Pay off short term high payment bills
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | E | DTI: | 16% |
| Lender Rate: | 19% | Borrower: | phitius |
| Finished | State: | CA | |
| Funded: | 100% | Group: | A thru E graded Loans --> 100% borrower success rate |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-07-19 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Jul 19, 2007 | Current |
|
Purpose: Pay 1 time bills with high monthly payments over a longer period of time. Financial : In '92 making only $11per hr I often needed to take loans on my CCs to pay rent. Debt consolidation didn't help. I blocked taxes starting a cycle of debt on debt. I sold everything of value including most of my furniture. In '01 found a better paying job with a university; it wasn?t enough to stay afloat. In '05 I filed Ch. 7 to get out from under the debt I built up during years of paying rent and utilities on cc's. This was a difficult decision as I don't like leaving any debt unpaid. I still feel guilty about having to have made such a decision. In '06 my new position at work, increased my pay $7K; now basics were covered and I could deal with my taxes. I always filed, but still owed and was in default. With help of attorney I have a payoff agreement with feds ($324 mo taken out of wages for next 3 years) and am negotiating an arrangement with state to pay $3k balance ($100 mo currently). I have dental insurance but 60% coverage, had some 1x expenses this past year hence my $1000 bill. I have cc debt, but it is not from frivolous items. This year moved into staff housing. I had 2 weeks to move or lose the less expensive apt. Because of the bankruptcy I had to pay a $2000 deposit and needed put it on a cc. I also paid movers and picked up some inexpensive furniture. Over the last year I have done much to improve my finances. I cut my monthly expenses by moving and save $150. Living on campus means less gas and no parking permit saving me $100. I cut my own hair saving me $20. Splitting Costco trips with a friend saves me $75. To increase my income I mystery shop for $80 per month. I am starting a part time job working the front desk at a spa for $290 net per month. I also sell my artwork; $300 over the last year. I'm contributing 2% to my retirement fund with a match from my employer. In the next 3 years I will have the taxes, car and all debt paid off. Post Prosper Loan Budget Net income $2900 University Job / $290 receptionist / $80 secret shops Total income $3270 All expenses $2756 Rent $860 Car expenses $350 total / $212 Car payment ($6954 bal) / $71 ins / $67 gas Utilities $60 / Phone/cable $130 / Food/ent $300 Clothing/household $100 Med/health (co-pay / meds / chiro not covered by insurance) $100 Fed tax $324 / CA tax $100 Stanford $35 / Household $67 / Cap One $108 / Juniper $40 / First Penn $32 Prosper loan $150 Bills to be consolidated into Prosper loan Lawyer $500/mo ($2500 balance) Dentist $100/mo ($1000 balance)< |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 156919 | Pay off debt so I can focus on school | E | $12,500 @ 23% | Jun 23, 2007 | Withdrawn |
| 157300 | Pay off debt so I can focus on school | E | $8,500 @ 26% | Jun 24, 2007 | Expired |
| 163028 | Pay off debt so I can focus on school | E | $7,999 @ 25% | Jul 04, 2007 | Withdrawn |
| 163035 | Pay off debt so I can focus on school | E | $7,999 @ 25% | Jul 04, 2007 | Withdrawn |
| 163041 | Pay off debt so I can focus on school | E | $7,999 @ 28% | Jul 04, 2007 | Withdrawn |
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