Help me get the credit card monkey off my back!
| Listing Information | |||
|---|---|---|---|
| Amount: | $16,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 39% |
| Lender Rate: | 20% | Borrower: | sfkm30 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Have Money - Will Bid |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-31 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Aug 31, 2007 | Current |
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Thanks for looking at my listing! I?m just a normal 30 year old and like so many others, made bad decisions and lived a bit beyond my means for a few years on credit cards that were easy to get. I live in an expensive part of the country and for the first few years, I started the nasty habit of supplementing my income with my credit cards and living beyond my means. Now, I?m settled with a great job and making enough money for myself but I have these high interest credit card bills to pay each month and it drains my bank account and I feel like I?m just treading water and not paying anything down. I really want to consolidate my bills and make one monthly payment and get myself out of debt so that I can start saving. Please help! I would use the Prosper Loan to pay off the following Credit Cards and loan. $6,000 ? Citibank Card $5,000 ? Personal Loan $5,000 ? American Express Skymiles Card ------- $16,000 - Total amount of Debt to pay off I?m currently an account executive with a marketing company and have been steadily and successfully employed for 7 years. I make a very competitive base salary with commission. My current monthly net income without commission is $4,000. Here's my monthly budget with the prosper loan in place: $1,400 - Rent $ 250 - Utilities $ 309 - Car Payment $ 145 - Insurance $ 100 - Gas $ 150 - Other Credit Cards Not paid off with loan $ 200 - Groceries $ 600 - Recreation -------------- $3,254 - total monthly expenditures As you can see, I have over $800 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 am really looking forward to paying off my debt so that I can grow what I contribute to savings. I also receive commission checks as I complete sales and view that as bonus money to contribute only to savings. 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 | |||||
|---|---|---|---|---|---|
| 180303 | Paying Off High Interest Credit Cards | D | $25,000 @ 27% | Aug 01, 2007 | Withdrawn |
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