Debt Consolidation/Reduce Intrest Rates
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,550.00 | Status: | Loan created |
| Grade: | D | DTI: | 10% |
| Lender Rate: | 16% | Borrower: | Odaran |
| Finished | State: | MI | |
| Funded: | 100% | Group: | Have Money - Will Bid |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-04-11 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Apr 11, 2007 | Current |
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Quick Summary: I want to consolidate credit cards and reduce interest. I am newly divorced(6/06) and want to merge debt. I am a single father with full custody and working full time, my sister baby-sits when I am at work. I have not had any issues paying my bills since the divorce. The only delinquency on my credit report is a collections agency regarding a townhouse my ex-wife and I used to rent. The lease was in both our names and it shows on my credit report. I am making monthly payments to them. More in-depth information is listed below. There is a 4000 character limit so I cannot put everything that I wanted to. Please feel free to ask any questions. Credit History:Ch. 7 bankruptcy(1999) discharged(2000). In 6/06, I took control of my money. My ex-wife moved out in 7/06, I have not had any late payments since. The debt is what remains from the marriage. The "Now delinquent" is a collections account for a townhouse that we had rented. I did not find out till the divorce and was surprised to find it when I got my credit report. Income:I work full time at $13.21/hr. After deductions, I get about $800 per check. I receive $300/mo in rent from my roommates. Debts (current as of 3/22/2007): Due / Interest / Minimum Capital One: $267.46 29.24% $15 Household Credit Services: $282.69 28.24% $15 Dell: $1,700.00 29.99% $54 Dental*: $440.12 N/A $25 Collections**: $594.80 N/A $25 * Paid to the dentist. No minimum or interest. ** Townhouse collections described above. Monthly Bills: Gas, electric, water, etc: $824.23 Extras: Daughter's Dance Lessons, groceries, gasoline, ect: $681 Total Expenses: $1638.23/mo Income - Expenses = $1,900.00 - $1,638.23 = $261.77 left over per month As you can see, this loan is not urgent or needed for an emergency. It's for consolidation and lower interest. I will be paying a little less a month. The money will pay off all everything under Debts. I know how important a good credit rating is and will make the Prosper loan a top priority. I have made my mistakes in the past, but have learned from them as well. Thank you for viewing my listing, Odaran |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 113853 | Bill Consolidation/Interest rate reduction | D | $3,535 @ 18% | Mar 21, 2007 | Expired |
| 277134 | I want to Lower my Prosper intrest rate | C | $2,500 @ 10% | Feb 07, 2008 | Expired |
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