A new beginning! Help lower my interest rates...Ohio MAX.
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 56% |
| Lender Rate: | 17% | Borrower: | bunches20 |
| Finished | State: | OH | |
| Funded: | 100% | Group: | Debt Consolidators |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-06-21 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jun 21, 2007 | Current |
|
I'm relisting this loan request in hopes that it will be fully
funded to help me get out of debt sooner than later. I appreciate your
time and concern. This loan will be paid through automatic deduction from my checking account with additional payments beyond the minimum when able. LOAN PURPOSE: Looking to lower interest rates on my high interest credit cards which will save me thousands of dollars over time. Here is my current situation...I'm paying an extra $40/mo to each card below in an attempt to get ahead, but I'm not seeing much relief due to high interest rates. Discover Card $5102.81 @ 25.99% (Monthly Payment = $130.00 + $40) Bank Of America $8873.35 @ 25.99% (Monthly Payment = $274.00 + $40) Total = $484.00/Month I received a balance transfer offer in the mail (from Discover which expires on 06/26) that I just cannot pass up, but I need some help from you to make it happen. The deal is 7.9% until January 2010 on the balance transfer. I would pay off Discover with this Prosper loan and then perform a $5000 transfer to Bank of America. The remaining $3910 available will pay off the Bank of America account. If this loan is funded, here is the potential break down and savings. The monthly savings is not great, but my monthly payments will have more damage potential in lowering my principle balances than before due to the lower interest rates. In the end, I get more "bang for my buck" :) Prosper Loan $8910.00 @ 22.98% (Monthly Payment = $349.51) * COULD BE LESS IF BID DOWN * Discover $5099.00 @ 7.90% (Monthly Payment = $128.00) Bank of America $0.00 @ 25.99% (Monthly Payment = $0.00) * PAID OFF AND WON'T BE USED AGAIN * Total = $477.51/Month MY FINANCIAL SITUATION: As you can see below, I am a good candidate for this loan. I have no delinquencies or any other negative marks on my credit. My lower credit score can be attributed to the high revolving balances that I have on my credit cards and other lines of credit. I have been very good the past three years in not spending money that I don't have, but unfortunately I've dug myself so deep that it's been an uphill battle. My biggest mistakes were made 10 years ago when I graduated from college, buying beyond my means things I needed and others not so much. I have been paying the price ever since. I've learned my lesson and want to start living for tomorrow and not my past! Total Monthly Income: $5900.00 (Husband $3600, Me $2300) Monthly Expenses: Housing: $1060 Property Taxes + Homeowners Insurance: $280 Car Insurance: $110 Car expenses (leases): $650 Utilities: $200 Phone, cable, internet: $150 Food, entertainment: $200 Clothing, household expenses $200 Credit cards and other loans: $ 2325 Other expenses: $100 Total Monthly Expenses: $5275.00 Funds Available per Month: $625.00 extra + any savings from Prosper loan! Thank you for your consideration and feel free to ask any questions that you may have concerning this request. Thank You For Bidding! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 142011 | Seen these faces before? Looking to payoff high interest CCs | C | $15,000 @ 22% | May 23, 2007 | Withdrawn |
| 143148 | PLEASE L@@K...."CREATIVE BANKING", but need your assistance. | C | $9,000 @ 20% | May 26, 2007 | Expired |
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