New Year's Resolution - Pay Down Debt!
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 22% |
| Lender Rate: | 10% | Borrower: | ljom |
| Finished | State: | WA | |
| Funded: | 100% | Group: | KoyneLoans |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-01-18 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jan 18, 2008 | Current |
| Sep 04, 2008 | Payoff in progress |
| Sep 06, 2008 | Paid |
|
I would like to start the New Year right by working towards reducing my debt. The first step is to consolidate and refinance my credit card and prosper loan, a total of $7,000. As you can see I am a responsible borrower and in fact my credit score has improved over the past few years. I did notice that Prosper is reporting me 1 payment late. The reason for that was I opened a new checking account and didn't change the information in time, which subsequently led to a returned item. I promptly paid a payment as soon as I was informed and have not been late since. As for my occupation, I have been with my current company for 2.5 years and in my profession for over 9 years. The proceeds of the loan will be disbursed as follows: $4,400 - Credit Card $2,600 - Prosper $7,000 - Total In terms of my monthly cash flow Inflows $10,000 - Monthly Household Income (Includes myself and my wife) $10,000 - Total Income $8,200 - Monthly Income After Taxes and 401k Outflows Before Loan $2,400 - Mortgage 600 - Car payment 200 - Student loan 200 - Prosper 100 - Minimum payment to credit card $3,500 - Total Loan/Card Payments $2,000 - Living Expenses $2,700 - Remainder |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 29750 | Refinance Credit Card at a lower rate | B | $6,000 @ 12% | Aug 07, 2006 | Loan created |
| 240573 | Consolidate Credit Card and Personal Loans | A | $5,000 @ 10% | Nov 29, 2007 | Withdrawn |
| 240591 | New Year's Resolution - Pay Down Debt! | A | $8,600 @ 12% | Nov 29, 2007 | Withdrawn |
| 413450 | My personal loan for an auto purchase | AA | $2,000 @ 8% | Oct 14, 2008 | Cancelled |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|