Debt Consolidation - Help me repair credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Expired |
| Grade: | E | DTI: | 51% |
| Lender Rate: | 35% | Borrower: | coolblue830 |
| Finished | State: | CA | |
| Funded: | 0% | Group: | (No Group) |
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The purpose of the loan is to consolidate all my existing credit lines into one easier to manage loan. The main account I need to payoff is a $5000 Cashcall loan that I took to help payoff some last minute expenses when I purchased my automobile the beginning of this year. My current loan with Prosper was originally meant for that, but it ended up falling short of what I needed to pay for everything and it had already funded and everything. I have 3 other credit card accounts, all of which are under $600 balance, typically $15-$30 monthly payment a month. Car payment is around $400. Insurance is $200. I have a computer payment that is $150. The Cashcall payment is almost $297 at times. Admittedly having so many accounts all over the place and me trying to keep track of them all, has been hurting me in the past (which is why my score has been hurting), since a lot of these accounts have no option for automatically debiting my account. I actually have no problem paying, it's simply the logistical side of organizing payments for a myriad of accounts. Simply lumping them all into one payment will make it far easier for me even if the monthly payment comes out to be around the same. More specifically on the Cashcall account though, again no problem paying. In fact they are one of my few accounts that will automatically debit my bank account, hence no late payments ever on them. No lates on my Prosper account, same reason as well as for my other accounts that have a similar feature. My income is very stable and even got a raise since I posted my last prosper listing; I've worked at the same company for 5+ years. My salary pay is automatically direct-deposited into my account bi-weekly. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 88944 | Auto Purchase Closing Cost | C | $5,000 @ 13% | Jan 25, 2007 | Loan created |
| 407139 | Trying to get rid of a Cashcall acct | D | $5,000 @ 30% | Oct 01, 2008 | Expired |
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