Looking to consolidate debt.
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 15% |
| Lender Rate: | 13% | Borrower: | Brandy28hopeful |
| Finished | State: | WA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-10 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Dec 07, 2007 | Current |
|
Purpose of loan: I'm hoping to qualify for a loan from Prosper with a lower interest rate in order to pay off my credit card debt faster. No matter how many different scenarios I come up with, nothing seems possible. The thought of it taking 20-40 years to pay off my current debt makes my stomach turn. I was barely 17 when I had my son. I was a single mother, living on my own in an apartment, raising my son and taking care of my younger sister. (It wasn't possible to live with my parents because it wasn't a safe environment for my son or my sister). I worked full-time for a little over minimum wage and put myself through nursing school with grants and student loans. Unfortunately, in order to make it on my own I ended up charging up too many credit cards. I met my wonderful husband over 5 years ago and have been married now for almost 2. We had a new beautiful baby in June which ultimately put us deeper into debt since I was on maternity leave for 4 months. Although I wouldn't change a thing! I've worked so hard to where I am today. I enjoy my life, my family, my home, my job, but the credit card debt gets me down at times. I want to be able to make just one larger payment versus multiple smaller payments. It seems to be less intimidating! And to be honest, I'd like to use just a little of it to provide my kids and husband with a wonderful Christmas! My financial situation: Although I had a bankruptcy over 5 years ago, I have worked really hard to rebuild my credit. I always make my payments on time, often more than the minimum payments. As you can see from my Prosper score, I have an A! Whoo-hoo, gotta love them A's! LOL! Monthly net income: $2800.00 My husbands $ 2300.00 (Not included in bottom scenarios). Monthly expenses: my share of expenses $ 2483.00 Housing: $ 1300.00 Insurance: $ 78.00 Car expenses: $100.00 Utilities: $ 100.00 Phone, cable, internet: $ 125.00 Food, entertainment: $ 250.00 Clothing, household expenses $ 100.00 Credit cards and other loans: $ 430.00 Other expenses: Prosper loan (takes place of credit/loan payments above) $ 430.00 Extra eac month: $317.00 |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|