CC Charge Me Too Much - VA Lets Me Charge Too Little
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,500.00 | Status: | Withdrawn |
| Grade: | C | DTI: | 31% |
| Lender Rate: | 11% | Borrower: | Tgrgolfer |
| Finished | State: | VA | |
| Funded: | 1% | Group: | Have Money - Will Bid |
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Dear Lenders, Thank you for taking the time to view my listing. I am a young and up and coming Professional who regrettably used credit cards to finance his way through college and grad school. Nearly a year ago I had a serious car accident and was in the hospital for 4 weeks. In that timeframe I missed one cycle of payments and my credit card interest rates jumped from 10-12% to 28-32%. Needless to say I am having trouble paying 23k in high interest debts off now because the interest is eating away all my hard earned funds. My credit rating is a C mostly because of my high DTI. I make $42,000yr and have $23,000 in debt. A Prosper loan would allow me to reduce this dramatically. I have even moved back home to accomplish this quicker. The quicker I pay this offer the quicker I can move out and have my social life back !! The Credit Card Companies Charge Me too High an Interest Rate and Virginia won?t allow me to charge enough. Virginia has a cap of 11% which is why the most I can offer you is 11% ( I?ve contacted my local Representative to light a fire under getting this changed). However I can promise a 0% rate of default. I?ve been working for the same bank for 4 years now and my loan payment will be direct debited from my checking account. If you need more assurance before bidding please let me know. I am willing to provide proof if necessary. Debts ? Chase - $3,400 @ 29.99% - Min Payment Mo - $115 - Payoff With Prosper Loan Discover - $4,000 @ 28.99% - Min Payment Mo. -$113 - Payoff With Prosper Loan Citibank - $3,100 @ 32.24% - Min Payment Mo. -$120 - Payoff With Prosper Loan Associates -$4,700 @ 22.49% - Min Payment Mo. - $ 125 B of A - $3,225 @ 12.50 % - Min Payment Mo. - $67 Target - $2,300 @ 18.74 % - Min Payment Mo. - $75 Cap One - $1,450 @ 19.80 % - Min Payment Mo. - $45 Monthly Bills Credit Cards - $ 700 Gym - $44.00 Cell Phone - $45.00 Parking - $90.00 Car & Insurance - $310 Housing - $0 Food & Bev - $100 401 (k) - $75 Total Bill Mo - $1,364.00 Monthly Pay - $ 2,380.00 As you can see I have $1,016 leftover a month. The payments I have been paying to the credit card companies ($348) would almost cover my monthly Prosper Loan payment as it stands. The only late payments I have made were from the time I was in the hospital which really has put a stranglehold on my future goals. I know the 11% is not the most attractive rate out there but having a zero % default might help you and me sleep better at night. Thank you for your time. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 145716 | Help Me Help You!! | C | $15,000 @ 11% | Jun 01, 2007 | Withdrawn |
| 145769 | Help Me Help You !! | C | $15,000 @ 11% | Jun 02, 2007 | Withdrawn |
| 175407 | CC Charge Me Too Much - VA Lets Me Charge Too Little | C | $1,500 @ 11% | Jul 24, 2007 | Withdrawn |
| 181551 | Working Hard to Raise Credit Rating | B | $3,000 @ 11% | Aug 04, 2007 | Expired |
| 207513 | Working Hard to Raise Credit Rating | C | $2,400 @ 11% | Sep 26, 2007 | Expired |
| 213687 | ReList - Paying One Card Off at a Time | C | $2,000 @ 11% | Oct 10, 2007 | Withdrawn |
| 216023 | 670 Credit Rating - Verified Lender | C | $1,100 @ 11% | Oct 15, 2007 | Loan created |
| 375516 | 1st Loan Paid Off - Seeking New Consolidation | C | $5,000 @ 11% | Aug 01, 2008 | Loan created |
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