2 bill consolidation- High interest
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,950.00 | Status: | Loan created |
| Grade: | C | DTI: | 64% |
| Lender Rate: | 15% | Borrower: | GonnaBeDaddy |
| Finished | State: | OH | |
| Funded: | 100% | Group: | Super Clean Credit |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-05-30 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| May 30, 2007 | Current |
|
Purpose of loan: I?m tired of paying high interest rates on my loans, and want to pay them all off within 3 years. With the funds I receive from this loan, I will be paying off 2 loans. They are as follows: High Interest car loan Department of Education loan These 2 bills account for $365 in expenses per month. With this rate it will lower my payment to $180-$190 per month minimum, saving me $180 and consolidating 2 bills. I am looking to put the additional $180 towards my primary car loan, to help my brother pay for it faster. My DTI wil actually decrease with this loan. Prospers calculations does not take into consideration what I am paying off. My financial situation: I pay all of my charge card bills each month (I paid the $400 charge last Tuesday), so the only debt I have is my installment loans.I work for an Optical Laboratory. I am a full time employee and have been there for about a year. Previous to this I was an employee with Bob Evans Farms. I have clean credit, meaning I have never been late on a payment. I assume the reason for the C rating is because I don?t have a very long credit history. I have plenty of room in my budget to make the payments. Monthly net income: $1600 Monthly expenses: $1161 Housing: $0 (live with my brother?s family) Insurance: $65 Car expenses: $100 (my brother pays the loan for my primary car) Utilities: $160 Phone, cable, internet: $86 Food, entertainment: $200 Clothing, household expenses $50 Credit cards and other loans: $410 ? includes car loan; will be eliminated Other expenses: $ 100 Left over: $439 + 410 from paid off loans |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 6047 | Working Capital for New Business | HR | $10,000 @ 8% | Apr 14, 2006 | Withdrawn |
| 6048 | A chance to ge in on the ground floor | HR | $25,000 @ 8% | Apr 14, 2006 | Withdrawn |
| 109768 | Pay off second car. 22.5% interest. | C | $4,611 @ 7% | Mar 11, 2007 | Expired |
| 136549 | Paying 3 bills off | C | $8,007 @ 18% | May 12, 2007 | Withdrawn |
| 238715 | 2 bill consolidation- High interest | HR | $12,500 @ 22% | Nov 27, 2007 | Expired |
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