Consolidation on 4 credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $13,200.00 | Status: | Withdrawn |
| Grade: | C | DTI: | 83% |
| Lender Rate: | 19% | Borrower: | thecubanheat |
| Finished | State: | CO | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: Hi there everyone! I just finished paying off my first Prosper loan and am now posting for a second loan to consolidate my high interest credit cards. I am sick of having to mark due dates on my calendar for each and every statement, and boy, it would just be nice to have one payment to one creditor. I liked the online payment system of my last Prosper loan, and I was actually able to pay off the loan faster than I had expected. My financial situation: Here's the latest balance and interest rate information on the cards I would like to consolidate: Card 1: $3483.64 balance 25.30% $120 minimum roughly Card 2: $2549.86 balance 24.24% $75 minimum roughly Card 3: $2195.97 balance 20.24% $65 minimum roughly Card 4: $4875.02 balance 13.25% $100 minimum roughly (this is a low APR, but the balance is my highest) As you can see, this is pretty painful, and consolidating would be a blessing. I am tired of dealing with multiple payments. Too bad the banks aren't helping me out. Monthly net income: $ 2800 I'm a valet and I live off of minimum wage plus tips. It's actually a pretty good job. Monthly expenses: $ Housing: $ 456 rent (my half) Insurance: $120 (automatic deduction from paycheck) Car expenses: $ 80 gas Utilities: $ 60 (my half) Phone, cable, internet: $ 75 combined Food, entertainment: $ 80 Clothing, household expenses $ N/A (I don't need a huge wardrobe) Credit cards and other loans: $ 200 automatic student loan payment. see above for credit card payments Other expenses: $ N/A TOTAL MONTHLY EXPENSES: $1431. That leaves me with around $1300 left. Considering I am wanting to save a few hundred a month, I am going to allot $1000 towards this Prosper loan per month. It's not showing me what the monthly payments would be just yet, but I'm sure it's under $1,000 for sure. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 92097 | Want to turn multiple creditor payments into one! | C | $20,000 @ 20% | Feb 01, 2007 | Withdrawn |
| 99177 | Catch up on bills | C | $2,500 @ 17% | Feb 13, 2007 | Loan created |
| 248453 | Want to pay off personal loan ASAP | C | $1,250 @ 18% | Dec 10, 2007 | Loan created |
| 300508 | Paying off highest balance credit card | C | $8,000 @ 18% | Mar 27, 2008 | Withdrawn |
| 301129 | Paying off my high APR/highest balance credit card | C | $7,200 @ 18% | Mar 28, 2008 | Withdrawn |
| 301146 | Paying off high APR/ highest balance credit card | C | $7,200 @ 18% | Mar 28, 2008 | Withdrawn |
| 303586 | 3rd Time Prosper Borrower | C | $3,500 @ 18% | Apr 02, 2008 | Loan created |
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