Consolidate ALL Credit Card Debt

Click Here to view this listing on Prosper
Listing Information
Amount: $8,000.00 Status: Loan created
Grade: D DTI: 27%
Lender Rate: 19% Borrower: SwimMom2Boys
Time Left: Finished State: CA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Paid Origination Date: 2007-04-03 EricsCC ROI: 18%
Status History
Apr 03, 2007 Current
Oct 01, 2008 Payoff in progress
Oct 07, 2008 Paid
I would like to consolidate my Credit Card debt into one loan. This will enable me to save money in the payments, interest and annual fees. I will save over $1900 in interest and annual fees and will be paying off 2 years earlier than if I paid the minimum amount due.
By consolidating I will also bring up my Credit Score (see picture in profile for current Experian Credit Score) so that I can purchase a home. When I received my raise on January 1, 2007 the amount of taxes that I will owe increased significantly from what was due in 2006.
2007 Gross Monthly Income: $4912 Net $3444 = $1468 Difference
2006 Gross Monthly Income: $3765 Net $2588 = $1177 Difference

By purchasing a home I will be able to save money in taxes and have a family home. I have not been late on any payments in the last seven years. I get paid on the first of every month and make all my monthly payments at that time. After all bills are paid remaining balance of my check is what I live on for the rest of the month. Grocery, fuel and miscellaneous money is budgeted throughout the month.

Inquiries:
1/5/07- Capital One Auto Finance- I made an attempt to refinance current car loan at a lower rate of interest, it is currently 14.95%, was offered 11.95% it was only an $18 reduction so I decided to wait.
12/31 and 1/1/07- I looking for a vehicle with my Fiance. When we made any offers to car dealers our credit was checked. We already had a Blank Check from Capital One.
12/28 - Capital One Auto Finance resulted in Blank Check auto Loan 8.95%
11/20- Payday Loan ($400 loan was paid off)

Credit Card Monthly Payments
Dell - $20 Bal- $553 - 29% APR (Pay off with Prosper)
Capitol One - $75 Bal- $2430 - 23.9% APR $49 Ann.Mem Fee (Pay off with Prosper)
Household - $50 Bal- $677 21% (Pay off with Prosper)
Merrick Bank - $50 Bal- $1550 - 23.2% APR (Pay off with Prosper)
Wash Mutual- $75 Bal- $1794 - 22.99% APR (Pay off with Prosper)
USAA Bank - $20 Bal- $353 - 21.15% APR (Pay off with Prosper)
Total Credit Cards $290 Pay Off Amount- $7357

2006 Tax due to IRS Due 4/15/07- $485
Total Balance Due IRS +CC Bal - $7842
All Credit Card Debt will be paid off with Prosper Loan of $8000

Other Monthly Expenses
Rent - $950
Car - $488
Insurance -$89
Childcare -$150
Cell phones -$89
Utilities - $226
Boys 529 Plan -$125
Groceries -$300
Fuel - $120
Boys sports fees -$100 average per month is my share - ex-husband pays 1/2 the expense.
Total Monthly Expenses = $2637
+$290 Credit Card Payments
Grand Total= $2927
Before Prosper Loan
Income = $3444
Expenses= $2927
Remaining +$517 Clothing and miscellaneous expenses.

NO Credit Card payments they will be replaced by Prosper Loan payment -$301.40
Other Monthly Expenses = $2637
Prosper Loan Payment = $301
Total Expenses $2938
After Prosper Loan
Net Monthly Income = $3444
Remaining = +$506 Clothing and miscellaneous expenses.
Making my payments on time is always my highest priority. By funding my loan you are making an excellent investment and you will not be disappointed.

Please see My Profile for additional information.
Borrower's Other Listings
104900 Freedom From the Bondage of DEBT D $9,000 @ 14% Mar 01, 2007 Withdrawn
105240 Freedom from Bondage of DEBT D $9,000 @ 14% Mar 01, 2007 Withdrawn
113736 High"D" Consolidate ALL Credit Card Debt D $8,000 @ 21% Mar 20, 2007 Withdrawn
311157 Protect my Boys and cut my losses! B $8,500 @ 19% Sep 13, 2008 Withdrawn
398367 Pay Attorney for Annulment B $8,500 @ 20% Sep 14, 2008 Withdrawn
401750 Pay off Inherited Debt and Attorney Fees B $10,000 @ 19% Sep 21, 2008 Loan created

 

Discussion For This Listing
View Recently Discussed Listings »

No Comments Found For This Listing

Post A Comment
You must be logged in to post comments on listings. Not yet a member? register here