I would like to consolidate my high interest debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 30% |
| Lender Rate: | 19% | Borrower: | tippi4u |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Have Money - Will Bid |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-09-11 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Sep 08, 2007 | Current |
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THIS IS A RELIST ? I am being more realistic This listing is a re re-list. After spending some time browsing the forums, I have read and received lots of helpful information in reference to creating listings here at prosper.com. I have taken a lot of what has been advised to heart. After careful consideration and thinking, I have decided to ask for less funding than what I initially asked for, and have decided to get control of my debt a few steps at a time. "Baby Steps". Purpose of loan: This loan is to pay-off an existing Cash Call loan - and a small credit card balance. Cash Call Loan ? Original balance: $5,000 -- Outstanding balance: $2,700.00 (Interest rate ? 90%) - Never Late My credit report reflects two prior Cash Call loans in the amounts of $2,500.00 - paid in full - never late. My Financial situation: I realize that I have received an 'E' rating, which probably is a red flag to lenders that I might be a potential risk, but I can promise you that that is not the case. I will admit that I do have a lot of credit card debt, but I have never been late on any of my loans or credit card payments. I have direct deposit and I pay all of my bills online which have been a complete blessing. Online bill pay in connection with direct deposit has helped me to stay on top of my finances. +INQUIRIES+ I thought I would note that yes, there have been a significant amount of inquiries on my report in the past 6 months which has caused my Fico score to plummet. Most of them are from department stores where at the registers, the clerk asks if you want to see if the store would extend you credit for your purchase. I did that numerous times, not realizing how much that would damage my credit rating every time another inquiry was made. I was actually thinking that this would help rebuild my credit after a BK in 2002. It did in the beginning, but after too many inquiries, my FICO score dropped by 100 points. Depressing! My Employment: I have a full-time job as a legal secretary for a large law firm. I have been on my job for 15 years. I also have a home business. I tried to fund my business with my credit cards. Wrong idea! Negative Marks: (2) Medical bills from the same collection agency - Amount: $160.00 - in dispute/paid by Aetna (1) DirecTV ? (in dispute) Not my account. - DirecTV is my provider and has always been in good standing. 17 inquiries Bankruptcy from year 2002 (All debt associated with this 2002 BK shows no aging account or activity and reflects BK). I took the time to go through each entry. ? filed BK dues to divorce proceeding. Profiles shows public record/but are all zero balance (released/paid in full). Accounts in Good in Standing (never late): Cash Call: $2,600 ? Was $5,000 - never late Capital One $500 - never late Nordstrom: $2000.00 - never late Juniper Bank: $500.00 - never late Chase Bank: 800.00 - never late Household Bank: 850.00 - never late Payday loan: $250.00 - never late Neiman Marcus: $95.00 - never late Monthly net income: $ 4,900.00 Part time job: $4,000.00 (this part of my income fluctuates - depending on sales) Monthly expenses: Housing: $ 650 (I have a roommate) Insurance: $ 120 Car expenses: $ 219 Utilities: $ 90 Phone, cable, internet: $ 24.99 Vonage: $19.99 Food, entertainment: $ 150 Clothing, household expenses $ 40 Credit cards and other loans: $ 500 Other expenses: $ gas, etc. $120 My Goal: Rebuilding my credit is very important to me. My goal is to become an A or B rating. I remember how difficult it was to get a credit card after my 2002 bankruptcy (filed due to divorce proceeding). I hope that someone will take the time to read my story and give me a 2nd chance. Thank you kindly. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 194592 | Help! I'm drowning in High Interest Credit Cards | E | $6,000 @ 27% | Aug 29, 2007 | Withdrawn |
| 194639 | Help! I'm drowning in High Interest Credit Cards | E | $6,000 @ 27% | Aug 29, 2007 | Withdrawn |
| 194866 | Help! I want to consolidate my high interest debt | E | $5,000 @ 28% | Aug 29, 2007 | Withdrawn |
| 195316 | I would like to consolidate my high interest debt | E | $4,500 @ 25% | Aug 30, 2007 | Withdrawn |
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