Need to replace 99% interest CashCall Loan w/Prosper loan
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 46% |
| Lender Rate: | 20% | Borrower: | slcjessica |
| Finished | State: | UT | |
| Funded: | 100% | Group: | Reliable |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-06-13 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Jun 13, 2007 | Current |
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I'm relisting because I was advised not to use the automatically funded option. Purpose of loan: I am currently paying 99% interest on a CashCall Loan and I would like to get a Propser loan at 29% interest or less to replace that loan. My payments to you, the prospective lender, would automatically be taken out of my checking account each month. I took 5 weeks unpaid off from work to focus solely on my thesis. I have now finished school and have returned to work full time. I accumulated a fair amount of debt in that time off of work and I now find myself trying to play catch up. So the $4,500 I am asking for would pay my CashCall loan and the expenses I accrued while not working. The good news is I'm done with school, and can now focus on just work. I make enough money and have never had a problem meeting my obligations. While I can afford to pay my monthly CashCall payments, I would prefer that the money go to another lender, such as one from Prosper. My financial situation: Because of my bankruptcy 6 years ago, I've always been a sub-prime borrower. I recently consolidated all of my credit card debt, and I am excited that in less than 2 years it will be paid off entirely. Unfortunately, CashCall does not work with 3rd party debt consolidation companies, so I continue to pay them at my current interest rate. Hopefully my credit history indicates that I'm not a delinquent since my bankruptcy. I look forward to the day when I don?t have a bankruptcy to mar my credit. I think I am a good risk. I realize my credit may paint a different story, but let me explain why I think I?m a good candidate for a loan. I've had the same bank account for over 7 years, and the same job for over 5. Although I took time off that I couldn?t afford to finish school, I am now back at work full time. Last year, as a part time employee, I grossed just under $22,000. This year I am a full time employee, and that came with a raise and benefits. I now expect to take in $35,000 annually. (I also get about $900 in cost of living raises every nine months.) I'm a government employee with Union backing. If you've been on either end of dealing with a Union, you understand my job security. I love my job. Well, that's not totally true. I love the security of my job, and have no intention of leaving it. At least not until I?m 30. It is a stable job, and even if my facility were to close down tomorrow due to downsizing, I would still have a job somewhere in the post office. I love my car and enjoy not living at home, and those are two important factors that will keep me at my job for the next few years. I?ve lived in Utah my entire 26 years, and even if I move, I can still stay within the Postal Service. I really can?t stress enough my job security. I plan to be debt free by the time I?m 30. Currently I am on track to have my credit card bills paid off in less than 2 years, and a Prosper loan would last 3 years. Once my credit card debt is paid in 2 years, I will start paying more on my Prosper loan in order to pay it off a few months early. I am not someone who ignores my obligations, and anyone who bids on my loan should feel confident that it will be repaid.Please message me with any concerns or questions. Thanks for taking the time to look at my application. Monthly net income: $ 2,400 Monthly expenses: $ Housing Expenses (Including utilities) $850.00 Insurance: $ Taken out of paycheck Car expenses: $ $330 Phone, cable, internet: $ $125 Food, entertainment:$50 Clothing, household expenses $50 Credit cards and other loans: $ $275 Other expenses: $ 216.42 (Cash Call Loan) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 144883 | I need to pay off my CashCall loan. | E | $4,500 @ 29% | May 31, 2007 | Withdrawn |
| 146350 | Need to replace 99% interest CashCall Loan w/Prosper loan | E | $5,000 @ 28% | Jun 04, 2007 | Withdrawn |
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