p2p lending at lending club
Paying off a High Rate Credit Card
Homeownership Verified

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Listing Information
Amount: $1,500.00 Status: Loan created
Grade: B DTI: 17%
Lender Rate: 10% Borrower: Chupe
Time Left: Finished State: TX
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Paid Origination Date: 2007-01-02 EricsCC ROI: 9%
Status History
Dec 30, 2006 Current
Jan 05, 2007 Payoff in progress
Jan 08, 2007 Paid
Hi,

Im new to this and decided I wanted to learn more about Prosper and through the process pay off part of my high interest credit card.

I have a very stable work history, working as a real estate programmer and have been employed for 13 years straight in the transportation industry doing IT management now programming for a real estate company.

I have a relatively good FICO - 719, and would like to get it up to 800.  My last 10 years have been perfect and Im waiting for one negative item from a rental property I owned in 1992 to fall off.  I am hoping transactions through prosper, ie borrowing and re-lending may improve my score.

Since I own a house this is a very good loan and do not really need the money but would like to create a few loans to get all my personal credit interest rates down to 12% or less (I have 2 credit cards outstanding with about $8000 in debt at 18%).  Since I am always doing home improvement, and options investing they continue to hover while I pay the big bucks to Providian.

Thank you for your consideration!

Rob
 
Borrower's Other Listings
91813 Paying off a High Rate credit Card B $7,500 @ 12% Feb 01, 2007 Loan created

 

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