Down with the Credit Card Companies! (DTI is incorrect)
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 28% |
| Lender Rate: | 9% | Borrower: | ramts78 |
| Finished | State: | UT | |
| Funded: | 100% | Group: | BORROWERS - Free instant Listings - LARGEST GROUP |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-04-10 | EricsCC ROI: | 6% |
| Status History | |
|---|---|
| Apr 07, 2007 | Current |
|
I am re-listing this loan at a higher rate. Thank you for the support on my first loan! I am looking to consolidate, and GET RID of all my credit card debt and credit cards. I have a couple of high interest cards (23% and 17%) that are going to "do me in" if I don't do something about it soon. My plan is to consolidate and then open a Savings account with high returns so that I can start putting money away for future needs, instead of relying on the Credit Cards for those needs. My DTI is incorrect because Prosper doesn't take into account my second job as a bartender. I take home $1800 a month on average (from 2 jobs), PLUS about $1000 a month in tips. I also have a housemate and we split the bills. The Prosper loan will be used to pay off 3 credit cards (Banana Republic = $300 @ 23%, Visa = $800 @ 17%, and an American Express = $4,500 @ 10%) The $1,400 left over from the loan will be used to 1) open a money market/savings account, 2) pay back a friend who loaned me $400. My monthly balance sheet looks like this: Job 1: $1,200 (after taxes) Job 2: $500 (after taxes) Job 2 tips: $900 on average -------------------------------- Total $2,600 Rent: $375 (my half) Utilities: $200 (my half) Truck loan: $205 Other Bills: $500 (insurance, etc.) Food: $200 (my half) Entertainment: $200 Clothing: $100 ------------------------------- Total $1,780 That leaves me $820 left over each month to pay back my Prosper loan and anything else that might pop up. Three of my monthly bills (credit cards) will go away since I am using the Prosper loan to pay them off ? and I plan to not use them again. I'm a safe bet! I always pay my bills FIRST and ON TIME. ALWAYS!!! I've lived in the same place for almost 3 years. I've worked the same jobs for 2 1/2 years. I have some realistic financial goals, and I'm determined to see them fulfilled. Thanks for your time and support! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 109541 | getting rid of high interest Credit Card Debt. Please Help | AA | $7,000 @ 8% | Mar 11, 2007 | Expired |
| 112601 | Pay off high interest CC; DTI incorrect | AA | $7,000 @ 10% | Mar 18, 2007 | Withdrawn |
| 114208 | Pay off high interest CC; DTI incorrect | AA | $7,000 @ 10% | Mar 21, 2007 | Withdrawn |
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