2nd november loan - Paying off a Personal Loan

I'm off to a great start in the month of November. I have funded two loans and both are meeting market standards for interest rates. I was lucky enough to get in at the right time and not get out bid. The second loan that I chose to fund was also a "A" credit grade.

Paying off a Personal Loan - Listing #224708

There were a total of 165 bids placed on this listing adn when it closed the lenders locked in a great 10% rate!

Here are the extended credit details from this listing

Credit Profile

A credit grade	Homeownership not verified Account verified			15% debt to income ratio
Now delinquent:	0	First credit line:	Jul-1997	Employment status:	Full-time
Amount delinquent:	$0	Current / open credit lines:	15 / 14	Length of status:	2y 7m
Delinquencies in last 7y:	6	Total credit lines:	30	Income range:	$50,000-$74,999
Public records last 12m / 10y:	0 / 0	Revolving credit balance:	$1,544	Occupation:	Computer Programmer
Inquiries last 6m:	1	Bankcard utilization:	5%

There were a few delinquency's that I generally try to steer clear of but 6 in 7 years is far better than a lot of others here on Prosper.com The debt to income ratio is very low here and looks liek the borrower can very much afford to repay this loan and can properly manage their available credit.

The Additional information that the borrower added in the desciption field added to me placing my bid on this listing.

Below is the description from the listing

Description

Purpose of loan: I'm asking for this loan to help pay off higher interest personal loan I took to combine my credit card debt. Since getting this personal loan from a banking institution, I've made inroads on all my other debt and this is the only high interest debt I have left. I'd like to pay this off with a Prosper loan to lessen the amount of interest I pay over the life of the loan. My financial situation: I am employed in a full-time capacity in the IT division of a higher education institution. In addition, I have a regular perlance (permanent freelance) assignment that helps me pay off debt. I don't live paycheck to paycheck, I pay all my bills on time, and I now manage my money well. Monthly net income: $ 3800 Monthly expenses: $ 3000 Housing: $925 Insurance: $ 40 Car expenses: $ 0 Utilities: $85 Phone, cable, internet: $125 Food, entertainment: $650 Clothing, household expenses $75 Credit cards and other loans: $1000 Other expenses: $100

Looking for my next loan to pass the Prosper.com review process. So far this month I find myself taking on little risk and looking for people that are refinancing current debt for lower payments and/or interest rates.