Help Pay off High APR Car Loan

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Listing Information
Amount: $4,500.00 Status: Loan created
Grade: C DTI: 13%
Lender Rate: 15% Borrower: StaciM
Time Left: Finished State: GA
Funded: 100% Group: PsychDoc's Group
Loan Information
Loan Status: Paid Origination Date: 2006-05-08 EricsCC ROI: 14%
Status History
Jul 12, 2006 Current
Mar 18, 2007 Payoff in progress
Mar 23, 2007 Paid
My past credit woes are largely the result of an automobile accident that happened in January '03.  I spent 3 weeks in the hospital, and more than 3 months in physical therapy.  I did not have disability coverage thru my employer, and lost alot of income due to not being able to work.  I fell behind on everything.  In the end, however, I got back on my feet (literally-I had suffered broken legs) and gained a new appreciation for family and friends. It was a long, difficult journey, but I managed to regain financial stability. 

As you can see, all of my credit obligations are in good standing.  My last delinquency was resolved in June 2005, when I brought my student loans current. 

So, why am I here looking for a loan?  Last year, I ended up in a situation where I needed a car & had no option other than subprime financing.  While I made a good deal on a used vehicle (I think so, at least) I did not do so well in terms of financing.  I'm paying more than 25% APR and after 6 payments the principal has hardly changed.  I would like to refinance and get out from under that horrible interest rate. I have been approved for a loan thru my credit union, but they will only loan 70% LTV and I presently owe more than that.  When I found Propser.com, I thought this might be the answer to my dilemma. 

I am not looking to take on new debt.  Rather, I'd like to pay off what I owe at better terms.  In the end, the Prosper.com plus credit union loan payments combined will be roughly the same as what I am paying now as for a car payment.  I would prefer to pay a reasonable interest rate to an individual or group of individuals who would be willing to help me out, than to continue paying an outrageous interest rate for another 4+ years.

Thanks for your time, and for considering my request.
Borrower's Other Listings
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7749 Consolidate at better APR C $8,500 @ 13% Apr 25, 2006 Withdrawn
7792 Help us get rid of high APR car loan C $4,000 @ 12% Apr 25, 2006 Withdrawn
8173 Help get rid of high interest car loan C $4,500 @ 13% Apr 25, 2006 Withdrawn
122499 Vehicle Repair B $3,210 @ 9% Apr 12, 2007 Loan created
275155 Mama Needs New Clothes B $3,333 @ 9% Feb 02, 2008 Loan created

 

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