TAKING BABY STEPS TO FINANCIAL FREEDOM
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,200.00 | Status: | Loan created |
| Grade: | D | DTI: | 19% |
| Lender Rate: | 14% | Borrower: | mikkiec |
| Finished | State: | OK | |
| Funded: | 100% | Group: | FUTURE FINANCIAL FREEDOM |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-02-28 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Feb 28, 2007 | Current |
| Nov 08, 2008 | Payoff in progress |
| Nov 14, 2008 | Paid |
|
Taking baby steps toward being debt-free, starting with my highest-interest loan and building from there to pay off other credit card debt. I am a professional with a stable work history, at my present company for five years. Having come through a bankruptcy and divorce nine years ago, and a layoff from my previous job five years ago, I have worked my way up to buying a house this past spring, and am now focusing on reducing my high-interest debt so I can look forward to retirement with a more secure financial position. Currently, I am seeking a Prosper loan to pay off my Dell computer balance of approximately $1200. Their interest rate is very high at 29%, and the monthly minimum payment on the loan is $34/month. Following is a summary of my current financial position: Yearly Income: $32,000 (take home approximately $1800/month) Current Monthly Expenses: House Payment: $553 Car Insurance: $95 Phone/Internet: $70 Utilities: $150 Food: $125 Gas: $50 Credit card payments: $474 Misc.: $100 Total: $1,617 Available to pay off Prosper loan: $183/month With a lower-rate loan from Prosper which has a payment of just a few dollars more than Dell?s minimum payment, I will easily be able to pay off the Prosper loan balance earlier than the 3-year term, and start attacking the next high-interest loan. Thank you for your assistance! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 97365 | TIRED OF TREADING WATER!!! Reducing high-interest debt. | D | $4,000 @ 14% | Feb 10, 2007 | Withdrawn |
| 97474 | TIRED OF TREADING WATER!!! Paying off high-interest debt. | D | $4,000 @ 15% | Feb 10, 2007 | Withdrawn |
| 230288 | WRONG CARD = BAD NEWS!!! | D | $3,900 @ 16% | Nov 11, 2007 | Loan created |
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