DEBT CONS.-PAYDAY LOANS-AFTER CANCER TREATMENT PAYMENTS
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 15% |
| Lender Rate: | 21% | Borrower: | snehal69 |
| Finished | State: | MI | |
| Funded: | 100% | Group: | Everyday People |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-05-16 | EricsCC ROI: | -33% |
| Status History | |
|---|---|
| May 16, 2007 | Current |
| Nov 01, 2007 | Late |
| Nov 23, 2007 | 1 month late |
| Dec 06, 2007 | Late |
| Dec 17, 2007 | 1 month late |
| Dec 29, 2007 | Current |
| Dec 31, 2007 | Late |
| Jan 12, 2008 | 1 month late |
| Jan 17, 2008 | 2 months late |
| Feb 17, 2008 | 3 months late |
| Mar 17, 2008 | 4+ months late |
|
RELISTING WITH A LOWER AMOUNT OF $9000 AS WE MANAGED TO PAY OFF 3/4TH OF OUR PAYDAYLOANS WITH $1500 OF OUR SAVINGS. GROUP LEADER HAS WAIVED OFF HER 1% TO HELP US GET 100% FUNDED. WE GOT 30% FUNDED LAST TIME. PLEASE HELP US GET 100% FUNDED THIS TIME AS OUR PAYMENT PLAN STILL REMAINS THE SAME AND WILL BE AUTOMATIC DEDUCTIONS FROM OUR DIRECT DEPOSIT SAVINGS ACCOUT(VERIFIED BY PROSPER) STARTING JUNE 11TH. Hello! I am a Software Professional working with University of Michigan. Due to my wife's cancer treatment, I incurred huge expenses in recent couple of years. She got treated for a typical type Ovarian Cancer and had to undergo chemotherapy. Since 2 years, she is doing great and is now "normal" as per the doctors. She had ovarian teratoma which has extremely rare chances of recurrence. But during year 2003-2004, we incurred a huge expense of about $60,000 towards, medical insurance deductibles, out-of-pocket expenses, day-care charges for our 1.5 year old(at that time) daughter and such. As a result, we got late in our payments. We paid off about $50,000 during this last two years. Now, we have some maxed out credit cards, payday loans (reduced from last listing) and a couple of medical bills. The interest on these loans and credit card balances are killing us. Hence we would like to consolidate our outstanding debt in to one payment. These are described as follows: American Express: $3108 : Interest rates 27% + late payment charges: Currently past due and with collections VISA : $5235 : Interest rates 29% + late payment charges: Currently past due and with collections Master Card : $1500 : Interest rates 27% + late payment charges: Currently past due and with coillections These are our 3 delinquencies which we need to take care from this loan. Other debts:PAYDAY Loans: $800 (CUT DOWN FROM $2000 THIS MONTH): Interest rates 200% : We plan to pay off this from the money we will save from late fees and interest saved from above 3 delinquencies. Credit Union Loan Payment : $500: Curent balance $4500: Will be done with by Feb 2008 Medical Bills : $4000 : We have a payment plan for paying this off @$350/month Financially, we are well off to pay back this loan in time. Yearly Gross Income: $75,000 Monthly Take Home Salary : $5100(basic, not including overtime) Monthly Expenses:Mortgage + Association Fees : $1650 Utilities : $450Car Payments & Insurance : $600 Groceries : $500Misc. Expenses : $500 (kid's fees and gas) Total Monthly Expenses : 3700T otal left after expenses: $5100 - $3700 = $1400 Bank loan and medical bills payment total = $500 + $350 = $850 Amount left to pay off this loan = $1400 - $850 = $550 Monthly saving from interests after debt consolidation : $300 Factoring this into our savings : $550 + $300 = $850 Monthly Installments for this Loan :$353 (approx) This is how we intend to pay back this loan. So,, we shall be able to manage the payment of this loan easily. We have always been on time, come rain or shine, to pay back our secured and non-secured loans on time.Our credit scores got lowered because of the heavy expenses and delinquencies as explained above. One of the purpose of this loan is to increase the credit score because we have to refinance our house in next six months due to expiration of fixed arm of interest. If you have any questions/concerns or wish further information please feel free to email me at sneh777@yahoo.com or call me on 513-225-1848 (Cell Phone) Please h |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 113425 | Debt Consolidation Loan | E | $12,000 @ 11% | Mar 20, 2007 | Expired |
| 116604 | DEBT CONSOLIDATION LOAN - PAYDAY LOANS PAYBACK | E | $15,000 @ 21% | Mar 28, 2007 | Expired |
| 120530 | DEBT CONSOLIDATION-CANCER TREATMENT-PAYDAY LOAN PAYMENTS- | E | $15,500 @ 23% | Apr 08, 2007 | Expired |
| 124213 | DEBTS-MEDICAL BILLS-PAYDAY LOAN CONSOLIDATION | E | $10,500 @ 23% | Apr 16, 2007 | Expired |
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