Consolidating High Rate Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 27% |
| Lender Rate: | 22% | Borrower: | Sarena11 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-07-06 | EricsCC ROI: | 21% |
| Status History | |
|---|---|
| Jul 04, 2007 | Current |
| May 06, 2008 | Payoff in progress |
| May 10, 2008 | Paid |
|
Hello, ABOUT ME: I live in San Bernardino, CA with my daughter. I am an operations manager with Carmax company. We are a used car dealership with stores all across the country. ABOUT MY ASSETS AND FINANCES: I have a 401k account worth $87k. I own my vehicle free and clear (Ford Expedition - Blue Book value of $15k). I did not include my annual bonus as part of my salary which would add about $8k per year in income. I have not been late on ANY payments or loans since 2001 (both times in 2001 it was for a credit card bill). My credit score is VERY important to me as I realize that in life the credit agencies are really the ones that control what you do/buy. As of 6/17/07 my credit scores from the three reporting agencies were 648, 688, and 706. The low score is from Experian which probably explains why Prosper has me listed as only a "D" grade borrower. Also the above credit info says I have 2 deliquences, however I just purchased my credit report from all three agencies and I do not see where I have any deliquent payments. I was late on a credit card twice in 2001 but I do not owe any back payments. I am currently disputing this with Experian. PURPOSE OF THE LOAN: I will be using the proceeds from this loan to pay off a credit card with a high interest rate (29.99%). This will save me $67 per month or $2,392 over the course of 3 years. I figure if I can save almost $2,400 why not do it? There is nothing more to it. I will not use this loan to fund any other activities. I want to state again that I WILL NOT EVER BE LATE in making my payments to you. I will provide you with my phone number and email address if you would like. If you would like, give me a call and I will provide you with my address as well if it makes you feel more comfortable. I also encourage you to contact me should you have any questions about investing in me. If you do decide to invest in me, again please feel free to contact me should you just want to check up on your investment (me). In an unforeseeable event that I have financial difficulties I would absolutely sell my car, tap into my 401k, etc just to avoid causing damage to my credit score (and in turn default on your note). You are investing in someone that currently owns several assets. As a result, you can rest assured that you are making a safe and wise investment. I want to thank you for considering my loan request. If you have any questions at all please do not hesitate to contact me at any time. Thank You! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 153671 | Consolidating High Rate Cedit Cards | D | $10,000 @ 23% | Jun 17, 2007 | Withdrawn |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|