Consolidate the highest interest revolving debt into one.
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,900.00 | Status: | Loan created |
| Grade: | C | DTI: | 30% |
| Lender Rate: | 22% | Borrower: | lety2170 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Lend2's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-21 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Nov 23, 2007 | Current |
|
This would be my second loan with prosper. I have made it my priority to pay off my debt withing 3yrs. The other nite i was looking through my statements of all my credit cards and notice that most of my payments were going to interest. Two of my citi credit cards had hight interest rates at 25% and 31%. I call the credit department and they were able to lower the interest back to 9% since my credit has gotten better. 4 of my credit cards are now at 9% except for two revolving accounts which are at 19% and 14%. I know if i consolidate the two accounts to a loan i would be able to pay them off quicker. About me: I work at a bank as a Premier Banker. I graduated wih a bachelors in the fall of 2005. I bought my first home on march 2006 and now am trying to pay down all my high interest credit cards so i can get rid of my debt and be able to start saving money for the future. EXPLANATION OF BAD CREDIT:I have always made it my priority to make my payments on time. I have never been late on any credit cards or loans that i have had. The only thing bringing down my fico score is my high debt to ratio which has improved thanks to the 1st loan i received:) WHAT I WILL DO WITH THE MONEY LOANED TO ME:The loan for 15,000will help me pay off the high interest credit cards and line of credit in 3 yrs or less. Wells Fargo Financial:5500 at 19.9%. LernersNY CC:400@23.3%. Wells Fargo Line:7000@14.4% HERE ARE MY MONTHLY FINANCIAL DETAILS: Last yrs Net income after payroll deductions from all sources: $ 3305+ overtime Rental Income: $1250 (I received a raise this yr which i did not include in the income additional 10Kyearly because it only shows for one month) Total monthly Income$ 4555 Mortgage 1st$ 1617+2nd $600 Car Loan and Operating Expenses: $ 0 car payed off last year car insurance: $ 90 Credit cards and loans that won't be paid off with my Prosper loan: $50 WW CC @9% $50 Cit @9.9 ther: $ 100 extra for the month 1st prosper loan 363 Total Monthly Expenses : $ 3020 I will have $1535 left to make the payments on my Prosper loan. CLOSING REMARKS TO LENDERS: As you can see, my ultimate goal is to be financially free and be able to start saving for my future. Thank you for your time and hope you can invest in me and trust me to be able to pay you back on time. If you have any questions please feel free to send me a message. Thank you,:) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 107686 | Paying off revolving debt and property taxes | D | $20,000 @ 20% | Mar 06, 2007 | Withdrawn |
| 107702 | paying off revolving debt to bring up my fico score | D | $20,000 @ 19% | Mar 06, 2007 | Withdrawn |
| 108036 | Loan to pay off all my revolving debt and improve my fico | D | $20,000 @ 18% | Mar 07, 2007 | Withdrawn |
| 108718 | Paying off high interest revolving debt | D | $16,153 @ 17% | Mar 08, 2007 | Withdrawn |
| 109766 | Paying off my revolving debt and cutting up the credit cards | D | $16,135 @ 20% | Mar 12, 2007 | Expired |
| 114718 | Paying off my revolving debt and cutting up the credit cards | D | $10,000 @ 18% | Mar 22, 2007 | Loan created |
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