I was just notified that my loan through Lending Club was issued. 84 lenders for a total of $14,000 at 12%. This means I can not only transfer my Bank of America (29%) balance, but also my Washington Mutual (just adjusted to 28%) balance. I did the math, and this new loan with save me 4 GRAND in interest. As you can imagine, I am beyond thrilled.
The loan was set up for 3 years, but once I get the other balances (totalling around $8K) paid off, I will increase my loan payments, hopefully shortening its length.
I will be posting about any adjustments in my budget shortly. Just wanted to share!