CC consolidation by active prosper lender: Low DTI
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,001.00 | Status: | Loan created |
| Grade: | B | DTI: | 14% |
| Lender Rate: | 10% | Borrower: | dliebs97 |
| Finished | State: | MD | |
| Funded: | 100% | Group: | Not Active |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-09-05 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Sep 01, 2007 | Current |
| Jan 31, 2008 | Payoff in progress |
| Feb 03, 2008 | Paid |
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Purpose of loan: To consolidate some debt I accrued while running my own sales and marketing business. I graduated from The University of Rochester in May 2004 and for 2 years ran my own business, it was great experience however not very profitable. I used my credit cards to pay for advertising and living expenses. That is why I am here. Currently I have: USAA 9200 @ 0% min 92 USBank 4000 @ 12.14% min 100 CitiBank 2000 @ 12.49 % min 45 HSBC pif each month BoA 0 balance This loan will pay off the USBank and CitiBank cards. As you can see the rates are not that high, I am just sick of having the credit card debt and paying interest to the greedy credit card companies. My financial situation: With the experience of running my business, I landed a great sales job last year and was just promoted (in less than a year) to Annapolis, MD. I have paid back over 10K in debt over the last year and expect to pay off atleast that much again this year. As you can see I have never been late or missed a payment, I take my credit history very serious. This loan will also add to my credit diversity which I believe will increase my credit score. My goal is to get my credit score in the 750+ range in time for me to buy a condo on the water in the next 18 months. Also my job is salaried, not commission, prosper however does not have a Sales-Salary tab, just an fyi! Monthly net income: $ ~4500 after taxes, 401k, insurance and ESPP, I am also paid bi-weekly so two months a year I get an extra paycheck, this is not figured in here Monthly expenses: $ 3486 Housing: $ 1390 Insurance: $ 110 (101 car, 9 renters) Car expenses: $ 900 (520 payment, 380 gas & tolls) Utilities: $ 60 Phone, cable, internet: $ 150 (cell 70, vonage phone 30, cable 50, internet included with apartment) Food, entertainment: $ 400 Clothing, groceries & household expenses $ 175 Credit cards: $ 250 Student Loan @ 3.125%: $ 51 As you can see I have over $1000 a month,(and 2 months with over $3000), left over to make my payments. I expect to make payments in the 400- 500 range and to pay this loan off in a year to 18 months. I also have: 401K ~3500 Roth IRA ~2000 Savings ~750 Prosper ~325 These could be used in case of emergency to make any payments if needed, I would rather leave them untouched. I thank you for your time and your bids! |
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