On the right track for good!
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,500.00 | Status: | Expired |
| Grade: | C | DTI: | 42% |
| Lender Rate: | 17% | Borrower: | bjlopeztx |
| Finished | State: | TX | |
| Funded: | 0% | Group: | 435 Supporting Lenders - Get FUNDED @ LOWER % than ANY group |
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This will be my second loan with Prosper due to my previous success and look forward to once again getting on track with my finances. I received my last loan from Prosper last spring to drain down the credit card balances and I managed to get rid of my store cards and most of my credit debt. Unfortunately, an ugly situation plummeted me back into a poor credit situation. I got a great job promotion in October of 2006 that required me to move to Florida. My company offered to pay a down payment and closing costs for my new condo in Florida and at the time I got a great offer on financing. I began renting out my condo in Texas and the plan sounded great. Unfortunately, I soon became the victim of the sub-prime crisis and predatory lending. I was misled until ONE DAY before closing that my payments were going to be $500 higher than initially planned and my interest rate 2.5% higher. I was faced with an awful situation with no place to live if I didn't not go through closing and losing $7000 money from company. I reluctantly went through the closing process and moved into my condo I though I would squeeze by with. Well I struggled for a year in Florida and I couldn't take it anymore. I hated Florida, and my finances were going down the drain. I was fed up and listed my condo and left as fast as I could. I have moved back to Dallas and started an amazing new job with great income potential. I make a decent $30K base right now and have already started earning commissions where my earnings have 6-figure potential. I am so much happier now and I plan to use the larger prosper loan to pay off my current prosper balance and pay off EVERY single credit card and debt! I am ready to take charge of this situation like never before! Income: Base Salary $1900 Rental Income $720 I also earn monthly commissions from my position that can range from $200-$2000 $2620 minimum per month plus monthly commissions Expenses: Mortgage: $378 HOA Fees: $157 Propser Loan: $256 Car, Insurance, Fuel: $450 Utilities: $100 Food and Entertainment: $200 Credit Cards: $400 Expenses: $1841 This leaves me with a cushion every month for unexpected expenses and to make the Prosper payment. I will use the new Propser loan to pay off my current Propser balance. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 15870 | Get on the path to success! | D | $8,000 @ 13% | May 25, 2006 | Withdrawn |
| 16141 | Get on the path to success! | D | $8,000 @ 17% | May 26, 2006 | Withdrawn |
| 17460 | Get on the path to success! | D | $7,000 @ 19% | Jun 02, 2006 | Loan created |
| 241802 | Get on the path to success! | C | $16,500 @ 8% | Dec 01, 2007 | Withdrawn |
| 245111 | Get on the path to success! | C | $16,500 @ 8% | Dec 05, 2007 | Withdrawn |
| 250527 | Get on the path to success! | C | $15,650 @ 17% | Dec 13, 2007 | Withdrawn |
| 254245 | Get on the path to success! | C | $15,225 @ 17% | Dec 21, 2007 | Withdrawn |
| 265352 | On the right track for good! | C | $12,500 @ 17% | Jan 14, 2008 | Expired |
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