 years left on loan
I would then wait 60 days till I can borrow from my TSP again and take out another loan for 5 years, current interest rate is 3.875% proccess fee is $50. And then pay off my Prosper loan. So I would probaly not have this loan more than 90 days.
the $$$ past $7800 would go to pay some card debt that the promational 1 year no interest is about to run out.
Now I know some people would prefer the loan to full term but a short term loan paid off is still a good thing.

Recently funded for $25000. didn't take loan. plans changed. Decided to do a lease to own at least for a while. and I wasn't thrilled with the amount a month I would have had to pay. This loan is well within my budget.

Borrower's Other Listings
366596 Down Payment on a House A $25,000 @ 20% Jul 23, 2008 Cancelled

 

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