Pay Off Deceptive Credit Card
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,001.00 | Status: | Cancelled |
| Grade: | B | DTI: | 22% |
| Lender Rate: | 13% | Borrower: | heavenandearth |
| Finished | State: | MA | |
| Funded: | 100% | Group: | VietOne |
|
Here we go. Hopefully, fourth time's a charm. I have my starting interest rate set at the max allowed: 17.47%. This is my second loan on Prosper. I am about 50% of the way to paying off my current prosper loan ($3,700 remaining of original $6K loan taken out a little over a year ago). My original loan was used to fund other prosper loans. I am currently funding 70 loans on prosper with that money. I am currently looking to pay off a credit card balance of $4,200. I have paid down about $2,000 since my last attempt at listing this loan. I am currently asking for $6,001 so that my max interest rate could be set higher and make my listing more attractive. My problem began when I had transferred an old credit card balance over to a new credit card hoping for the 1.99% introductory rate, but after they added in the transfer fee my final balance was over my allowed limit! My new rate is now 29.99% because I had gone over the limit! I am so angry about this deceptive practice that I am not going to give them another dime!! The rest of my savings are in CD's and stocks, which I do not wish to liquidate. Total liquid assets amount to about $35,000. I make $3,280 (after-tax) per month, and pay the following items monthly: Rent: $850 (includes heat, hot water, and electric) Internet and TV: $60 Cell Phone: $100 (family plan) Food: $200 Gas for Car: $150 Other Prosper Loan: $194 Incidentals and Entertainment: $500 401K Savings from each Paycheck: $125 x 2 = $250 per month Income: $3,280 Expenses: ($2,054) 401K: ($250) That leaves me about $976 per month to pay the new Prosper loan, which should be about an additional $250 per month if my rate is around 14-15%. Feel free to contact me here on prosper if you have any questions. Thanks! Jason |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 27419 | Borrow To Lend | A | $6,001 @ 10% | Jul 29, 2006 | Loan created |
| 223960 | Pay Off Deceptive Credit Card | B | $6,000 @ 10% | Oct 31, 2007 | Expired |
| 226515 | Pay Off Deceptive Credit Card | B | $4,000 @ 10% | Nov 05, 2007 | Expired |
| 228817 | Pay Off Deceptive Credit Card | B | $4,000 @ 10% | Nov 08, 2007 | Expired |
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