Keeping my Chin Up and Trying Again
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|Loan Status:||Paid||Origination Date:||2006-06-23||EricsCC ROI:||20%|
|Aug 30, 2006||Current|
|Jun 23, 2009||Payoff in progress|
|Jun 27, 2009||Paid|
Based on even more research and the types of questions folks have asked me recently, I've realized that I need to go small and slow if I'm going to truly use the Prosper system to help us out of debt. I can take this money and pay off the one highest interest card, and start moving the monthly payments over to the next card, etc.... even with this loan payment, I can save almost 10% interest which translates into that extra bit of cash to keep applying on the next highest balance/interest cards WE WILL GET THERE!!!!
How we got here: Prior to 9/11 my Husband had an excellent job. We had made it through college and jobs, with 2 kids and little money, but we did o.k. Our kids are great children who don't expect fancy things and are happy with necessities for gifts (I'm talkin underwear and jeans here). After 9/11, the company my Husband worked for began laying people off . He works in computers, and that became very unstable after the attack. We had no time to prepare. Although we immediately went into "poverty mode" and I took another job, the lack of income was enough to cause us at one point to use a convenience check from a credit card to pay our rent, and to use cards to buy food. My Husband's job search was relentless and paid off, with a few initial bad experiences.... hired for a 3 or 6 month time, only to be laid off when the work was slow. I worked 2 jobs and we couldn't stay afloat without cards. We didn't indulge in extras, no cable t.v., no cell phones, one car, no treats.
We now both hold excellent jobs. My Husband has good security. I work for a High School in Special Ed. Our income is approximately $90,000 annually.As recommended by Cellar Door our education: I hold an Associates Degree, Husband a Bachelor's. Because of debt we are still paying on, interest rates 25-30%, we pay a huge sum each month, just to cover mins. We tried a "Christian" credit help, only to have them take our payments, deduct "fees" and not pay things on time. Hence, the delinquencies you see on my "E" rating.
I don't agree with the idea of giving out a bunch of personal information over the internet, transcripts, bank statements, card statements etc... I guess I'm just leary that it's too much, and I feel that if Prosper has run a check on me, then the basic identity and credit info has been cleared. I can tell you that I currently also babysit, mow lawns, and housesit (water plants and dogs).Also, it shows I now have 2 delinquent accounts, but they are being paid each month, just not the full amount the company wants, I just don't have it if I'm to feed my kids.
My eldest child is in college on full scholarship, due to his terrific work ethic, and our other child will attend college in a year, no doubt on full scholarship as well. I have chosen not to put our photos up on the listing, on the off chance someone who knows our kids would recognize us... not that our situation is shameful, but we know how mean some people can be. We are decent hard working people (my Husband never puts in less than 10 hours a day). We could probably have declared bankruptcy before the laws changed, but decided we could work our way out honestly and responsibly and that is what we are committed to doing.
I would love to borrow $20,000.00 and wipe everything out and pay one reasonable payment each month. I know now after doing more reading on Prosper that that is rather pie in the sky . With a smaller loan than I have previously asked for, I can chip away at these bills and I can restore our clean history and get to a place where we can move forward and help others. I am asking for 2000.00. If anyone who is willing to lend to us has additional questions, we will do our best to answer them via the message system in Prosper. We thank you for your time and consideration.
|Borrower's Other Listings|
|15081||Drowning, Slowly but Surely||E||$20,000 @ 10%||May 22, 2006||Expired|
|19293||Trying Again not to Drown||E||$10,000 @ 21%||Jun 12, 2006||Withdrawn|
|19745||Earnest Mom trying to Fix Past||E||$5,000 @ 21%||Jun 14, 2006||Withdrawn|