I don't want to have to pay a big corporation for this Loan!
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 23% |
| Lender Rate: | 18% | Borrower: | mozartsghost |
| Finished | State: | OH | |
| Funded: | 100% | Group: | Brighter Financial Future |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-28 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Dec 27, 2007 | Current |
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**First of all, Thank you to everyone who bid on my previous listing(s), I have increased the interest rate to the state allowed maximum to show I am serious about getting this loan to sell my truck. This is going to be my last attempt to get a loan to pay off this SUV from prosper. I am approved through Citi-Financial but I would much rather pay People back instead of a corporation... 3rd time's the charm! (With your help of course!!) I really feel I am a No-Risk Borrower and I am a current lender on Prosper... Purpose of loan: To pay down my Ford Excursion in order to sell the vehicle and eliminate the $700 per month payment. I have a buyer for the vehicle but need to pay down the truck by approx $8,000 dollars in order to get down to it's actual value thanks to gas prices... My financial situation: By Eliminating my vehicle payment I will free up over $850 per month, (Insurance and payment) My Credit Score is a bit low thanks to some poor choices about 5-7 years ago. When I was Just out of high school I ran up a bunch of debt and paid the price with my credit rating. I learned from that mistake and paid everything off but the reminder of that bad time remains on my credit report. If I simply paid my minimum balances each month and paid my bills I would have $700-$800 left over, With this loan and the sale of my truck this should increase this excess to over $1000 per month while taking on the $330 prosper payment. (I will have the prosper loan automatically taken out of my checking each month) A little more about me: I am a Regional Performance Improvement Supervisor with Con-way Freight, It is similar to a Solutions Engineer or Compliance Manager position. I have a work provided vehicle which I drive 90% of the time and I have a 98' BMW which I use as my weekend vehicle (It is paid off with clear title) Basically the excursion was my toy truck but my lifestyle has changed and I no longer have the need for it and can't justify the large payment for something I drive once a month... My current vehicle loan is 4 years left to pay at Approx 700 per month... I owe approx $23,000 on the truck and I was able to find a purchaser for the vehicle for $15500, which is about the actual retail on the truck... If I pay down the vehicle to 15500 I can sell it to him and eliminate my $700 payment for 4 years and convert that into $350 in 3 years As well as eliminating $150 in insurance costs) I am newer to prosper and am just getting my feet wet on the lending side but I plan to become an active lender as well as a borrower. My household expenses are very low as I am a single guy who travels 5 days a week, The company pays for my meals/expenses while traveling so the only time I spend money on myself is the weekends, as a result my non-fixed expenses are quite low... Monthly net income: $ 3400 (The change from my previous listing: Annual raise and I estimated low on my original listing) Monthly expenses: $ 2700 (The bulk of the balance goes into savings or paying down my excursion and home loan) Housing: $950 Insurance: $160 (150 for my excursion and 10 for my other vehicle) Car expenses: $700 (excursion payment, Other vehicle paid off) Utilities: $200 Phone, cable, internet: $100 Food, entertainment: $150 Clothing, household expenses $100 Credit cards and other loans: $240 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 236604 | Looking for loan to eliminate car payment | C | $9,000 @ 10% | Nov 24, 2007 | Withdrawn |
| 239041 | Looking for loan to eliminate car payment | C | $9,000 @ 18% | Nov 28, 2007 | Expired |
| 247044 | Relist* Getting Rid of a Vehicle, eliminating a 700 payment | C | $9,000 @ 20% | Dec 08, 2007 | Withdrawn |
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