Paying off outstanding debts that have high interest rates
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,510.00 | Status: | Loan created |
| Grade: | A | DTI: | 34% |
| Lender Rate: | 13% | Borrower: | mwilken |
| Finished | State: | IL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-08-10 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Aug 10, 2007 | Current |
| May 01, 2010 | Payoff in progress |
| May 13, 2010 | Paid |
|
Purpose of loan: (explain what you will be using this loan for) I would like to pay off some outstanding debts that I have that have considerably high interest rates. My Wamu Visa payoff is 4500.00 @12% interest, My Bank of America Visa payoff is 3200.00 @28% interest, I owe the IRS for an error that my accountant caused for the years 2004/2005. IRS payoff is 6300.00 with penalties and service fees accruing each month that i do not pay off in full, My vehicle payoff is 1500.00 @ 6% interest. My monthly payments now average 900.00 dollars a month. I believe that with the help of Prosper Lenders I will cut that payment down to around 500.00 dollars per month. My financial situation: (explain why you are a good candidate for paying back this loan) I am a very good and responsible person when it comes to paying bills on time. I make sure bills are paid 1st before my wants or needs are thought about. Monthly net income: $ 3,840.00 Monthly expenses: $ Housing: $ 0 mother passed away and house was owned by grandmother. so i moved in there in august of 2006. Insurance: $ cars and renters is about 170/mo. Car expenses: $ 300/mo. Utilities: $ 300-400/mo. Phone, cable, internet: $ see utilities. i included these 3 bills in that amount. Food, entertainment: $ 400-500/mo. Clothing, household expenses $ 100/mo. Credit cards and other loans: $ 700/mo. Other expenses: $ cell 140/mo. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 460245 | Pay off High Interest Credit Card | C | $11,000 @ 10% | May 26, 2010 | Withdrawn |
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