Credit card refinancing


Borrower Member Loan 471032 | Lending Club Prospectus

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Amount Requested
$12,000
Loan Purpose Credit card refinancing
Loan Grade A4
Interest Rate 8.59%
Loan Length 3 years (36 payments)
Monthly Payment $379.33 / month
Funding Received $12,000 (100.00% funded)
Investors 216 people funded this loan
Loan Status Fully Paid
Loan Submitted on 12/22/09 7:47 PM

Borrower Profile

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Loan Description

Borrower added on 12/22/09 > Paying off credit card at better rate
   

Questions & Answers

Q: You're only showing a RC of $2.8 K what is the rest of the money for? What are the rates on this debt? What are your monthly payments? What is your back up plan to pay off this loan if you lose your job?
A: (12/23/2009-06:20) - RC is showing up incorrectly. Full requested amount is to consolidate RC. Backup would be to borrow from family or use collateral. As a therapist in practice I can't lose my job; I could only chose to stop practicing.

Q: Please respond to the following: What type of therapy do you provide? Degree? Are you the sole wage earner in your household or is there another? If there is another, what is your combined income? So we can understand how this will fit in to your budget, please give us an idea of your monthly bills, i.e., rent/mortgage(s), car, food, other loans, etc. What are the interest rates and minimum monthly payments of the debt you will pay off with this loan? Do you have a second mortgage or HELOC? If so, what is the balance and monthly payment? In the case of a job loss, what is your contingency plan to repay this loan? Thank you and good luck with your loan
A: (12/23/2009-10:21) - I work with a general population ages 14 and up; prefer to work with adults who were abused as children. MS degree, licensed in Pennsylvania. Domestic partner of 18 years; combined income roughly 100,000 but prefer to keep finances separate. Interest on current debt is 13.24%. No second mortgage; no car loan. My partner pays the mortgage and would pay this as well if needed, just prefer to do it on my own.

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Featured Borrower

Andy

"The interest rate on my loan through Lending Club is a third less than what I was paying before, and it’s very satisfying to know that there is an end date for being done with my debt."