Knock out Student Loans -- Help me become Debt Free!
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 22% |
| Lender Rate: | 9% | Borrower: | impact1296 |
| Finished | State: | IL | |
| Funded: | 100% | Group: | FUTURE FINANCIAL FREEDOM 1 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-05-31 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| May 31, 2007 | Current |
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Hello, and thank you for looking at this listing. Please NOTE: I actually earn $60,000 - $70,000 per year, but I can only prove my previous job's salary, so I had to put $40,000 as my income. It is actually much higher. Purpose of loan: I will be using this loan to "refinance" an existing Student Loan that sits at 14.25%. I can already make the payments on the loan, but I want to refinance it at a lower interest rate. I have a handful of student loans to pay, but I want to take this one step at a time, so I'm starting with just one loan. Once my student loans are paid off, I'll be virtually debt free! Please help me meet this goal! My financial situation: The most promising reason I will be able to pay back this loan is that I recently accepted a position earning $60,000 / year. I am currently making $70,000 / year contracting, but I wanted a permanent position for the benefits, so I accepted the new role at the same company. I am already able to pay this loan back, but I wanted to give Prosper a shot at helping me lower my interest rate. I will be auto-debiting my checking account to pay the loan, and I will always have enough to cover the payment. Monthly net income: $ 3300. I can only prove $2000 because I just got this job and don't have the tax return to prove my new salary, but I do have paystubs coming in at $900 / week, plus or minus $100 or so (being hourly, it fluctuates). I start my new position as an Operations Analyst in less than 2 weeks. Monthly expenses: $ 2800 Housing: $ 1100 Insurance: $ 100 Car expenses: $ 300 Utilities: $ 100 Phone, cable, internet: $ 100 Food, entertainment: $ 150 Clothing, household expenses $ 200 -- Just moved into a new place. This is for basic furnishings. Credit cards and other loans: $ 450 Other expenses: $ 100 Savings: $ 200 In any event, the Student Loans aren't even in repayment status yet. I just want to get a jump on paying them back, at if possible, at a lower interest rate. These are not federal loans, but loans from Sallie Mae, which explains the high interest rate. I would be more than happy to answer any questions about my financial situation, income, debt, history, etc. Please just ask. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 267723 | Refinancing for the New Year! -- Easy Money for you! | D | $8,000 @ 13% | Jan 18, 2008 | Withdrawn |
| 271345 | Refinancing for the New Year! -- Easy Money for you! | D | $8,000 @ 13% | Jan 25, 2008 | Expired |
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