Pay Off CCs, Improve Credit, & Refinance House!
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 15% |
| Lender Rate: | 17% | Borrower: | BOOYEAH |
| Finished | State: | MI | |
| Funded: | 100% | Group: | Have Money - Will Bid |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-22 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Aug 28, 2007 | Current |
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Hello and thank you for viewing my listing. I've made a few poor decisions in the past that have led to my current state of debt. My wife and I paid for our wedding on our own and put the majority of it on credit cards. We also made several home update purchases on credit cards and shortly after, my wife was out of work. Unfortunately, since I got into this credit card debt, I now need help to get out of them. I would use the Prosper Loan to pay off the following Credit Cards. $3400 - American Express ($200 monthly, high interest rate) $1600 - Bank of America MBNA ($120 monthly) ------- $5,000 - Total amount of Debt to pay off I am currently employed by Ford Motor Company as a Senior Manufacturing Process Engineer. I have been with Ford and my current position for 6.5 years. My current monthly net income is $5,300. Here's my monthly budget with the prosper loan in place: $1,518 - Mortgage $450 - Home Equity Loan $160 - Condo Assn Dues $90 - Electricity $40 - Telephone $359 - Car Payment $157 - Insurance $100 - Gas $840 - Other Credit Cards Not paid off with loan $350 - Groceries $100 - Recreation -------------- $4,164 - total monthly expenditures As you can see, I have over $1,236 left over to be used, not only for my Prosper Payment, but for savings and emergencies so that I never get into this situation again. I can begin to live a normal life free from the stress caused by Credit Card debt. I have learned my lesson. I promise that my payments to Prosper will be my top priority each month. In fact, I am going to have Prosper automatically withdraw my payments each month so that everyone, including myself, knows that my payment will be made on time, every time. I'm not about to make a mistake with this opportunity to start rebuilding my credit. Thank you again for viewing my listing. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 180472 | Pay Off CCs, Improve Credit, & Refinance House! | D | $10,000 @ 22% | Aug 02, 2007 | Expired |
| 290613 | Continue to Consolidate Debt | D | $5,000 @ 24% | Mar 10, 2008 | Expired |
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