DTI Incorrect, Paying Off Credit Cards

| Listing Information | |||
|---|---|---|---|
| Amount: | $21,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 10,000% |
| Lender Rate: | 17% | Borrower: | TinkFan |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-04-27 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Apr 27, 2007 | Current |
| Feb 13, 2008 | Payoff in progress |
| Feb 16, 2008 | Paid |
|
Purpose of loan: To pay off high interest debt. After paying off all of my credit cards, I will apply the rest to my second mortgage so I can get a better rate when I refinance. My financial situation: My husband and I own two cars free and clear. My DTI is that way because I only work part time and my husband works full time, and I can't use his income for this listing. The credit card debt is from when we were both in college and supporting ourselves. My monthly budget: Mortgage/rent: $969 Insurance: $55 Car expenses: $30 Utilities: $200-250 Phone, cable, internet: $100 Food, entertainment, clothing, household expenses $450 Credit cards and other loan payments: $500 (we pay extra) Other expenses: $200 (student loans) --------------------------------------- Total monthly expenses: $2554 (estimated) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 272086 | Refinance Current Prosper Loan | AA | $12,500 @ 11% | Jan 28, 2008 | Loan created |
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