Getting rid of high interest loan

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Listing Information
Amount: $10,000.00 Status: Loan created
Grade: A DTI: 19%
Lender Rate: 12% Borrower: chevy92
Time Left: Finished State: VA
Funded: 100% Group: Achieve Greatness
Loan Information
Loan Status: Current Origination Date: 2008-09-09 EricsCC ROI: 11%
Status History
Sep 07, 2008 Current
Purpose of loan:
This loan will be used to pay off a high interest loan. When I made this loan I was mistaken on the amount of interest attached to it, 20.5%! I know that is foolish and I truly feel that way.  At any rate I did it.  Although I'm quite capable of paying this loan at the interest rate it is, but I thought I might try lowering the rate by obtaining a Prosper Loan.

My financial situation:
My  financial  situation is good.  I have been on the same job for well over 30 years and I pay my bills.
Borrower's Other Listings
57683 Debit Consolidation C $12,500 @ 10% Nov 06, 2006 Withdrawn
60111 Getting rid of Revolviong Accounts C $12,500 @ 10% Nov 10, 2006 Expired
196674 Reducing Interest Rate A $5,900 @ 11% Sep 03, 2007 Loan created
293088 Reducing Interest Rate B $5,000 @ 8% Mar 13, 2008 Withdrawn

 

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