consolodating credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 69% |
| Lender Rate: | 23% | Borrower: | rita1956 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Super Clean Credit |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-09-10 | EricsCC ROI: | -48% |
| Status History | |
|---|---|
| Sep 08, 2007 | Current |
| Jan 25, 2008 | Late |
| Feb 11, 2008 | 1 month late |
| Mar 11, 2008 | 2 months late |
| Apr 11, 2008 | 3 months late |
| May 11, 2008 | 4+ months late |
|
Purpose of loan: (explain what you will be using this loan for) The purpose of this loan is to consolidate my credit cards.I got into debt because I used my credit cards to cover expenses of lauching the endermologie business I now work in. It is imperative I get rid of this debt so my credit can reflect my income since I got into endermologie.I have 20,000 in credit card debt that I am trying to consolidate. I have cut back on a lot including holding off on a new car until I'm finished with this debt. This consolidation would solve three problems. 1. It would lower my monthly payment on credit cards because the apr that prosper is asking for is 22 percent. However my credit cards range from 26 to 32 percent APR. credit card 1- 3788@ 31.3% credit card 2- 4675@ 30.8% credit card 3- 4244@ 30.2% credit card 4- 5113@ 29.7% credit card 5- 2659@ 28.4% 2. It would be one payment a month instead of 5 or 6 and it would not be scattered all over the month but instead it would be a once a month payment on a specific date. 3. Prosper loans only show up on Experian credit agency listings. The other 2 credit agencies would raise my credit because it would seem like I have paid all my debt in full. In return I would get better credit cards with lower interest rates in the future. My financial situation: (explain why you are a good candidate for paying back this loan) I am a terrific candidate for this loan because I have never had a delinquency or missed payment on my credit for over 14 years. I am extremely responsible and always pay my bills on time. At the end of the month I have 1500 dollars net left over. Also note that the prosper loan would take the place of the credit card and other loans section just listed below. Monthly net income: $ 5000 Monthly expenses: $ 3500 Housing: $ 1600 Insurance: $ 150 Car expenses: $ 0 Utilities: $ 150 Phone, cable, internet: $ 200 Food, entertainment: $ 500 Clothing, household expenses $ Credit cards and other loans: $ 900 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 184588 | paying off crediit cards | D | $25,000 @ 26% | Aug 09, 2007 | Withdrawn |
| 184643 | paying off crediit cards | D | $23,500 @ 26% | Aug 09, 2007 | Cancelled |
| 188212 | paying off crediit cards | D | $23,500 @ 26% | Aug 16, 2007 | Withdrawn |
| 190562 | paying off crediit cards | D | $20,000 @ 22% | Aug 21, 2007 | Withdrawn |
| 190839 | consolodating credit cards | D | $20,000 @ 22% | Aug 21, 2007 | Withdrawn |
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