I Want to Finish School
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,200.00 | Status: | Loan created |
| Grade: | D | DTI: | 13% |
| Lender Rate: | 21% | Borrower: | Cristoaq |
| Finished | State: | CA | |
| Funded: | 100% | Group: | A thru E graded Loans --> 100% borrower success rate |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-06-15 | EricsCC ROI: | -39% |
| Status History | |
|---|---|
| Jun 15, 2007 | Current |
| Oct 31, 2007 | Late |
| Nov 23, 2007 | 1 month late |
| Dec 16, 2007 | 2 months late |
| Jan 17, 2008 | 3 months late |
| Feb 16, 2008 | 4+ months late |
|
Purpose of loan: I am attempting to pay off what I owe at school so I can graduate and get a better job and make a better life for my family. My financial situation: I received a couple of student grants in high school to help me go to college. I received these grants by doing community service and tutoring a couple of students after school. I was a good student in high school and because of all my volunteer work and grades I was awarded grant money for college. I began attending Brooks college in Sunyvale, CA. in 2005. I go M-F from 6:00pm to10:00pm. My area of study is Networking/Security Technology. This program costs $42,000 including books. My grant money only covered $35,800 leaving me with a balance of $6200. I need to pay this amount before I graduate June 23 2007 or they will not give me my diploma. I am married and have a 5 month old daughter. My wife is a stay at home mom and also goes to Brooks College. We live with my mother in law. She rents us a room for $400 dollars. It's not much for rent but being that I am a carpenter she always has me doing things around the house. Monthly net income: $ 3804 Monthly expenses: $1315 Housing: $ 400 Insurance: $ 75 Car expenses: $320 on gas Utilities: $ n/a Phone, cable, internet: $ 50 Food, entertainment: $ 160 Clothing, household expenses $ 100 Credit cards and other loans: $ 110 Other expenses: $ 100 Wife's Monthly Expenses: $1402 School Loan payment: $395 Credit Cards: $ 210 Car Payment:$477 Insurance:$120 Gas: $200 Daughter's Expenses: $560 Diapers: $ 60 Formula: $100 Child Care: $400 Family Expenses in total: Mine ($1315), Wife's ($1402), Daughter's ($560) = $3277 Cash flow: Net income ($3804) - Expenses ($3277) = $527 for Emergency money or Money available for prosper payment My wife has credit card debt of approximately $4500, and I have $4000. After we pay off this student loan, we plan on coming back to Prosper to help consolidate those debts, in 2009. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 142144 | Want To go to school | D | $6,200 @ 22% | May 23, 2007 | Withdrawn |
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