Trying hard to regain financial footing
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Withdrawn |
| Grade: | D | DTI: | 13% |
| Lender Rate: | 5% | Borrower: | catwoman123 |
| Finished | State: | PA | |
| Funded: | 0% | Group: | (No Group) |
|
Purpose of loan: This loan, if I am lucky enough to receive one, will be used to pay off several payday loans. These loans were applied for when unexpected bills arose -- specifically, a car repair, an emergency dentist procedure and an unexpected veterinary bill for one of my two cats. I innocently started with one loan, but was soon applying for another loan (and another) just to pay the renewal fees on each loan. For those of you not familiar with payday lending, the lenders enable you to "refinance" the loan and carry the principal amount over from paycheck to paycheck. The interest on these loans is so insanely high that if you are in my current situation, a new loan literally only pays the fees on a previous loan. I piggybacked five loans in such a manner and now have them to pay off. My financial situation: I do not have the credit to be approved for a traditional bank loan and turned to Prosper in hopes of finding someone very understanding of my situation. I would like nothing more than to be lucky enough to find someone willing to help me out of this financial nightmare. If someone is generous and kind enough to help me out, I will be able to forever escape the payday loan rut and will be able to use my paycheck for rent, utilities, etc. I feel that this would give me a fresh start and enable me to regain some sense of financial security. At this point, I am wondering where the money is goint to come from to may my regular bills -- even my rent. My financial situation has improved somewhat over the years (slowly but surely), but this current situation is almost worse than where I was previously. Paying off my payday loans would lift me out of the hole I am in. I am very dependable and can ensure that if you are nice enough to give me this chance, I will be so grateful -- and a little less stressed out! At this point, I am extremely anxious about my finances and very troubled by the situation I am in. I am willing to provide any potential lenders with verification of the loans and/or any other information required that is relevant to my current financial situation. Monthly net income: $ 3916 Monthly gross income: $2,500 Monthly expenses brokrn down: Housing: $ 795 Insurance: $ 80 Car expenses: $50 (gas) Utilities: $ 100 Phone, cable, internet: $130 Food/Health & Beauty Aids: $60 Credit cards and other loans: $2000 Other expenses: $ 50 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 259856 | Trying hard to regain financial footing | D | $4,000 @ 5% | Jan 04, 2008 | Withdrawn |
| 261730 | Trying hard to regain financial footing | D | $3,800 @ 5% | Jan 08, 2008 | Expired |
| 269517 | Need to pay wage tax to avoid garnished wages... | E | $1,000 @ 35% | Jul 26, 2008 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|