PayDay Loan CRISIS
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,200.00 | Status: | Loan created |
| Grade: | HR | DTI: | 251% |
| Lender Rate: | 20% | Borrower: | teacher0101 |
| Finished | State: | OR | |
| Funded: | 100% | Group: | Life Changing Loans |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 3 months late | Origination Date: | 2007-03-26 | EricsCC ROI: | -38% |
| Status History | |
|---|---|
| Mar 24, 2007 | Current |
| Jun 11, 2007 | Late |
| Jun 21, 2007 | Current |
| Sep 11, 2007 | Late |
| Sep 29, 2007 | Current |
| Aug 12, 2008 | Late |
| Aug 28, 2008 | 1 month late |
| Sep 27, 2008 | 2 months late |
| Oct 27, 2008 | 3 months late |
|
Hi, my name is Abigail and I am a teacher. A few months ago I was in a financial bind and I fell into the Pay Day Loan trap. Now I am literally...TRAPPED!!! I am anxious to get out sooner rather than later. The amount of $4,200 that I am asking to borrow would help me to pay off the one credit card that I have and then the rest of my payday loans. They total to the amount of $1,569 at this time. The trap I have fallen into is the borrow one to pay down another, etc... it is a never ending cycle that I only wish now I had been fully aware of when I entered into it. The leftover funds I will use to payoff my carrying over cell phone bill that I am working to payoff as well. As one who may have been in my position knows, once one bill falls behind, it's a trickle effect on everything else as well. With my payday loans paid off with this loan, I would have one manageable payment here and then my rent payment of $683 dollars per month as well as my general living expenses. Furthermore, I would have nearly $600 dollars leftover in order to return the great favor doen for me to others here at Prosper. Water/Sewer/Garbage - $50/month Phone - 75/month Fuel - $100/month Prosper - $300/month Freedom Point - 304/month Rent - $683/month Student Loans - $164/month PLEASE consider me for this loan as I am desperately anxious to get back onto a stress-free mode with as little debt-concern as possible in my day-to-day life. Thank you in advance! Abigail C. Harvey |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 106274 | Getting Out of Debt, Finally! Please Help! | HR | $6,300 @ 20% | Mar 04, 2007 | Withdrawn |
| 106525 | Wanting out of DEBT!! | HR | $5,000 @ 21% | Mar 05, 2007 | Withdrawn |
| 106698 | Help Me Get out of Debt! | HR | $5,000 @ 21% | Mar 05, 2007 | Withdrawn |
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