This year is really my year to magnetize money to my life!!! I have a few $25 loans over at Lending Club and I was sad to see one loan go into default a few months ago. The balance that the person owes me is about $20.00 and since I only invested what I could ‘afford’ to lose I was not too disturbed by that one account.
Then I noticed that one person decided to pay off his or her loan EARLY so I got $21.60 deposited into my Lending Club account in one month instead the usual $8.00.
Karma!!!!!!
I am paying off MY Lending Club loan early as well using a number of snowflakes and I should be through paying off that account at the end of this month. I will then use that money to snowball payments to my Citi visa because that is the next high interest balance that I am carrying.
I think that because I decided to pay off my loan early I am getting the good karma back in someone else paying off his or her loan early..with that amount being more than the account that is now in default.
I decided to roll that payment over into another $25.00 loan so I am inviting all the karma fairies to bless me with this new loan.
Would YOU have rolled the money into a new loan or would you just take the money and run? Talk it up in the comments!
Since it is money that you were ready to part with anyway and as long as you don’t have a pressing need, I don’t see any reason to not put it back in to a new loan.
That’s lending karma working for you. I think you are paying it forward to help somebody who is in the same situation you were when you took the loan. You rock!!
I’m with you – I would have rolled it into a new loan. Good call.
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