Paying off high interest credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 32% |
| Lender Rate: | 10% | Borrower: | labrat123 |
| Finished | State: | CO | |
| Funded: | 100% | Group: | New Day Rising Loans |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-03-27 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Mar 28, 2008 | Current |
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I graduated from Colorado State University in December of 2004 with a BS in Biochemistry and Microbiology. After college it took me longer then anticipated to get a job in my field and during that time the only means of living was my credit cards. I now work at National Jewish Medical and Research Center in Denver as a laboratory researcher, doing genetic-based studies on patients with Chronic Beryllium Disease. I have been working at National Jewish for over three years. I also work two part-time jobs, one at an outdoors store called Recreational Equipment, Inc. and the other as a personal assistant for my handicap aunt. I found out about prosper.com a year ago through my roommate who has as a strong background in finance. Since I met him, he has helped me lower credit card rates, obtain better financing on my vehicle, and helped me create a budget and simple cash flow model to track my progress. I am in a good cash position as I pay more than the minimum payment on my credit cards each month but believe prosper.com would help me accomplish my goal of being debt free even quicker. I only have 2 credit cards with a balance on them: UsBank - $1000 @ 15.49% APR Bank of America - $6900 @ 11.99% APR How I will use my prosper.com loan: 1) UsBank Visa credit card: $1000.00 2) Bank of America credit card: $6,840.00 3) Prosper.com fee: $160.00 Total amount requesting: $8,000.00 Monthly financial details: Net income after payroll deductions from all sources: $2,300 Rent: $425 Car Loan: $263 Cell Phone: $55 Insurance: $75 Prosper loan: $166 Student Loans: $100 Food and living: $350 ************************** Total Monthly Expenses: $1434 I will have $866 left in discretionary income to make the payments on my Prosper loan. This will be my second prosper loan to decrease my credit card debt. I received my first prosper loan in April of 2007 and have not had a missed or late payment. Through my bio above I have pointed out the reason for my debts and my desire to reduce and ultimately eliminate them. I realize it?s a long road ahead but with Prospers help I hope to make that journey a little shorter. I am a very responsible person; I understand my financial position well, I know what I need to do, and would simply like a little extra help. If you have any other questions, feel free to email me. Thanks for considering me for a Prosper loan. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 115942 | Paying off credit cards | C | $4,000 @ 12% | Mar 26, 2007 | Expired |
| 118314 | Paying off high interest credit cards | C | $4,000 @ 12% | Apr 02, 2007 | Withdrawn |
| 122427 | Paying off high interest credit cards | C | $5,000 @ 12% | Apr 12, 2007 | Loan created |
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