Debt Consolidation and Eye Surgery Bills
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 16% |
| Lender Rate: | 13% | Borrower: | MoMark |
| Finished | State: | MO | |
| Funded: | 100% | Group: | A thru E graded Loans --> 100% borrower success rate |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-30 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Aug 31, 2007 | Current |
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I am a single guy living in Central Missouri. I have been at the same job now for 11.5 years - same industry for 20 years and same town for 17 years. I bought a house at the beginning of this year. I wasn't sure I could do that since I had declared bankruptcy 4 years ago after my divorce 7 years ago. I have a 30 year fixed $129,000 mortgage with 6.5% interest. I paid off one Prosper Loan earlier this year. I wanted to buy a camper to replace the one I had to get rid of during my divorce. I paid that $3400 loan off in 12 months instead of the 36. Shortly after paying that off is when I found out that I would need some eye surgery this year and next year. Credit scores are interesting between the three bureaus. My three scores during the home buying was 683, 670 and 643. I was able to get a good interest rate on my home, but have very little equity built up in it. I am SO close to a B score on here. But alas, it still comes up as a C. I am wanting to consolidate $7,000 in debt. Here is what I have to payoff: JCPenneys - $1500 - 17.5% Kohls - $900 - 18.5% Eye Surgery 2007 - $3200 - 21% Eye Surgery 2008 - $1400 - 21% I currently pay $300 per month for the first three items. Once the other $1400 is added to the medical bills, it'll be around $320 to 350. My budget is as follows: Net Income from my full time job = $2025 per month Mortgage Payment = $1030 Elec/Phone/Cable/Int = $320 Truck Payment/Ins = $200 Gas/Entertainment/Food = $175 Total = $1725 Net Income = $2025 minus Expenses of $1725 = $300 to pay the Prosper Loan. I'm looking for a final interest rate around 16% for a payment of $248. So as you can see that would free up some cash flow for me. Not included in the above Net Income is a part time job that brings in an average of $200 a month. I do miscellaneous merchandising jobs for 3 different companies as needed. Last year I made around $2500 during the entire year off the part time job. However, it is not guaranteed work and is on an "as needed basis". I have been averageing about $2,500 during the last 5 years. Thank you in advance for your bidding. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 35890 | Camper - Divorce Recovery | C | $4,150 @ 18% | Aug 31, 2006 | Withdrawn |
| 38860 | Camper - Divorce Recovery | C | $3,400 @ 14% | Sep 12, 2006 | Loan created |
| 286497 | Lawyer Fees | C | $2,500 @ 13% | Mar 03, 2008 | Loan created |
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