Debt Free & Want to Re-Establish Credit/Raise Credit Score
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,001.00 | Status: | Loan created |
| Grade: | HR | DTI: | 19% |
| Lender Rate: | 27% | Borrower: | lwright |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-13 | EricsCC ROI: | 23% |
| Status History | |
|---|---|
| Dec 13, 2007 | Current |
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(relist - withdrew first 3 listings to join group, up interest rate, and make corrections) Purpose of loan: Hi all! Thanks for your consideration. The purpose of this loan is simply to help re-establish a good credit score and a sufficient credit file. I paid off all my debt 5 - 7 years ago (including student loan, department store credit cards, major bank credit cards, and auto loan), and have not opened any new lines of credit since. I thought this was a good idea, but now realize that my credit file is similar to a person with no credit history. My plan is to simply put this money into my savings account and apply it monthly towards the repayment of this Prosper loan. That's the clear and simply truth. My financial situation: I am debt free, and have been so for over 7 years. As you can see below, I have several stable sources of income, and very little comparable expenses. I purchased a car over 5 years ago, which I still drive, and it is still in excellent condition. My home is an inherited asset, and I share the living expenses with a roommate. All of my credit cards and department store accounts were established in college, and I have paid all of my debt off in full. None of my credit reports contain ANY negative information. My personal situation: I personally live a very comfortable but modest life. My only splurges involve my one son. I want him to have the best. The re-establishment of my credit is important to me so that I can receive a low interest rate whenever I do decide to buy a new car or new home in the future. I will probably purchase a new car within the next 3 years, and maybe a new home in the much more distant future. Monthly net income: $3000.00 Income sources: - I am a self-employed professional graphic designer. - Roommate/rental income - My monthly income also includes profits from investments in the stock market (I've become rather good at it over the last few years). Monthly expenses: Car insurance: $35.00 Utilities: $100.00 (shared) Phone, cable, internet: $80.00 (shared) Food, entertainment: $380.00 (shared) Clothing, household expenses: $75.00 Other expenses (child school tuition, auto gas, etc.): $480.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 142019 | Expansion of established business | HR | $3,001 @ 24% | May 23, 2007 | Withdrawn |
| 142071 | Expansion of established mobile marketing business | HR | $4,500 @ 24% | May 23, 2007 | Withdrawn |
| 142080 | Expansion of existing mobile marketing business | HR | $3,001 @ 24% | May 23, 2007 | Expired |
| 148067 | Expansion of existing mobile marketing business | HR | $3,001 @ 21% | Jun 06, 2007 | Expired |
| 244505 | Debt Free & Need to Re-Establish Credit/Raise Credit Score | HR | $3,001 @ 26% | Dec 05, 2007 | Withdrawn |
| 244954 | Debt Free & Need to Re-Establish Credit/Raise Credit Score | HR | $3,001 @ 27% | Dec 05, 2007 | Withdrawn |
| 244967 | Debt Free & Need to Re-Establish Credit/Raise Credit Score | HR | $3,001 @ 27% | Dec 05, 2007 | Withdrawn |
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