CONSOLIDATING HIGH-INTEREST CREDIT CARDS
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 25% |
| Lender Rate: | 14% | Borrower: | IraqVet23 |
| Finished | State: | OK | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-09-10 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Sep 07, 2007 | Current |
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Hello, and thanks for taking the time to review my listing. The purpose of this loan is to turn my 3 credit cards with high interest rates into one payment, and one interest rate. Currently, my average credit card rate is 26.9%. If I continue the path that i'm on, it will take me over 6 years to pay off my credit card debt, were as, if I get funded through Prosper.com, I can be 100% debt free in 3 years at most. Now, a little bit about me. I am a Sergeant in the United States Army and have been a soldier for just under 4 years(including basic training and AIT). I have served overseas in Afghanistan(5 months) and Iraq(14 months), and am now trying to become a Commissioned Officer. I am currently trying to get accepted into WestPoint College, but they seem to favor soldiers with little debt and an "A" credit report. By paying off my credit cards, I should be well on my way to a 700 FICO score. I am happily married(4 years), with a new 11 week old daughter, and am a homeowner. The only reason I have "C" credit is because of a bounced check 5 years ago when I was 19, before I enlisted in the army. I pay all my bills on time, including my mortgage payment and my credit cards. Please note that I have 0 delinquencies and 0 public records. Also, the reason my income shows $1-24,999 is because I was deployed, and on my W-2, it doesn't show tax-free wages in box #1. I will be more than happy to email or fax a copy of my 2006 W-2 to anyone interested. In 2006, I made $33,554.12 , and out of that, $9,093.00 was taxed by the government. So, for the sake of Prosper.com, I earned $9,093.00 in reportable income last year. Monthly net income: $ 2,950.00 Monthly expenses: $ 2,305.00 Mortgage: $ 965.00 Insurance: $ 90.00 Car expenses: $ 150.00(car paid for) Utilities: $ 150.00 Phone, cable, internet: $ 75.00 Food, entertainment: $ 150.00 Clothing, household expenses $ 150.00 Credit cards and other loans: $ 375.00(which would be eliminated if loan is funded) Other expenses: $ 200.00 ------------------------------------------------------- $645.00(left over) +$375.00(freed up once credit cards are paid off) --------------------------------------------------------- $1020.00 extra -($325.00)Prosper loan -------------------------------------------------------- $695.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 191466 | CONSOLIDATE CREDIT | C | $7,500 @ 19% | Aug 24, 2007 | Withdrawn |
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