Relisting High Interest Debit Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 22% |
| Lender Rate: | 15% | Borrower: | JumpinJackFlash |
| Finished | State: | WY | |
| Funded: | 100% | Group: | Personal Financial Advisors |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-02 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Aug 01, 2007 | Current |
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Purpose of loan: I would first like to thank you for taking the time to consider me for this loan. Within the past few months, I have made significant improvements to my credit and I will stop at nothing to completely pay off my outstanding obligations. When a door closes a window opens somewhere to even the world out. Recently, I received a small inheritance that I am using to pay down some more of my debt. Within the next 5 years, I will be increasing my credit score by paying off my obligations and debt. This loan will help me reach this goal. I want to consolidate some high interest credit cards into one monthly payment at a better rate than corporations are willing to offer anyone. This will help lower my debit ratio and allow me to PAY BACK THIS PROSPER LOAN IN FULL. My financial situation: My current situation is not critical since I am currently meeting all my financial obligations and have a full time job. I also have a home based business which generates between $250-$500 a month. I want to get back on my feet and not feel like I am living paycheck to paycheck. The reason I find myself in the high interest and debit ratio situation is due to several events that occurred about five years ago. My daughter was attending college and her father and I were helping her pay for college. Yes she had to pay her part of the expenses as well. This was a planned financial situation. Also, because of her age I was no longer receiving child support which changed something in my household as well. This was another planned event. The event that changed everything that wasn?t planned or foreseen occurred at work with a change in an elected official. My job description changed and with the change was a decrease in pay of about $30,000 in a year. I wanted my daughter to finish school, I didn?t want to loose my house, and I knew I could get another job in time. I lived on credit, which was not a smart thing (I will never do that again). I also missed some payments and tried to consolidate my debit or lower it through a credit program which impacted my credit rating. I am current with all my deliquencies and have rectified what the credit report is showing. I am now financially secure and have a job where my salary is where I was at five years ago. I have started my own home based business which brings in additional monthly income. Once my debt is paid off my next goal is to make my business a full-time career. My daughter is also going back to school for her graduate degree. At some point I would like to help her as well financially. She is taking out student loans to pay for her living expenses, she received a grant that will cover all her tuition costs for the next three years. Monthly net income: $ 4,700 (salary) + $250-$500 (Mary Kay income) Monthly expenses: Housing: $ 1100 Insurance: $ 200 Car expenses: $ 800 Utilities: $ 150 Phone, cable, internet: $ 100 Food, entertainment: $ 300 Clothing, household expenses $ 100 Credit cards and other loans: $ 1800 Other expenses: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 157685 | Consolidating Debit | B | $10,000 @ 17% | Jun 25, 2007 | Withdrawn |
| 157782 | Consolidating Debit | B | $10,000 @ 16% | Jun 25, 2007 | Withdrawn |
| 161109 | Consolidating Debit | B | $8,500 @ 16% | Jun 30, 2007 | Expired |
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