Working My 4 Year Plan
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,800.00 | Status: | Loan created |
| Grade: | B | DTI: | 32% |
| Lender Rate: | 13% | Borrower: | garyNboston |
| Finished | State: | MA | |
| Funded: | 100% | Group: | Super Clean Credit |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-15 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| May 16, 2007 | Current |
| Oct 15, 2008 | Payoff in progress |
| Oct 18, 2008 | Paid |
|
Purpose of loan: This loan will be used entirely to pay off my credit card with Bank of America. My financial situation: My credit history began with my 1st car 28 years ago at the age of 16. I've paid off many loans since then and I take pride in paying on time. My focus now is to be debt free in 4 years or less. I've used the debt calculators at goodpayer.com to calculate realistic scenarios that prove my goal possible. (3) steps I've taken already to achieve my goal is: 1. 'Rolling Down' my debt by paying more than my minimum payment. 2. Taking the train to work, thereby eliminating Parking and Fuel costs. 3. Requesting this loan from Prosper to replace high interest revolving debt. Monthly net income: $ $4,094.00 Monthly expenses: $ Housing: $ 725. Insurance: $ 72. Car expenses: $ 381. (15 Months left on loan) Utilities: $ 0. (Included in rent) Phone, cable, internet: $ 60. Food, entertainment: $ 425. Clothing, household expenses $ 75. Credit cards and other loans: $ 1,471. Total Monthly Expenses: $ $3,209.00 4,094.00 - 3,209.00 = $885.00 toward Payment on Prosper Loan |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 127100 | Payoff Revolving Debt and say goodbye to Bnk of America | B | $25,000 @ 10% | Apr 22, 2007 | Withdrawn |
| 127598 | Working on a 4 year plan. | B | $25,000 @ 10% | Apr 23, 2007 | Withdrawn |
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