A new loan funded this afternoon (Debt Consolidation – Pay off cards to raise credit score (Loan #6205) — $24,000 at 19.10%). I participated via my standing order: High DTI — AF. Which is this loan was funded as a high debt to income ratio and was an auto-funding loan. The borrow had C credit and 37% DTI. As a reminder my standing orders only find loans with 0 current delinquencies, 10 or less delinquencies in the last 7 years, and 2 or less public records in the last 10.
With this loan I have $3,000 across 48 loans with an weighted average interest rate of 15.91%.
Here is the listing:
For the readers that believe in reading the actual description without modification:
I think this is another fine example of a quality standing order borrower and interest rate. What do you think?
If you liked this article, vote for it on del.icio.us and stumbleupon.