Computer System Administrator Credit Card Payoff! No DQ's!!
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | C | DTI: | 33% |
| Lender Rate: | 22% | Borrower: | PJL982 |
| Finished | State: | MD | |
| Funded: | 100% | Group: | Future Innovations |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-14 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Jan 12, 2008 | Current |
|
Hello and thank you for considering my loan request. I am currently a Computer System Administrator working as a government contractor at Fort Meade in Maryland. I also attend Excelsior College in Albany, NY where I am only two semesters away from graduating with a BA in Psychology. Hurray!! After graduation I plan to continue my education by attending Argosy University in Virginia to receive a Doctorate in Clinical Psychology (PsyD). Additionally, I am an entrepreneur striving to gain financial independence. At the present time I own two rental properties and am negotiating the purchase of a bulk candy vending route. As a licensed Realtor and a member of WIRE (Women Investing in Real Estate), I also frequently attend the Maryland Association of Real Estate Investors and the Central Maryland Association of Real Estate Investors monthly meetings. I financed the renovation of my two rental properties on my credit cards. I will NEVER do that again. I now realize I could have received a purchase and renovation mortgage instead of simply a purchase mortgage. You live and you learn. Presently, I am working with a corporate credit coach who is helping me separate my business and personal credit. Within the next year I will be able to purchase and renovate property in my business? name only, without utilizing my personal credit. I also have a business coach assisting with the restructure of my business entities for maximum asset protection and tax deductions. I am the eldest of eight children. My father is a computer systems analyst. My mother is a homemaker who used to be a registered nurse. She took an extended sabbatical to stay home and home school all of us. My primary motivation for gaining financial independence is to help my parents have a comfortable retirement. They have sacrificed a lot. My top three future goals are to consolidate and payoff ALL my unsecured debts; save enough money to travel extensively in 2009/2010, and become conversationally fluent in both Spanish and Japanese. If I am fortunate enough to be funded through Prosper, the money will be used to payoff the credit card debt incurred from my renovations. Credit Cards to Payoff: American Express: $12,000.00 @ 18% MBNA: $5,802.00 @ 20% Citi: $5160.00 @ 22% Orchard: $1,664.00 @ 26% The three most recent inquires on my credit report are from a real estate deal that fell through. Monthly Net Income: I earn $3,295/mo. net from my job as a system administrator, plus $695 in net rental income from two properties for a combined total of $3,990/mo. net. Additionally, I have accumulated over $90,000 in property assets, investments and retirement savings. Monthly Expenses BEFORE PROSPER Loan: $2,996.00 Housing: $836 Insurance: $113 Car expenses: $356 Utilities: $266 Phone, cable, internet: $105 Food, entertainment: $245 Clothing, household expenses: $50 Credit cards: $1,025 (eliminated with Prosper loan) Monthly Expenses AFTER PROSPER Loan: $2,837.00 As you can see, I will have over $1,153.00 left with which to pay my Prosper loan. My personal finances are good and improving my ?C? credit score rating is a top priority for me. Paying off my credit cards will raise my credit rating substantially. I want to assure the Prosper lenders that I am a safe investment. Repaying this loan will take precedence above anything else. The payments will be automatically deducted every month. I have NEVER made a late payment and do not intend to start now. I will make my payments on time and never default on this loan. Thank you very much for your time and attention. |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|