Help Paying High Interest Loans
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,500.00 | Status: | Loan created |
| Grade: | E | DTI: | 22% |
| Lender Rate: | 22% | Borrower: | reginardz |
| Finished | State: | TX | |
| Funded: | 100% | Group: | PsychDoc's Group |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2006-07-26 | EricsCC ROI: | -40% |
| Status History | |
|---|---|
| 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 |
|
About Me: 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. Monthly Budget: Take home pay per month is approximately $2848. Expenses (per month):Rent - $600 Insurance - $85 Utilities - $250 payday Loans - $700 Credit Cards - $800 Misc-$ 200 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. Thanks!! |
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