Relist: Paying off high-interest credit card debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 30% |
| Lender Rate: | 20% | Borrower: | coleigh |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-07-27 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Jul 27, 2007 | Current |
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Purpose of loan: Thanks to some very helpful advice of Prosper members, I'm relisting my request with a reduced loan amount. I will be using this loan to pay off high-interest credit card debt and better my credit rating so that I can purchase a home. I make payments on time, but during law school, I drew cash advances to help my family in times of financial difficulty, so now I'm paying down high rates. Now that I've been out of school and working full-time for a couple years, I'm really trying to undo the damage I did while in school. My financial situation: I work full-time as an attorney, and my job and income are very stable. I've recently relocated from Boston to Phoenix, so my cost of living has been reduced and more income is freed up to apply to debt. I am responsible and dependable, and would greatly appreciate the opportunity to pay off debt and move towards owning my own home. Monthly net income: $5,800 Monthly expenses: $4,500 Housing: $1000 Insurance: $300 Car expenses: $600 Utilities: $150 Phone, cable, internet: $150 Food, entertainment: $300 Clothing, household expenses $200 Credit cards and other loans: $1,800 (includes student loans and this loan) Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 165436 | Reducing credit card debt; purchasing a home | D | $25,000 @ 23% | Jul 08, 2007 | Withdrawn |
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