Paying off my high interest credit cards!
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 36% |
| Lender Rate: | 14% | Borrower: | architect |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-17 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Dec 14, 2007 | Current |
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Purpose of loan: This loan will be used to pay off some high interest credit cards and to improve credit score. My financial situation: I am a good candidate for this loan because I have never been late on a payment - credit card, car payment, rent, phone bill, parking ticket, you name it. NEVER been late. I graduated from University of California in 2001 and had a fulltime job in the architecture since then. I'm a pretty conservative guy overall and don't like high risk. I have been a lender at prosper for over a year and have 40+ loans right now but a couple of my credit cards have increased their interest rate after the low teaser rate expired so I'm looking to pay those off. I am also aiming to improve my credit score to the A category because I'm want to buy a house within the next year (depending on the market) so I want to accelerate my savings for a nice down payment. Monthly net income: $ 3300.00 Monthly expenses: $ 2250 Housing: $ 0 (live with parents to save money for down payment, luckily parents pay for utilities, phone, etc.) Insurance: $ 150 Car expenses: $ 500 (loan) Utilities: $ 0 Phone, cable, internet: $ 0 Food, entertainment: $ 400 Clothing, household expenses $ 200 Credit cards and other loans: $ 1000 (will drop after consolidation of credit cards with prosper funds) More Info: I just got my auto dealer license and will be helping my dad start an auto dealership. We have built a sizable inventory are anticipating to open business in March 08. He will be paying for all the business expenses (no money from this prosper loan will be used in the business). Anyways, I will be getting a portion of the profit from the business for my work and sales, which will definately boost my take home pay, maybe even more than what I make at my full time job haha :) I will be keeping my full-time architecture job (dad will not let me quit my career as I don't want to either). I did not include this extra income in my monthly net pay number above. I am also studying for my architecture license exams and plan on completing them within a year. Once I get my license, my take home pay will definately increase from my job. I have been with my current employer for over 2 years and love it! *relisted with the correct income |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 245588 | Paying off my high interest credit cards! | B | $18,000 @ 16% | Dec 06, 2007 | Withdrawn |
| 245658 | Paying off my high interest credit cards! | B | $18,000 @ 16% | Dec 06, 2007 | Withdrawn |
| 245731 | Paying off my high interest credit cards! | B | $15,000 @ 16% | Dec 06, 2007 | Withdrawn |
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