Consolidate Revolving Debt/Financial Freedom!
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 25% |
| Lender Rate: | 10% | Borrower: | Galileos_mama |
| Finished | State: | TN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-17 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Dec 14, 2007 | Current |
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Purpose of loan: (explain what you will be using this loan for) The purpose of this loan is to pay off high interest credit card and revolving debt and make one fixed monthly payment. My financial situation: (explain why you are a good candidate for paying back this loan) I make a good living as a paralegal, and I have been a responsible user of credit and have worked very hard to establish and maintain a good credit rating, as you can see from my "AA" credit grade. I always pay my bills on time and usually pay extra on them. I have had several unexpected expenses come up over the past year that have necessitated using my credit cards - an auto accident while out of town last Christmas Day; auto repairs and maintenance; out of pocket medical expenses; veterinarian bills to care for my two cats, one of whom is newly diabetic; and home repairs, among others. With the interest rates charged on these cards, it is hard to get those balances paid down. I want to consolidate this debt and get it knocked out in three years! I have worked in the corporate world for years, but my real passion is real estate investing. My dream is to buy and renovate homes and make a nice profit doing so. Because of the debt I have acquired over the past year, I have had to put this dream on hold. The sooner I can pay this high interest debt off, the sooner I can begin investing in property and achieve personal and financial freedom. That would put me in a better position to help my family, friends and church when the need arises. It would also enable me to become a Prosper lender myself! Help make my dream come true and earn a nice return on your money at the same time! Thank you! Monthly net income: $ 2752 (after life/health/cancer insurance, 401k, flexible spending account, and car payment payroll deductions). My next pay raise will be in March 2008. Monthly expenses: $2240 Housing: $ 725 Insurance: $65 Car expenses: $225 (gas and maintenance - car payment is paid through payroll deduction) Utilities: $160 Phone, cable, internet: $110 Food, entertainment: $300 Clothing, household expenses $100 Credit cards and other loans: $355 Other expenses: $200 |
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