Help Me Reduce My Debt By $700 A Month-Good Payer
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 46% |
| Lender Rate: | 28% | Borrower: | CMJsupply |
| Finished | State: | TX | |
| Funded: | 100% | Group: | 435 Supporting Lenders - Get FUNDED @ LOWER % than ANY group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-08-02 | EricsCC ROI: | 28% |
| Status History | |
|---|---|
| Aug 01, 2006 | Current |
| Oct 17, 2006 | Late |
| Nov 06, 2006 | Current |
| Nov 22, 2006 | Late |
| Dec 07, 2006 | 1 month late |
| Dec 08, 2006 | Current |
| May 12, 2007 | Payoff in progress |
| May 17, 2007 | Paid |
|
Hello everyone, I have an E rating with 46% ratio, however I only have 1 current delinquent and no other delinquints in the last 7 years. I also don't have any public records in the last 10 years. The credit that has been extended me has become too much to bear. I am looking to borrow $25,000 and am willing to start at my states limit and see what it gets bid down to. Now a little about me and then what will I do with the money. I have worked at the same job, 11 years in December. I work 10 hours a day M-F and 4 hours every other Saturday. I am a dedicated, hard working, responsible person and employee. I have a beautiful wife and 3 amazing kids, the oldest which had brain surgery about 6 months ago, still got straight A's though. Amazing. My wife works at our Church and we try to raise our children to our high Christian values. With this loan I will reduce my monthly obligations as you will see below. 25,000 - 1000 Mastercard $9800.00 Balance - This is the 1 Delinquent I have - at the credit union I bank with at that. I am learning a lesson here. My card was like $20 over the limit when I was in there one day and a loan officer told me to make a payment towards it and don't let it go over the balance. Since the account is also where I do my banking I see the account online and can make payments to it online through my checking account. I was keeping the balance below the limit and just tossing my statements in the shredder. After about 9 months I was then $900 past due. I was making payments every month - about $200 and it should have been $300. I will pay 1000 towards this card and get it current. It has a good 9.9% rate so I don't want to pay it off 1st. 24,000 - 1600 120 per month Citi Credit Card Pay Off - I have been reducing this card since it had a 4,500 balance. 22,400 - 4700 195 per month MBNA Credit Card Pay Off - I have been reducing this card since it had a 9996 balance. 17,700 - 2700 140 per month Wells Fargo Loan Pay Off - I have been reducing this loan since it had a 5000 balance. 15,000 - 3000 500 per month My Landscaper Pay Off - I have been reducing this loan since it had a 12,000 balance. 12,000 - 1400 110 per month Wife Capital One Pay Off - I have been reducing this card since it had a 5000 balance. 10,600 - 3700 240 per month Wife Mastercard Pay Off - I have been reducing this card since it had a 12,000 balance. 6900 - 4900 280 per month Credit Union Loan Pay Off - I have been reducing this loan since it had a 9,400 balance. 2000 - 2000 140 per month Wife Chase Mastercard Pay Off - I have been reducing this card since it had a 6,000 balance. These payments = 1725 per month. A 29% loan for 25,000 would equal 1047 so I would almost save 700 per month and have this debt wiped out in just 3 years. Plus that is at the worst rate. I should be able to get my rate bid down with just the 1 delinquent. I just pulled all this info off my free anual credit report.com My credit rating here on prosper says I have 58 revolving accounts. 75% of those have been paid but stay on my report. I counted and I have 19 accounts currently active. That includes my house and both cars, still alot but after this loan will only be 11. How do I repay the loan if I lose my job. I have 60,000 to 80,000 equity in my house, 55,000 in a 401k and a home business which I sell 150 to 200 items on Ebay. This brings in 1000.00 to 2000.00 per month. Hopefully I have laid it all on the line. Let me know if you have any questions or need any clarification. I think you for taking the time to ready my listing. |
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