Help me eliminate a very high interest card
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 8% |
| Lender Rate: | 18% | Borrower: | edpensionguy |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-06-15 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jun 15, 2007 | Current |
|
Purpose of loan: I have a credit card that recently raised my rate to 27%. I would much rather pay a more reasonable interest rate to the individual lenders here than pad a bank's bottom line. I came across Prosper by chance and thought I would give it a go. This money would allow me to pay off and close that card. The Prosper loan payment would be the same as I am already paying to the bank, so repayment is not and will not be an issue. As to my credit score, there is some inaccurate information on my Experian report. I pulled my report a couple of days ago. I will be disputing those inaccurate items. I did have a couple negative items that are legitimate. However, the negitive things that have dampered my score occurred over 5 years ago when I ran into some difficulties. The reason that my score is not higher is that a factoring company recently bought those old charged off debts and listed them on my reports as new items. All the negitive information will fall off by July 2009. My financial situation: I am a civil servant employee of the State of California, which is as close to guarenteed job for life as you can get. I have almost 10 years in various positions (appointed and civil service). I am getting a 3.5% pay raise in July and possibly a promotion, so my income is only going up. I have lived in the same place for 8 years, so I am in a very stable position. I am also an Army veteran. Monthly net income: $ 3520 Monthly expenses: $ 2400 Housing: $ 650 Insurance: $ 90 Car expenses: $ 100 Utilities: $ 120 Phone, cable, internet: $ 140 Food, entertainment: $ 500 Clothing, household expenses $ 100 Credit cards and other loans: $ 700 I have not been late on anything since my troubles 5 years ago. There will be no late payments in regard to this loan. Thank you for your consideration. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 146946 | Eliminate a very high interest card and try Propser to boot | D | $2,000 @ 17% | Jun 04, 2007 | Withdrawn |
| 254210 | Getting Married...Need a bit of help | D | $2,000 @ 18% | Dec 20, 2007 | Withdrawn |
| 256029 | Getting Married...Need Wedding Deposits | D | $2,600 @ 24% | Dec 26, 2007 | Expired |
| 262080 | Wedding Expenses...2nd try | D | $1,200 @ 18% | Jan 08, 2008 | Expired |
| 379061 | Honeymoon Help | D | $2,500 @ 24% | Aug 06, 2008 | Expired |
| 393223 | Bachelor Party in Vegas | D | $1,000 @ 32% | Sep 04, 2008 | Withdrawn |
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