Please help- title loan is killing me!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Withdrawn |
| Grade: | E | DTI: | 46% |
| Lender Rate: | 23% | Borrower: | hardworker40 |
| Finished | State: | AZ | |
| Funded: | 0% | Group: | (No Group) |
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Please help me! Background: About two years ago, my fiance and I took out a car title loan for about $5000. I was going to have surgery and we wanted to get ahead with our bills since I would not be able to work for a few months. Well, this turned out to be the biggest mistake of our lives! The monthly payment for the title loan is about $500. As a result of the title loan, my credit rating has suffered and debt ratio has increased. There have been quite a few times where we've had to sacrifice other payments in order to make the title loan payment. As you can see, I took out a prosper loan in March 2007. At this time my credit rating was a "C" and, although the loan helped a bit, I should have asked for more funding in order to cover the total title loan. As a result, I am still paying on the title loan and it has been creating quite a hardship. Purpose of Loan request: My credit score has dropped quite a bit in the past year and I am trying to do all that I can to survive until my tax refund arrives in early February. Therefore, I am requesting a new Prosper loan of $2000 to pay off the title loan completely so that I can concentrate on my other bills. Currently, I have several DQ's on my record, but I have been working with my creditors, such as AMEX, EMC Mortgage and Shell, so that I can be put on a payment plan through February when my tax refund should be about $4000 that I can put towards bills. In addition, I have taken on a second part-time job (approximately 20 hours a week) in order to catch up. Although I now have the funds to barely make my bills, I am still catching up on past overdue bills. Please help me pay of the title loan and put the extra funds into paying off my DQ's and fixing my credit!! Current Monthly net income: $3400 (both full-time and part-time jobs) plus $800 per month from fiance towards bills Current Bills: Mortage $1345 Title Loan $500 Amex $250 Shell $107 (payment plan) Discover $225 Visa $250 Sears $225 Mervyn's $40 Macy's $44 M&I Loan $295 Citifinancial Loan $225 Prosper Loan $102 Car Payment $300 Utilities $150 I appreciate you consideration and will not let you down. (If anything, my first priority will by to pay my monthly Prosper loan payment as I have done on my current loan since March). Thank you. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 108901 | Trying to consolidate debt - just need a break! | C | $3,000 @ 14% | Mar 09, 2007 | Loan created |
| 227818 | Need to consolidate & close credit cards! | D | $15,000 @ 20% | Nov 07, 2007 | Withdrawn |
| 246035 | Please help- title loan is killing me!! | D | $10,500 @ 35% | Dec 06, 2007 | Withdrawn |
| 280812 | Please help- title loan is killing me!! | D | $10,000 @ 23% | Feb 17, 2008 | Withdrawn |
| 312844 | Please help- title loan is killing me!! | D | $2,000 @ 26% | Apr 17, 2008 | Withdrawn |
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