RELIST -- Started CC racket at 40, now I want out!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,950.00 | Status: | Loan created |
| Grade: | C | DTI: | 32% |
| Lender Rate: | 14% | Borrower: | creativesoul |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | Lend2's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-03-20 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Mar 17, 2007 | Current |
| Jun 10, 2008 | Payoff in progress |
| Jun 14, 2008 | Paid |
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I am re-listing this loan request for a lower amount with a higher interest rate to close one credit card account. Please see my description for personal information. My debt was incurred when my wife and I started a Gallery. I maxed out my credit cards with a plan to pay off the balances within three years. Unfortunately, the interest rates went up with no explanation, and that extended my pay off schedule. As far as my income, I am a full time artist. I have a program set up for my career involving direct sales at Museum marketplaces, exhibits, internet sales and sales through my wife?s gallery in Sedona, AZ. We have a website for both the gallery and myself, both of which I manage. This combination provides me with a steady and consistent income. MONTHLY INCOME - after taxes: $2,200 HOUSEHOLD BILLS/monthly: Mortgage: $461 Utilities $130 Auto Insurance $140 Phone/Internet $ 80 Food $150 Credit cards $466 (6 cards/$23,800 available credit with a balance of $17,120) TOTAL $1,427 (that leaves me with $773.00 a month) Of the 6 credit cards that I have, I budget myself to pay $705 monthly -- although the minimum payment required is only $466. The card I wish to pay off with this loan is currently budgeted at $200 per month, that?s about $24 less than what Prospers payment calculation would be, but I am also closing another account that is budgeted at $50 per month. In summation, my budget would basically remain the same, other than a loss of the two additional years of a $200 a month payment, and the establishment of an installment loan on my credit history is the added benefit. Thank you for your consideration. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 99123 | Started CC racket at 40, now I want out! | C | $10,000 @ 16% | Feb 13, 2007 | Withdrawn |
| 316334 | Refinancing current loan and high interest rate cc | A | $7,600 @ 11% | May 16, 2008 | Loan created |
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