Never Delinquent: Debt Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,300.00 | Status: | Loan created |
| Grade: | D | DTI: | 36% |
| Lender Rate: | 18% | Borrower: | Taipans |
| Finished | State: | MO | |
| Funded: | 100% | Group: | FUTURE FINANCIAL FREEDOM 1 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 4+ months late | Origination Date: | 2007-12-27 | EricsCC ROI: | -52% |
| Status History | |
|---|---|
| Dec 27, 2007 | Current |
| Aug 12, 2008 | Late |
| Aug 28, 2008 | 1 month late |
| Sep 28, 2008 | 2 months late |
| Oct 28, 2008 | 3 months late |
| Nov 28, 2008 | 4+ months late |
|
INTRODUCTION Thank you for taking the time to look at my listing! I am a 26-year-old married father of two. I have worked 10 years as the Quality Control Manger at my families business, which is in the medical plastics industry. This will be my second Propser loan, my first one has been paid on time every month. Just as my first loan this second loan will be deducted directly out of my checking account. LOAN PURPOSE To pay off two high interest lines of credit Debts to be paid off: 1,965.00 Newegg Credit Line - Interest 21.99% 1,200.00 Maytag Credit Line - Interest 28.15% EXPLANATION OF CREDIT PROBLEMS I have a handful of high interest credit cards/lines that I have built up since buying my new home in September 2006. My wife and I got carried away getting our new home ready and got our selves up to our neck in debt. I am working 55 hours a week to try to keep us afloat. With a 4 year old my wife cannot find anything that pays well enough to cover daycare costs and we are starting to wonder if we will ever make any headway. My Income: $4,700/mo. (after taxes) BUDGET Expenses Before Prosper Loan: Credit Cards/Loans: $ 1,128.00 Rent/Mortgage: $ 1,608.00 Car Payment: $379.78 Insurance: $100 Utilities (phone, cell, gas, electric, water): $225.00 Food: $ 480 Gas: $ 180 Misc: $ 100 TOTAL EXPENSES: $4,200 LEFT OVER: $ 500.00 {Income - Expenses} CONCLUSION our biggest goal is to keep everything paid on time. And so far we have done a perfect job. It just has been very disheartening to not see any headway made on the high interest cards. With this loan we can finally get the weight off our shoulders and atleast get one of them paid off. Thank you for taking the time to consider my request! Please let me know if I can answer any questions. Sincerely, Taipans |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 124684 | Family trying to get high interest cards under control | D | $12,000 @ 18% | Apr 17, 2007 | Expired |
| 129431 | Relist : Getting rid of a high interest credit card | D | $4,900 @ 18% | Apr 27, 2007 | Expired |
| 131519 | Never Delinquent: Debt Consolidation | D | $4,950 @ 15% | May 02, 2007 | Loan created |
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