Consolidate debt to lower interest rate!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 23% |
| Lender Rate: | 11% | Borrower: | jenara |
| Finished | State: | TX | |
| Funded: | 100% | Group: | MONEY DIES |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-04-09 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Apr 07, 2007 | Current |
|
Hi everyone! My name is
Jennet, I'm 22 years old and I'm looking to consolidate my debt. If
you have any questions, I'd be glad to answer them as honestly as
possible. For more information about who I am, check out my profile. Goal I'd like to get rid of my debt! It's taken me 3 years to get this debt accumulated, and I'd like to spend another 3 paying it off so I can rest and relax. I got my spending under control by following a budget for the past year, now that I know I won't get into more debt I'd like to consolidate so I can move on. Why this loan will help me Right now I have approximately 6016 dollars worth of debt tied up into 2 credit cards and 2 credit lines (one for a dentist's office, the other for a car repair shop). All of them are fairly under the limit, and I've been paying a little over the minimum for a while now. If I got a loan through prosper to pay off my credit lines, I'd be guaranteed to have it paid off in 3 years. It would cut my 4 payments down to one, and while it would not change the amount I pay every month, it would make most of my payment become principle, instead of interest. I'd like to take the rest of the money to get a laptop. I had my last computer for 5 years before it died and I don't need much ? just something simple so I can edit photos, keep a journal, take a few classes online and maybe get back into writing. Monthly Income/Spending My monthly income that I receive is 1800 dollars. I also work overtime at my job when it is available, so often it is higher. I do not budget according to the overtime though? the extra money goes towards things like visiting my boyfriend, helping out my little brother, or paying a little extra on my debt. Rent: $425.00 Electricity: $50.00 Car Payment: $240.00 (minimum is 220) Car Insurance: $90.00 Cell phone: $100.00 Gas: $200.00 Netbank Credit Card: $50.00 Care Credit Line: $60.00 Car Care Credit Line: $30.00 Bank of America: $60.00 Food for me and the cats: $200.00 Gym Membership: $30.00 World Vision: $35.00 (I sponsor a child named Alewyia in Ethiopia) Savings: $25.00 Total spending: $1595.00 As you can see, I am not spending more than I make. My credit card debt is not out of control, but it is a problem that I'd like to correct. This loan would take care of the Netbank card, the Bank of America Card, and the two credit lines. I love Prosper, what it stands for and what it is. I've lent money to a few people ? small amounts here and there to try it out ? and now I'm hoping I can experience the other side of this great process. The monies obtained by this loan will replace what I'm paying on my debt now, so I'll have no problem paying it off. I have never ever been late on a payment I have agreed to make, and I do not intend to start now. Thanks for taking the time to review my listing!! |
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