NEVER LATE LOOK AT CREDIT DETAILS, state max Interest rate
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|Funded:||100%||Group:||Global Group - Fast Same Day Approval -|
|Loan Status:||Default||Origination Date:||2006-07-03||EricsCC ROI:||97%|
|Jul 12, 2006||Current|
|Nov 19, 2008||Late|
|Dec 06, 2008||1 month late|
|Jan 05, 2009||2 months late|
|Feb 04, 2009||3 months late|
|Mar 06, 2009||Default|
NEVER LATE PLEASE LOOK AT CREDIT DETAILS
INTEREST RATE SET AT STATE MAX
Credit Grade: First off, my credit grade is not indicative to my abilities to pay on time. In fact I have never been late and I never will. After seeing the low credit grade given on prosper.com without having any late payments I pulled my credit report at truecredit.com. Much to my surprise, the vast majority of my credit accounts don?t even appear on experian which is the only credit bureau Prosper uses.
Interest rate caped at 10%: I lived in Arkansas for which the maximum interest rate is capped a 10% here on prosper. I realize after reviewing some other listings, by living in Arkansas I can?t compete with states allowing higher interests. I do hope lenders will review the credit grade details Taking note that I had never been late on anything.
Reason for loan: I am a merely attempting to build up my credit rating and credit relations. When I purchased my home a few years ago I had a limited credit history, I did not have bad credit, I just did not have hardly any credit at all.
This resulted in my mortgage interest rate being higher than it should have been. I realize that as time goes on my credit score will increase gradually, however the Federal interest rate seems to be increasing at a much faster pace. As a result by the time my score is high enough to refinance my mortgage for a lower interest rate, the rates offered will probably be higher than what I?m paying now.
By getting this loan it will help build up my credit rating, which will allow me to refinance my home at a lower rate sooner, saving tens of thousands of dollars over the life of my mortgage.
About me: I am a 26 year old Mother of two. I am gainfully employed and have very little debt. I was raised to pay all cash for everything and not owe anyone anything. Perhaps that?s the parody I find my self in now, having to pay higher interest rates on my mortgage due to a limited credit history resulting from always paying cash.
Thank you for your time and consideration
|Borrower's Other Listings|
|11895||Building credit ? Please Look I have never been late||E||$1,000 @ 10%||May 07, 2006||Withdrawn|
|12625||NEVER LATE LOOK AT CREDIT DETAILS, Interest rate state max||E||$1,000 @ 10%||May 10, 2006||Expired|