Repairing My Credit Rating With Your Help

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Listing Information
Amount: $2,500.00 Status: Loan created
Grade: D DTI: 12%
Lender Rate: 14% Borrower: Cellend24
Time Left: Finished State: NJ
Funded: 100% Group: Everyday People
Loan Information
Loan Status: Current Origination Date: 2007-04-04 EricsCC ROI: 10%
Status History
Apr 03, 2007 Current
I'm looking to get out of debt early and let my credit work for me. Of my 2 DQs, the one for $299 has been paid and I'm awaiting verification of that on my credit record. The 2nd DQ is the reason for this loan. Due to a stupid mistake I made two years ago I have a DQ that I need help paying off. I bought a friend a cell phone and he never paid the bill. I was foolish enough to have the bill sent to his address so all subsequent collection inquiries were also sent there. If it were not for my group leader telling me to get my credit report I would never have gotten to the bottom of this situation.

I want to secure this loan to get out from under credit card debt and to pay off the one remaining DQ. I have plenty of liquid assets as I am a server in a high end restaurant making between $600 and $700 a week cash on average for the past 5 years. I have the payment on the first DQ vetted by my group leader. My group leader has also verified my income. I have never missed a payment on my credit cards and have not been late or over the limit in over 10 months. The reason the rates are so high is because a payment thats a day late or going over your limit by any amount is an excuse for the credit card companies to take your rates to 30+%. Since my last listing I have fully paid off my three highest interest credit cards and have managed to get one lowered to 16% instead of the crushing 31.99% i was paying before.

Budget:
Income $2400/mo+
$600/mo rent payment
$600/mo car insurance & car payment
$120/mo in gasoline
$150 in utilities (phone, electric, gas, and cable)
$200/mo for food/groceries and house hold incidentals
$300+/mo to entertainment

I have between $400 and $800/mo for saving and paying on my debts.

With this prosper loan I can pay off the cell phone collection and all my high interest credit cards, and pay less interest. I can pay early or let the loan go full term which ever you prefer. Thanks in advance.
Borrower's Other Listings
104083 Not too deep in debt, want to get out now not later. D $2,500 @ 15% Feb 27, 2007 Expired
106195 Need help w/ credit card debt. State locked at 15% D $2,500 @ 15% Mar 04, 2007 Withdrawn
111572 Repairing My Credit With Your Help D $2,500 @ 15% Mar 15, 2007 Expired

 

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