Paying Debts, Expanding Business

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Listing Information
Amount: $7,000.00 Status: Loan created
Grade: E DTI: 20%
Lender Rate: 26% Borrower: LOVFOTOS
Time Left: Finished State: CA
Funded: 100% Group: A1FL
Loan Information
Loan Status: Default Origination Date: 2006-08-04 EricsCC ROI: -93%
Status History
Aug 03, 2006 Current
Sep 19, 2006 Late
Oct 05, 2006 Current
Nov 06, 2006 1 month late
Dec 04, 2006 2 months late
Dec 05, 2006 1 month late
Dec 07, 2006 2 months late
Jan 05, 2007 3+ months late
Jun 01, 2007 Default
I am going to be using this loan to do the following: pay off a $128 collection account; pay off a $2,600 CashCall loan at 40% APR! (didn't know how much I was getting abused until it was too late); the other $4,200 or so will be to try and expand my photography business into digital.  I currently do mostly weddings, the money will go for lighting/ camara equipment, website creation, and advertising.  I have been involved in my photography business for over 12 years.  My two lates are from 2001, I have had no late payments on my credit report in the last 5 years.

ALL OF MY INFORMATION HAS BEEN VERIFIED BY AMONE.

Income - $2000
Rent     - $500
Utilities - $150
Phone  - $100
Food    - $300
Gas     -  $100
Loan    -  $216
1 CC    -  $20
Leftover - $614 
Prosper loan $280
Just wanted to show that I can pay back this loan with my day job income even if my photography business doesn't begin to bring in more income : )Thank you!!
Borrower's Other Listings
25866 Pay Debts, Expand Business E $7,000 @ 24% Jul 21, 2006 Withdrawn

 

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