Debt Consolidation After Home Purchase-Relist/address verif
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | AA | DTI: | 26% |
| Lender Rate: | 9% | Borrower: | mawilliams24 |
| Finished | State: | FL | |
| Funded: | 100% | Group: | Super Clean Credit |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-12-11 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Dec 10, 2007 | Current |
| Jan 26, 2010 | Late |
| Feb 13, 2010 | 1 month late |
| Mar 12, 2010 | 2 months late |
| Apr 12, 2010 | 3 months late |
| Apr 22, 2010 | 1 month late |
| May 13, 2010 | 2 months late |
| Jun 12, 2010 | 3 months late |
| Jul 12, 2010 | Default |
| Sep 14, 2010 | Paid |
|
Purpose of loan: I currently have 3 high interest rate credit cards/lines of credit that I would like to consolidate into one loan with a lower rate. Doing so will help me eliminate my debt faster and will hopefully save my credit rating. I am relisting because Prosper mistyped the part of my address and could not verify my address. My financial situation: I am a good candidate for this loan because I have (for several years to date) paid all of my bills on-time and I desperately need to get my credit cards/lines of credit under control with a lower interest rate in order to save money for emergencies and retirement. I am currently employed as an Implementations Engineer for a technology-based company. Monthly net income: $ 3821.50 Monthly expenses: $ 3140.45 (which would decrease if I could make one low monthly payment for my credit cards instead of four or more) Housing: $ 1310.45 Insurance: $ 350.00 Car expenses: $ 500.00 Utilities: $ 150.00 Phone, cable, internet: $ 80.00 Food, entertainment: $ 150.00 Clothing, household expenses $ 100.00 Credit cards and other loans: $ 450.00 Other expenses: $ 50.00 Expendable income: $ 681.05 Current Loans: $ 8525.29 Credit Card #1: $ 2000.00 (at 23.99% APR) ? Want to pay off Credit Card #2: $ 3525.29 (at 23.99% APR) ? I plan to reduce this one but not pay it off (I don?t want to borrow too much) Credit Card #3: $ 2450.00 (at 24.99% APR) ? Want to pay off Credit Card #4: $ 550.00 (at 19.8% APR) ? Want to pay off I originally acquired all of this debt because I recently purchased a home and needed to buy everything necessary to furnish it (i.e. appliances, furniture, etc.). I have developed a plan to eliminate all of my debt (with the exception of my mortgage and student loans) within the next 5 years. I am also in the process of developing a plan to save for emergencies (which is another reason I need to cut back on what I am paying in interest). Over the last 4 months, I have cut my spending by approximately $250 per month, but I realized that I could spend even less if I did not have such high interest rates and if I were making one payment instead of four or more per month. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 229148 | Debt Consolidation After Purchase of Home | AA | $7,500 @ 9% | Nov 09, 2007 | Cancelled |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|