Get rid of high debts by paying you the interest!
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 52% |
| Lender Rate: | 14% | Borrower: | OBaker |
| Finished | State: | OH | |
| Funded: | 100% | Group: | No Bull Investors - We Invest In Good Borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2007-07-30 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jul 28, 2007 | Current |
| Nov 14, 2008 | Late |
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Purpose of loan: Thank you for taking the time to look at my listing. The goal of this loan will be to finally close the door on revolving credit. I have cut up all of those credit cards and am ready to finally live a life without the cost of interest. Instead of paying the wealthy companies out there that own my loans, I'll pay you about the same interest rate. That way, I close the door on revolving credit for good. My financial situation: I have always worked hard to maintain a good quality of life without being the type of buy anything on impulse. I am dedicated and able to make a considerable payment per year for this loan. My debt to income ratio is high, but all of my debt will be paid off through this loan, leaving me with virtually no debt besides this loan, my vehicle and my home to pay down. I am honest, reliable and dedicated to getting and staying out of debt. My employment is secure as is that of my wife. Monthly net income: My personal income per month is about $2000 My wife also works in a freelance business (first year doing so, but can show paypal statements if you would like) $2000 per month or more Social Security benefits: $650 Total income AFTER taxes: $4650 Monthly expenses: Housing: $ 1400 Insurance: $ 100 for vehicles, house insurance and taxes included in housing cost Car expenses: $650 (two cars, one will be paid off in the next four months, lowering this debt further.) Utilities, Phone, cable, internet: $ 600 Food, entertainment, Clothing, household expenses $ 400 Credit cards and other loans: None, this loan will pay off all of my debts Monthly income: $4650 Monthly expenses: $3150 Amount for Prosper loan: $1500 PAID ON TIME EVERY MONTH! Of my debt currently, I have $7500 that was used for a home improvement. We had to improve the front deck into our home due to damage and replaced carpeting and paneling in our home. This is a large part of the revolving debt as it is a line of credit. Again, to be closed when it is paid off through this loan. This added equity to our home, which has a significant amount of equity currently. The only negative aspect to my credit in regards to payment was when I became ill in January of 2004. I was diagnosised with a condition that left me unable to work and got behind on debt. Yet, we have managed to build up our credit since then and realize the importance of investing wisely. My family is growing and although I work very hard, I would enjoy being able to finally being able to be more of a dad with the ability to get out of debt. Please feel free to ask any questions. Why should those big companies get my interest money when you can? I'll prove to you that Prosper works! |
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