Relist! x's 2!! Please help end this payday loan nightmare!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 27% |
| Lender Rate: | 19% | Borrower: | Chaney |
| Finished | State: | IA | |
| Funded: | 100% | Group: | Have Money - Will Bid |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2007-09-20 | EricsCC ROI: | -35% |
| Status History | |
|---|---|
| Sep 21, 2007 | Current |
| Oct 06, 2008 | Late |
| Oct 21, 2008 | 1 month late |
| Nov 21, 2008 | 2 months late |
| Dec 23, 2008 | 3 months late |
| Jan 21, 2009 | 4+ months late |
| Feb 10, 2009 | Default |
|
Hello, and thank you for viewing my listing. I am a 41 year old with a stable job. I have been with the same company for the past 18 years and have worked my way up to a salary position as a Quality Control Technician. My husband has been a machinist for the past 7 years. A while back, during a family emergency with our daughter's depilatating migraines that mimic a stroke, I unwisely relied on payday loans to get the extensive testing she needed that insurance wouldn't cover, to ensure that nothing was seriously wrong, Thankfully, nothing was medically wrong. Unfortunately, since I got into payday loans, I need help to get out of them. I have been stuck with these high interest loans, and have to re write every two weeks since I can't pay them off. I have been paying $600 in interest alone every month. OUCH!!!! My credit score fell last year, when we were buying a house because I unwisely consolidated my credit cards to a counseling agency. I pay them $173 per month to distribute funds to my credit cards at a lower interest rate. Well, what I didn't know is that they don't pay on a timely basis, and when my statements would show up, they would show that I'm one payment behind. Also, the delinquency on our credit report is for our house payment, which is a result of these payday loans. We are paying one and one third payment to catch up in December I would use the Prosper loan to pay off the following payday loans and my credit card consolidation: Mr. Money $500 Hometown Cash Advance $500 Advance America $500 EZ Money $500 Check 'n Go $500 Monthly net income: Husband $2000 Mine $2860 plus overtime and bonuses TOTAL $4800 Monthly expenses: Mortgage: $763 Car loan: $340 Gasoline: $80 Utilities: $125 Food $300 Cell phone/cable $150 Household $100 Prosper $100 Total expenses $2020 That leaves $2840 left over so that I will never get into payday loans again and end this vicious cycle. I have learned my lesson the hard way. All payments to Prosper every month will automatically be deducted from my checking account, in which both my husband's and my paychecks are direct deposited. There are no risks. Thank you for considering my listing . God Bless!! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 188005 | Stuck a whirlwind of "payday" loans | D | $4,000 @ 19% | Aug 15, 2007 | Withdrawn |
| 190960 | Chaney | D | $5,000 @ 19% | Aug 22, 2007 | Expired |
| 194624 | Please help!! Stuck in revolving Payday loans and CC's | D | $5,000 @ 19% | Aug 29, 2007 | Expired |
| 197809 | Relist! Payday loans from extensive med tests | D | $3,500 @ 19% | Sep 05, 2007 | Withdrawn |
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