Paying off outstanding debts that have high interest rates
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|Loan Status:||Paid||Origination Date:||2007-08-10||EricsCC ROI:||12%|
|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|460245||Pay off High Interest Credit Card||C||$11,000 @ 10%||May 26, 2010||Withdrawn|