Combine debts with a lower interest rate
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Withdrawn |
| Grade: | A | DTI: | 14% |
| Lender Rate: | 12% | Borrower: | BusMan83086 |
| Finished | State: | MA | |
| Funded: | 29% | Group: | (No Group) |
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Purpose of loan: I am seeking this loan to combine a few debts that I have incurred in college. I paid my own way through 4 years at a private college and I have some debt leftover that I would like to roll into one payment and pay off quickly. My financial situation: I have a great credit rating. I have never missed or been late on a payment. I own two cars which are both paid off. I co-own a transportation company that operates over 40 vehicles on a daily basis. We have almost 2 million dollars yearly in contracts. Yes that may seem like alot of money and you are asking why the heck I am asking for a loan. Well my partner and I have decided that all profits are to be reinvested into the company for the next 4 years. We take a small salary to get by on. I just want to clear these old college expenses and move on. I plan to pay off this loan in under 1 year. Monthly net income: $2310 Monthly expenses: $ 2120 ($1370 with prosper loan) Housing: $ 400 Insurance: $business expense Car expenses: $business expense Utilities: $ included in rent Phone, cable, internet: $120 cell phone Food, entertainment: $ 250 Clothing, household expenses $ 200 Credit cards and other loans: $ 750 (ELIMINATED WITH PROSPER LOAN) Other expenses: I contribute $400/mo to an IRA Leaves $940/mo to pay the Prosper Loan!! |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 245770 | Consolidate Debts with a lower interest rate | A | $10,000 @ 11% | Dec 06, 2007 | Loan created |
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