Debt Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 14% |
| Lender Rate: | 18% | Borrower: | workallday |
| Finished | State: | MO | |
| Funded: | 100% | Group: | A thru E graded Loans --> 100% borrower success rate |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-15 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Aug 15, 2007 | Current |
|
Purpose of loan: I have $7,000 in personal debt and loans. With my new budget I can pay for all these things within a year, but I'd like to take care of these obligations (plus the school tuition is due now) and then pay back the loan in the next 12 months. I will be using this loan to pay as follows: $2,000 ? to my parents money that I owe them $2,000 ? to my lawyer money that I owe $1,000 - credit card bills $1,000 - to register my car with the dmv and pay personal property tax $1,000 - to go to college and buy books this fall. The only delinquency on my credit is currently being disputed as it is a medical charge that I paid directly and the account and it should never have gone into collection, and it is for only $253 dollars but I don?t want to pay it if it is not a valid debt! My financial situation: Hello, I was living on my own until about two months ago and paying much more on my expenses. I was paying $450 a month room and board plus utilities, and I had a $318 car payment and a $345 insurance payment. I have moved back home and sold the car so this reduced my expenses by $1,113 per month! Credit: I have good credit, and the only two discrepencies on my credit are from when i was 19 years old 5 years ago and they were my first credit cards while i was in college, i missed payments on both cards, and have not missed any payments since, and paid both accounts in full. I have paid off three cars with no late payments totaling $11,000, $6,500, and $13,000. I also invest in profit sharing and 401k (6% of my weekly paycheck) with my company, and have full health and dental coverage. Where I work: I currently work full time at a manufacturing corporation in Blue Springs, Mo. I have been with this company for 3 years and 9 months and have recently been promoted to back-up manager of a department of over 30 people, so I am in line for the supervisor position. I am also co-chairman of the bi-weekly safety committee and will be chairman this year ensuring we meet OSHA standards and performing JSA's on equipment and procedures. On a daily basis I am a production team leader with an emphasis on quality and ensure the smooth operation of a 100ft automation line consisting of a few different style machines from all over the world. I perform all daily maintenance and ensure quality with cooperation of the maintenance department, answering to the plant operations finishing manager. I am a valued employee within the company. Income: I made $28,000 gross last year and with my recent promotion I expect to make $32,000 this year. I live with my parents and pay no rent payment and i will have no problem paying my prosper loan on time. Monthly net income: $ 2000 Monthly expenses: $ -650 Housing: 0$ - live with parents Insurance: 25$ - liability only, own car outright Car expenses: 75$ - own my car outright, pay for gas only Utilities: 0$ - live with parents Phone, cable, internet: 50$ - cell phone Food, entertainment: 100$ - misc. Clothing, household expenses: 50$ - misc. Credit cards and other loans: 200$ Other expenses: 150$ - misc. purchases, college related stuff I will have $1350 left over to cover savings/any emergencies and to pay off the Prosper loan. Any questions please message me , and thanks for your consideration! |
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