Debt consolidation before refinancing
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 17% |
| Lender Rate: | 18% | Borrower: | grandpaC |
| Finished | State: | MI | |
| Funded: | 100% | Group: | Brighter Financial Future |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-10-02 | EricsCC ROI: | -56% |
| Status History | |
|---|---|
| Sep 29, 2007 | Current |
| Jul 17, 2008 | Late |
| Aug 03, 2008 | 1 month late |
| Sep 04, 2008 | 2 months late |
| Oct 03, 2008 | 3 months late |
| Nov 03, 2008 | 4+ months late |
|
First and foremost, thank you for taking the time to review my listing. I am 58 years old and have lived in the same town in Southwest Michigan since 1966. All three of my children and 6 grandchildren live within 5 miles of me. My desire is to pay off my car payment and to reduce all 5 of my credit cards to below 40% of my maximum limits. The total amount that I need to do this is close to the $5,000 that I am looking to borrow. By doing this, my credit score will go up and this will enable me to get a better interest rate and enable me to save thousands of dollars when I refinance my home. I promise that all of my Prosper payments will be made in a timely manner. My financial situation: I have not had any late payments in the last three years, and very few prior to that (2X30 and 1X60). My credit score is low right now only because of credit utilization due to my credit cards being maxed out. Monthly net income: $ 3,466 Monthly expenses: $ 2,872 (after paying off the car loan and paying down on the credit cards) Housing: $ 1258 Insurance: $ 117 Transportation expenses: $ 191 Utilities: $ 0 (tenant pays) Phone, cable, internet: $ 0 (tenant pays) Food, entertainment: $ 300 Clothing, household expenses $ 200 Credit cards and other loans: $ 305 Other expenses: $ 300 Prosper loan: $201 The Prosper loan payments will be only slightly higher than what I will be saving per month by paying off the car loans and reducing the amount of my monthly credit card payments. Therefore, there will be no extra burden on me financially. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 146645 | Debt consolidation before refinancing | D | $15,000 @ 20% | Jun 04, 2007 | Expired |
| 181747 | Debt consolidation before refinancing | D | $10,000 @ 24% | Aug 14, 2007 | Expired |
| 194445 | Debt consolidation before refinancing | D | $10,000 @ 24% | Aug 29, 2007 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|