WRONG CARD = BAD NEWS!!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,900.00 | Status: | Loan created |
| Grade: | D | DTI: | 21% |
| Lender Rate: | 16% | Borrower: | mikkiec |
| Finished | State: | OK | |
| Funded: | 100% | Group: | FUTURE FINANCIAL FREEDOM 1 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-11-26 | EricsCC ROI: | 13% |
| Status History | |
|---|---|
| Nov 23, 2007 | Current |
|
I did something really stupid ? I took out my credit card instead of my debit card to pay for something, and went $80 over my credit limit on the card. I paid the over-limit fee and rectified the overage immediately, but was very afraid that this moment of inattention might cost me more than that. I?ve been very conscious of my credit score, meticulously paying my bills on time and not going over my credit limits, and have maintained a rock-steady score in the ?good? range for several years. But sure enough -- last month my credit score (according to TransUnion) took a 32-point hit. I attributed it to the above incident, since that?s the only negative action that took place. And then this weekend I got a notice in the mail that one of my credit cards (NOT the one I went over the limit on ? not even the same company) was raising my interest rate from 20% to 29.99% in January. I don?t know if this action is related to what I did, but I have heard of credit card companies raising people?s rates if they see negatives on ANY credit cards their customer holds. I currently have a Prosper loan, and would now like to take the second small step in my long-term strategy, and apply for a second Prosper loan to pay off this credit card. If I can lower the interest rate even a few points below the current 20% rate, it will be well worth it to pay a few extra dollars a month and get those guys out of my life for good! I am a professional desktop publisher with a stable work history. After having been in my previous position for over five years, seven months ago I got a new, better-paying job with a growing company and have already received a significant raise. I also do some freelance work, and earn at least $1000/year doing that. I am an independent, self-sufficient woman with no children. Having come through a bankruptcy and divorce almost ten years ago, I have worked my way up to buying a house last year, and am now focusing on reducing my high-interest debt so I can look forward to retirement with a more secure financial position. Following is a summary of my current financial position: Yearly Income: $36,000 (take home approximately $2250/month) Current Monthly Expenses: House Payment: $610 Car Payment: $210 Insurance: $100 Phone/Internet/Cell: $115 Utilities: $150 Food: $125 Gas: $50 Credit card payments: $325 (not including $120/month for card to be paid off) Existing Prosper Loan: $40 Misc.: $100 Total: $1,825 Available to pay off Prosper loan: $425/month With a lower-rate loan from Prosper which has a payment of perhaps $20-$30 more than the $120 minimum payment on the credit card I want to pay off, I will easily have sufficient money to pay the Prosper loan on time, every month. Thank you for your assistance! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 97365 | TIRED OF TREADING WATER!!! Reducing high-interest debt. | D | $4,000 @ 14% | Feb 10, 2007 | Withdrawn |
| 97474 | TIRED OF TREADING WATER!!! Paying off high-interest debt. | D | $4,000 @ 15% | Feb 10, 2007 | Withdrawn |
| 101005 | TAKING BABY STEPS TO FINANCIAL FREEDOM | D | $1,200 @ 14% | Feb 18, 2007 | Loan created |
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