Consolidate Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 39% |
| Lender Rate: | 17% | Borrower: | RedMystique |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-14 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Aug 14, 2007 | Current |
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Purpose of loan: This loan will be used to payoff numerous credit cards My financial situation: As you can see from my credit profile I have never been late paying my debts and take my financial responsibility very seriously. I have been a Legal Assistant for 27 years and have an excellenct reputation within Washington state. I have just gone through a divorce and that is way I have so many credit cards and at such high usage. I want to begin the process of reducing my debt. I realize that my monthly payments will actually increase about $100/month (depending on the interest rate) but I will have the debt paid off within three years. That is a worthwhile trade-off. I also have a rental house currently for sale and should end up with around $16k pre-tax that I will be using to payoff my car loan. Leaving the prosper loan as my only debt outside of my personal residence. Monthly net income: $ 3480 from job and $ 1500 for Maintenance from ex-husband Monthly expenses: $ Housing: $ 2000.00 Insurance: $ 111.00 Car expenses: $ 200.00 Utilities: $ 200.00 Phone, cable, internet: $ 100.00 Food, entertainment: $ 300.00 Clothing, household expenses $ 100.00 Credit cards and other loans: $ 1400.00 Listed below are the credit cards that I will be paying off with the Prosper loan. BofA 8,100 24.00% 243.00 Capital One 2,375 23.30% 70.00 PayPal 450 23.75% 20.00 Wells Fargo 800 25.00% 25.00 HSBC 299 16.90% 15.00 Best Buy 1350 22.65% 54.00 Orchard Bank 565 25.15% 20.00 Macy's 900 25.00% 40.00 |
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