Relist - Pay Off Payday Loan and Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | HR | DTI: | 50% |
| Lender Rate: | 22% | Borrower: | Jerot |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Psalms 1:1-3 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-05-07 | EricsCC ROI: | -47% |
| Status History | |
|---|---|
| May 05, 2007 | Current |
| Oct 23, 2007 | Late |
| Nov 08, 2007 | 1 month late |
| Dec 08, 2007 | 2 months late |
| Jan 08, 2008 | 3 months late |
| Feb 08, 2008 | 4+ months late |
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I?m the oldest in the family of three. We?re all living in the same 2-bedroom apartment where we split all the expenses equally. Everybody works so it helps out with the bills quite nicely. I'm currently working as a full-time driver for a courier company contracted by Ontario International Airport in California delivering lost passengers luggage and delivering high confidentiality documents for local businesses during the day and freelancing at nights and weekends doing interpreting and translating assignments. I absolutely love my jobs! A year ago in May 2006 my father passed away and we?re responsible to pay for his hospital, ambulance and funeral bills. We had no medical insurance and funeral insurance to cover all the costs. We had to borrow from families and friends and used up the credit cards. I had to get cashcall payday loan to cover some of the left over bills. Cashcall was the only option that time in spite of high rate. I am asking Prosper for help! Purpose of Loan: I would like to obtain a loan to pay off payday loan and credit cards. The funds will be used to pay off $2500 @ 98.91% interest CashCall payday loan and also to payoff high APR credit cards of $1500. My Credit Rating: I?ve had credit problems in the past and all were paid in full satisfactorily but unfortunately still remain in the credit profile. For the past years I have been working on rebuilding my credit profile. During that time I have never been late on a payment. My record will also show I have high balances on most of my credit cards, however I am currently paying the monthly minimum to keep them current. My Income: My current job as a driver, I bring in between $2200 - $2800 per month gross income. I also bring in an average of $500 a month net income from freelancing job. I have been working as a driver for a year now and been doing freelancing for the last 3 years. I pay all of the bills on time before anything else. I will provide proof of income when needed. My Monthly Budget: 1. Rent: $450 per month 2. Car + Insurance: $650 per month 3. Utilities: $50 per month 4. Cell phone: $50 per month 5. Food, hygiene, and entertainment: $150 per month 6. Pacific Monarch Timeshare: $343 per month Personal Payday Loan: 7. CashCall $2500 @ 98.91%: $216 per month Credit Cards Balances, APR and Monthly Minimum: 8. Bank of America Visa $519 @ 23%: $21 per month 9. Conoco Phillips 76 Gas $584 @ 24%: $28 per month 10. Credit One Bank $993 @ 20%: $36 per month 11. Plains Commerce $1062 @ 20%: $31 per month 12. Orchard Bank $406 @ 30%: $22 per month 13. Crown Diamonds $1095 @ 18%: $108 per month --------------------------------------- Total monthly expenses: $2180 per month. Total take home income: $2900. If I can pay off cashcall and credit cards and only have the Prosper bill, I would be left with approximately $1182 per month. Conclusion: I live with my family and we split the $1200/month rent into 3 of us and my share is only $450. I also own a timeshare with Pacific Monarch and when it is available for sale within the next 3 years for a good profit, I will use the money to payoff Prosper bill. I am a dependable and hard-working person. I?ve learned from my mistakes in the past and it?s not going to happen again. I believe that I am capable of making the payment and paying this loan will be my first priority every month and I?m committed to paying this loan on time. Please help me |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 116086 | Paying Off High Interest Credit Cards | HR | $5,000 @ 15% | Mar 27, 2007 | Withdrawn |
| 116089 | Paying Off High Interest Credit Cards | HR | $5,000 @ 20% | Mar 27, 2007 | Expired |
| 119785 | Paying Off High APR Debts | HR | $3,000 @ 26% | Apr 06, 2007 | Expired |
| 123165 | Payoff Payday Loan and Bills | HR | $5,000 @ 26% | Apr 13, 2007 | Withdrawn |
| 125457 | Pay Off Payday Loan and Credit Cards | HR | $7,159 @ 29% | Apr 18, 2007 | Withdrawn |
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