Paying off credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $11,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 24% |
| Lender Rate: | 20% | Borrower: | Nil2008 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-19 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Dec 19, 2007 | Current |
|
Purpose of loan: I had withdrawn my earlier three listings in three days as I guess I was asking too much ($ 24,000) at one time to clear my debts in one go with my current credit score of C. I have decided to go in steps and am listing this so that at least third of my credit card debt is cleared immediately and it helps me to increase my credit score. I am home owner and my account is verified and even given permission to have my account debited directly for monthly payments to Prosper. I have come to know about this site only in last week and I am finding it very interesting as I am learning more and more about its operation and look forward to become active LENDER in near future. This loan will be used to pay off my high interest credit cards which were used extensively to buy furniture last year when I purchased my new house. I am fedup of paying high interest rates to banks and want to be debt free in next three years. My aim is to immediately reduce the loan to one-third so that my credit score improves. I have stopped using my credit cards totally. My financial situation: I am a good candidate for this loan because? I am God fearing and disciplined person and have been honoring all my committments to pay for about 22 small/big accounts without any delay/default. I would continue to do so. I do make additional money from my bonuses and performance incentives which is paid quarterly and is about $ 10,000 anually over and above my monthly pay. My wife has also got a permanent job and she is earning $ 1500 per month net. Can you help me in transferring my loan from high interest credit cards to Prosper? I guarantee you that you would never be dissapointed from my side. Monthly net income: $ 6100 (including my wife's salary of $ 1500) Monthly expenses: $ 3825 Housing: $ 1750 Insurance: $ 125 Car expenses: $ 200 Utilities: $ 200 Phone, cable, internet: $ 175 Food, entertainment: $ 225 Clothing, household expenses $ 150 Credit cards and other loans: $ 900 Other expenses: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 245654 | Paying off credit cards | C | $24,000 @ 25% | Dec 06, 2007 | Withdrawn |
| 246280 | Paying off credit cards | C | $24,000 @ 30% | Dec 07, 2007 | Withdrawn |
| 247923 | Paying off credit cards | C | $9,000 @ 27% | Dec 10, 2007 | Withdrawn |
| 404955 | Paying off credit cards | C | $16,000 @ 21% | Sep 27, 2008 | Expired |
| 410326 | Paying off credit cards | C | $16,000 @ 35% | Oct 08, 2008 | Expired |
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