Help Paying High Interest Loans
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|Loan Status:||Default||Origination Date:||2006-07-26||EricsCC ROI:||-40%|
|Jul 24, 2006||Current|
|Oct 11, 2007||Late|
|Oct 30, 2007||1 month late|
|Nov 01, 2007||Current|
|Nov 10, 2007||Late|
|Nov 27, 2007||1 month late|
|Dec 27, 2007||2 months late|
|Jan 30, 2008||3 months late|
|Mar 01, 2008||4+ months late|
|Dec 29, 2008||Default|
I am a 35 year old married mother of 3. I have two teenage daughters and a nineteen year old son. I?ve been married for 10 years and currently live outside Denton, Tx. I work as a Procurement Specialist and have been employed with my employer for 4 years but have been in the Purchasing field for 15 years.
Why I need a loan:
I need to pay off some payday loans which I took out in a moment of stupidity. My husbands car broke down several weeks ago and repairs ran at $1300. At that time I took out 3 payday loans totaling $1500. Big mistake, I know this now but at the time I had no choice. My husband and I both commute over 50 miles a day to work but unfortunately in different directions so we could not carpool. We had no choice but to fix the car. I soon realized what a huge mistake I had made as the interest only is totaling $700 a month! I would love to get rid of these and start putting that $700 a month to a worthwhile cause.
Reasons I believe I am in the E credit category:
A couple of years back when I still had no idea of the importance of credit I had a charge off and some medical collections. I have been working hard on my credit and have had no delinquencies in the past 2 ½ years. All my current accounts are being paid on time. Please call or email me for explanations on any items on my credit report.
Reasons to fund me:
Though I have some past blemishes, my current credit accounts are all in good standing and being paid on time every month. I will be able to pay them down faster if I could get rid of the payday loans that are just wasting my money. I am a very honest hard working person that just needs a chance. Protecting my credit rating is very important to me as I would like to buy the home I am currently renting within the next year.
Paying back fellow Prosper members would be of the utmost importance to me.
What the money would be used for :
I would pay off the three payday loans. Two at $600 and one at $650. and also pay down one high interest credit card.
Take home pay per month is approximately $2848.
Expenses (per month):Rent - $600
Insurance - $85
Utilities - $250
payday Loans - $700
Credit Cards - $800
Amount left over:
$213 but without the payday loans the left over amount would be $913
Thank you for your time and consideration. Please contact me if there are any questions.