Pay off higher interest debt
| Listing Information |
| Amount: | $5,000.00 |
Status: | Loan created |
| Grade: | A |
DTI: | 38% |
| Lender Rate: | 9% |
Borrower: |
newest-p2ploan-producer
|
| Time Left: | Finished |
State: | AZ |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| Current |
Origination Date:
| 2010-07-14 |
EricsCC ROI:
| 5% |
| Status History |
| Jul 14, 2010 |
Current |
|
This loan will be used to pay off a higher interest debt. I was under the impression that an 18 month note would mature at 8.9% and found out that the rate is higher than expected and thought Prosper would be a good way to refinance this debt at a more reasonable rate.I am a good candidate for this loan because I am employed full time and my debt to income ration as well as future cash flow supports my ability to pay back what is borrowed.I also own an investment firm which is in the process of closing some lucrative transactions within the next 6-8 months which further supports the health of my loan repayment. |
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