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Re-List: Help Me End The Payday Loan Cylce

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Listing Information
Amount: $2,500.00 Status: Loan created
Grade: HR DTI: 30%
Lender Rate: 28% Borrower: WasntTheBrightestCrayonInTheBox
Time Left: Finished State: TX
Funded: 100% Group: Sonic Lenders
Loan Information
Loan Status: 4+ months late Origination Date: 2006-07-18 EricsCC ROI: -43%
Status History
Jul 19, 2006 Current
Oct 06, 2006 Late
Oct 17, 2006 Current
Jun 03, 2007 Late
Jun 13, 2007 Current
Nov 02, 2007 Late
Nov 23, 2007 1 month late
Dec 19, 2007 2 months late
Jan 19, 2008 3 months late
Feb 19, 2008 4+ months late

I am relisting, because Prosper rejected my income verification. It was not made clear that I could only provide my income for verification purposes. I have a live in bf who pays several bills, and in Texas we have a common law marriage, so I assumed his income could be included in our household total. Since it cannot I am forced to re-list. I appreciate your support on this re-list!!!

Purpose:
I am listing again w/ more detail & a lower loan amount. I am requesting $2500. I have 3 loans = $2,102 & 2 outstanding debts = $426. I pay $300/month just to roll-over & pay the interest on the loans.

Loan and debt detail:
EZ Loan - $690
Cash America - $625
Check-N-Go - $786
Target - $75
SBC - $351

Credit Grade:
I am HR because my credit report shows 38 delinquencies. Please see my profile for a more explanation & my action plan.

Current Budget:
Expenses:
Rent: $429
Car: $260
Gas/Ins: $250
Payday Loans: $300
Misc: $75
Total : $1314

Groceries, electric, phone and other bills are paid for by my son?s farther

Income: $1329/month ? SSI direct dep
Total: $1329

Remaining: $15/month

$2500 at my state?s max rate = payments of $102.73/mnth

New Budget: (w/out payday loans)
Expenses:
Rent: $429
Car: $260
Gas/Ins: $250
Prosper Loan: $105
Hospital Bill: $100
Misc - $75
Total: $1219

Income: $1329/month ? SSI direct deposit ? due to my husbands death
Total: $1329

Remaining: $110/month

Borrower's Other Listings
19216 Trying to pay off old debt so I can start over my new life HR $2,800 @ 29% Jun 12, 2006 Expired
20530 Stressed2theMax HR $2,800 @ 29% Jun 19, 2006 Expired
21219 Lookin for a breath of air before We drown HR $2,800 @ 29% Jun 22, 2006 Withdrawn
21711 PaydayloansHater HR $2,800 @ 28% Jun 26, 2006 Withdrawn
21784 Trying to get out of the payday loan cycle HR $2,800 @ 28% Jun 27, 2006 Withdrawn
22355 WasntTheBrightestCrayonIntheBox HR $2,500 @ 28% Jun 30, 2006 Withdrawn
22363 Re-List: : Please Help Me Break-Out of The Payday Loan Cycle HR $2,500 @ 28% Jun 30, 2006 Cancelled
24145 Relist: Please Help Me Break Out Of The Payday Loan Cycle HR $2,500 @ 28% Jul 11, 2006 Withdrawn

 

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