Debt Consolidation - Re-list at Higher Rate
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 19% |
| Lender Rate: | 15% | Borrower: | DAWGSFAN |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 1 month late | Origination Date: | 2007-05-14 | EricsCC ROI: | -19% |
| Status History | |
|---|---|
| May 12, 2007 | Current |
| Jul 29, 2008 | Late |
| Aug 08, 2008 | Current |
| Aug 30, 2008 | Late |
| Sep 15, 2008 | 1 month late |
| Sep 27, 2008 | Current |
| Sep 29, 2008 | Late |
| Oct 07, 2008 | Current |
| Oct 29, 2008 | Late |
| Nov 15, 2008 | 1 month late |
|
I cancelled previous listing to Re-List at a Higher interest rate. I had a previous paid out Prosper loan that I paid out in about 6 months, paying out early when I received my annual bonus in April 2007. I plan to pay off this loan in April 2008 when I receive my next annual bonus, just as I did my first Prosper loan. By that time, I would have paid 10 payments on this loan and the payoff will be around $ 19,600.My annual bonus for the last 12 years has never been less than $ 40,000 net after taxes. I have been at my present employment over 20 yrs and have been married for about 16 yrs. I have 2 sons, 15 and 22 yrs old. I want to obtain this loan to consolidate the following debt: Wifes auto loan with Cap One : $ 8435.00 / 645.00 per mo American General: 3654.00 / 208.00 Lowes : 1270.00 / 135.00 HFC: 7800.00 / 240.00 Dell: 2855.0 / 92.00 Wells Fargo: 935.00 / 35.00 Total 24,949.00 / 1355.00 per month This Prosper loan would provide a savings of around $ 400.00 per month. I had some recent past due accounts due to paying for my oldest son's final semester in college. He graduates in May. When I received my bonus I paid all my past due bills current, income taxes, and also paid $ 7800.00 off in student loans for my son. My wife and I wanted him to not have any student loan debt and start off on his own with no personal debt. The recent credit inquiries to my credit file are because I am refinancing my home to get rid of the ARM loan I have now.This re-fi will also provide a savings of at least 700.00 per month on my mortgage. I can asssure you it will be a benefit to me in the monthly savings on my present payments and to the lenders that choose to loan to me. I will make all payments on time just as on my previous Prosper loan. Thank you for your consideration for this loan. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 51632 | Pay other debts | C | $4,000 @ 25% | Oct 22, 2006 | Loan created |
| 128849 | Debt Consolidation | C | $25,000 @ 18% | Apr 25, 2007 | Withdrawn |
| 130722 | Debt Consolidation - Re-List at Higher Interest Rate | C | $25,000 @ 21% | Apr 30, 2007 | Withdrawn |
| 270223 | Son's tutoring expense | C | $3,500 @ 18% | Jan 23, 2008 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|