I want one monthly payment! DEBT CONSOLIDATION ? GL vetted.
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 32% |
| Lender Rate: | 14% | Borrower: | ltrain823 |
| Finished | State: | MI | |
| Funded: | 100% | Group: | Rest Easy, Become Debt FREE! |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-05-31 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| May 31, 2007 | Current |
| Dec 04, 2007 | Payoff in progress |
| Dec 07, 2007 | Paid |
|
Purpose of loan: The primary purpose of the loan will be to take all of my credits cards and consolidate them down to one easy monthly payment?no need to worry about different payment dates and worry about how much to pay on each card. I would also like to lower my interest rates. I have lived with my family all my life so I have never had to pay a mortgage or rent in my life. I just purchased a $330,000 condo and am very excited for this to be the next chapter in my life. The nice thing is that it will be in my name and I will be living with three members of my family that will cut the mortgage payment down by 1/4 and also all the utilities will be very minimal. I want to have no debt after this is paid off. The past 2 years I have been paying $2,000 a month consistently towards credit cards. With a commitment like that, paying a $900 Prosper loan will be no trouble. My financial situation: My GL has vetted all my relevant financial documents. Job security is not an issue for me. I work for a company that I helped build from 3 corporate owned locations to 190 franchise owned locations in 23 different states. I have a savings account that I contribute to monthly and I have a simple IRA that I have been contributing 7% of my income to for the last year and my company contributes 3%. Due to the fact that they distribute them, my company pays for my cell phone, internet, and DishNetwork bill. Monthly net income $4000 after taxes Monthly expenses: Mortgage & Taxes: $450 Insurance: $250 Car expenses: $720 Phone, cable, internet: $0 (company pays for this) Food, entertainment: $750 Clothing, household expenses $150 Credit cards and other loans not paid with the Prosper loan: $0 Other expenses: $200 Prosper Loan: $900 Income ? Expenses: $580 Whatever I have left after all expenses are paid will be either paid extra on my Prosper loan or transferred into my savings. This loan will cover the debts of the following credit cards balances. 1.) Roughly $11,000 2.) Roughly $7,000 3.) Roughly $7,000 4.) The rest of the loan will cover other small balances. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 136624 | I really just want one monthly payment!!! DEBT CONSOLIDATION | A | $25,000 @ 13% | May 12, 2007 | Withdrawn |
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