Pay off CITI
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,900.00 | Status: | Loan created |
| Grade: | C | DTI: | 15% |
| Lender Rate: | 17% | Borrower: | LD3Design |
| Finished | State: | CO | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-02 | EricsCC ROI: | 14% |
| Status History | |
|---|---|
| Dec 30, 2007 | Current |
|
Purpose of loan: Pay off High Interest CITI card My wife and I are in the process of helping our daughters in college. While doing so we have decided the best way we can help them is to get our bills paid off. We are in the process of paying off/down a number of credit cards that are in my name and have managed to pays over $3500.00 towards our credit cards this month. I have a CITI card that I would like to pay off as well. I figure why pay large corporations all that interest when I would rather pay fellow prosper members. I realize that my credit score has fallen because of a couple of financial moves I have made such as refinancing our home mortgage into my name only. We have done this so that my wife can assist the kids with student loans. For those of us that have kids in college you understand that the old traditional financial aid does not exist. Kids these days either have to pay their own way or have their parents help. My wife and I have chosen to assist our kids while in school so we have separated our finances. My DTI is still in good shape and is getting better as I continue to pay off/pay down credit cards. I have always paid my debts and will continue to do so. I have an active loan with prosper and you will see that I have never missed a payment. My financial situation: I am stable in my employment, and have been in the same career field since I graduated from college. I have continued to advance with the company and I am currently assigned to a project which is scheduled through June 2010. Although my wife income was not utilized, she is fully supportive of this request. I would also like to state that my 401K which could be utilized to pay this debt if circumstances dictated. Monthly net income: $ 5562.00 Monthly expenses: $ Housing: $ 2300 Insurance: $ 250 Car expenses: $ 109.00 Utilities: $ 200 Phone, cable, internet: $ 150 Food, entertainment: $ 300 Clothing, household expenses $300 Credit cards and other loans: $ 500 Other expenses: $ 200 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 134358 | Educational Expense | A | $3,000 @ 11% | May 08, 2007 | Withdrawn |
| 135621 | Educational Expense | A | $3,000 @ 9% | May 10, 2007 | Loan created |
| 248641 | Pay off CITI | C | $4,000 @ 19% | Dec 10, 2007 | Expired |
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