Paying Off Motorcycle Loan/Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $11,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 27% |
| Lender Rate: | 19% | Borrower: | HankHill5150 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | A thru E graded Loans --> 100% borrower success rate |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-10 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Aug 10, 2007 | Current |
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From group leader: Lenders, if you wish to know about future loans from 'A thru E graded Loans' before they come live on the website, please send me your email address via private message or feel free to join the group as a lender if you enjoy our listings. Purpose of loan: The reason that I am applying for this loan is to pay off my Yamaha motorcycle (scooter) loan that I owe $4,300 on so I can obtain the title. I would also like to consolidate my debts and pay off my credit cards so I can make wiser decisions with my finances. Card 1: $6,250 (Starting balance) $3,606 (Current balance) @ 24% Card has been in ACCC Credit Counseling since 5/16/05 Card 2: $330 @ 27% Bike Loan: $4,308 @ 17% Card 4: $478 @ 32% Card 5: $2,485 @ 24% Total: $11,207 I have 1 delinquent bill currently showing from a late 90 day payment. In the fall of 2005, my parents were going through divorce and I dedicated all my extra money to financially support my mother. It was either that or she became homeless as she was only working a part-time job at the time. As a result, one account became delinquent and I was unable to pay all my bills. This will never happen again as the divorce is settled and my mother is financially stable again. My financial situation: I understand that my credit grade is not showing very high, but I assure you that my credit is in excellent standing. All of my bills are paid on time, most of which come out of my checking automatically. I also pay above the minimum payment on almost all of my outgoing bills every month. I have never had a problem paying back a loan. I paid off my truck loan of $15,000 to my parents in 2.5 years. I accumulated this debt by spending 2 years in the hospital fighting Osteosarcoma (bone cancer). I lived in the hospital 20 out of 30 days a month receiving chemotherapy treatment for tumors in my leg. I was unable to work and support myself at this time. For more information about my medical condition please see my profile page. In regards to my current housing, I live with a married couple whom have been close church friends for 20 years. I have been living with them since 3/2007. Before I moved in March I was paying $600 a month housing cost. I was living with my best friend until he decided to marry his fiance of one year this past May. In Fall 2008/2009 I will move to upstate New York to be near my fiance and we will be splitting a monthly housing cost of approximately $1,200. My fiance is a Spanish/English teacher at a Christian high school in Niagara Falls, Canada. Her approximate income is $45,000+ a year which will dramatically help with our living situation. Income: Gross income: $3,034 per month Net income: $2,242 per month Total expenses Housing: $0 Insurance: $75 Car expenses: $200 Gas Utilities: $0 Phone, cable, internet: $280 ($100 calling card to Canada) Food, entertainment: $200 Clothing, household expenses $100 Other expenses: $150 Total: $1005 Cash flow $2,242 - $1005 = $1,237 Of this $600 goes to my credit card/motorcycle payments; this will be replaced by the Prosper loan. My extra money that I do not allocate to paying debt goes into savings for 3 purposes: An eventual move to New York, an eventual wedding and for travel to visit my fiance. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 173005 | Paying Off Motorcycle Loan/Credit Cards | D | $8,000 @ 29% | Jul 20, 2007 | Withdrawn |
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