Last Try! 3rd Loan, Great Rate!
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,650.00 | Status: | Loan created |
| Grade: | B | DTI: | 76% |
| Lender Rate: | 15% | Borrower: | JCJanko |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2009-10-19 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Oct 21, 2009 | Current |
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Thanks to all who bid on the last listing. I looked over the numbers and decided on the highest rate I would accept a loan, which is what I am paying on the card. If not this time, I'll have to just pay down the card like I've been doing. I'd like to save some money and not reward the credit card for raising the rate (although I can't fully blame them with where banking is at right now). Here's a quick summary of my first two loans for those who don't have time to go back: -Got sick while in college and ran up debt for doctor visits and procedures -After getting healthy started working in collections -Have now worked at State Farm corporate headquarters for almost five years -Got first loan and organized debts, decreased APR's, refinanced home -Got second loan to pay off the first to decrease payment amount and APR -Have been paying down debt ever since As you can see, since my last loan I have paid down a great deal of debt. Now that banks are raising rates to astronomical numbers, I feel it would be best if I converted some more of that debt into a fixed interest loan. My situation is nearly exactly the same as my last loan with a few exceptions: -Less debt -Increase salary -Much lower APR's on revolving debt -I am now back in school while working FT -I have a $1500 money market account for an emergency Most of my debt right now is at a fixed rate because I took advantage of some balance transfer offers (for the life of the loan) knowing that rates would rise, so this will cut into the remaining. This will pay off one credit card at 23% APR (just got jacked up for no negative reason). The average APR of my debts now is about 8%. I want to keep it around 10%. For reference, I am NOT paying off my current loan with this one. I may be paying it off with my tax refund at earliest. Feel free to ask any questions, but that should cover it! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 104782 | Payoff Discovercard | D | $9,999 @ 25% | Feb 28, 2007 | Withdrawn |
| 105586 | Debt Consolidation: ZERO Chance of Default | D | $25,000 @ 21% | Mar 02, 2007 | Loan created |
| 176595 | DTI Includes Last Prosper Loan! | A | $15,000 @ 12% | Jul 26, 2007 | Loan created |
| 396206 | Pay Down More Revolving Debt | B | $7,650 @ 12% | Sep 04, 2009 | Withdrawn |
| 423492 | Pay Down More Revolving Debt | B | $7,650 @ 16% | Sep 10, 2009 | Withdrawn |
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