First Loan Funded in November

I have funded my first loan in the month of November. The listing information is as follows:

Debt Consolidation Listing #225073 - $5,000.00 @ 10.00%

A credit grade - Homeownership not verified - Bank Account verified

Now delinquent:	0	First credit line:	Apr-1982	Employment status:	Full-time
Amount delinquent:	$0	Current / open credit lines:	5 / 1	Length of status:	1y 7m
Delinquencies in last 7y:	0	Total credit lines:	13	Income range:	$25,000-$49,999
Public records last 12m / 10y:	0 / 0	Revolving credit balance:	$5,586	Occupation:	Sales - Commission
Inquiries last 6m:	0	Bankcard utilization:	57%

Purpose of loan:
I would like to consolidate some 22% credit card debt to a manageable level.

My financial situation:
I have a steady income and work history. My credit rating is good because I pay all my debts.

Monthly net income: $ 2k

Monthly expenses: $ 1k
Housing: $ ***Borrower failed to fill in this field***
Insurance: $ ***Borrower failed to fill in this field***
Car expenses: $ ***Borrower failed to fill in this field***
Utilities: $ ***Borrower failed to fill in this field***
Phone, cable, internet: $ ***Borrower failed to fill in this field***
Food, entertainment: $ ***Borrower failed to fill in this field***
Clothing, household expenses $ ***Borrower failed to fill in this field***
Credit cards and other loans: $ ***Borrower failed to fill in this field***
Other expenses: $ ***Borrower failed to fill in this field***

Endorsements from Friends
We met professionally about 5 years ago. "xlr8profits" has always demonstrated to be a hard worker, fair, and accountable. I endorse "xlr8profits" 100%!

-GardenCity, Nov-05-2007

Borrower APR:	10.69%
Mo. payment:	$161.34 (3y loan)

There were 45 total bids on this listing it was a AF ( Auto Fund ) which most lenders stay away from. I really don't have a issue with AF loans. There are a few reasons but most of all its a locked in rate that you do not have to fight for and the default rates are minimally different from standard 7 day listings.

The Reason I chose this loan is that its a little above the average rate for this credit grade. The borrower has had perfect credit history since 1982. They have manage to pay the bills without fail since then. I really don't care how they pay them as long as they are paid. If someone has to go hungry and thats how they pay the bills great. All I know is that somehow this borrower manages to pay the debt they take on. With that kind of track record and offering the right interest rate I felt it was a good time to place a bid.

I feel this is a strong leg to place in my portfolio and these are needed to get me through the Holiday season if for any reason someone was to go late or even default these strong legs will hold the ground.