Paying off high interest loan

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Listing Information
Amount: $14,000.00 Status: Loan created
Grade: A DTI: 10%
Lender Rate: 12% Borrower: Want-to-be-Lender-next
Time Left: Finished State: IN
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-09-23 EricsCC ROI: 11%
Status History
Sep 20, 2008 Current
Purpose of loan:
This loan will be used to pay off a variable interest loan, where the interest rates have increased from 11 to 12.5% in a short period. I am expecting further increase on the interest rate. I want to pay it off fully and convert it to a fixed interest loan here.

My financial situation:

Monthly Net Income: $3900

Monthly Expenses:
Housing : $550 (Rent)
Car Insurance: $45 (own Car)
Gas Expenses : $100
Utilities: $100
Phone/Cable/Internet expenses : $160
Credit card/loan payments: $400
Food, household, entertainment etc., : $500

Total expenses : $1855.

I am a good candidate for this loan because I am employed very well, earning good money. I just want to pay off the variable interest loan, since the interest rate keeps going up recently. Never missed a payment, I did not have to. Thanks for looking.
Borrower's Other Listings
393901 Paying off high interest loan A $14,000 @ 11% Sep 06, 2008 Withdrawn
396759 Paying off high interest loan A $14,000 @ 14% Sep 11, 2008 Withdrawn

 

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