Escaping the Banks & Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $18,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 33% |
| Lender Rate: | 21% | Borrower: | civilwarbuff |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-29 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Jan 30, 2008 | Current |
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Purpose of loan: This loan is for one thing and one thing only - to pay off my remaining debts to the bank and a few credit cards. It's an old story, but I've worked years to reduce my debt from a much bigger amount down to what it is today and I can't wait to get out of the clutches of these banks that charge ever-increasing rates and fees. It's as if they know I'm almost free of their hold and they keep sending me more invitations with new and better offers, all the while charging me fees for paper statements and increasing my interest rates for no reason. No good can come from my long relationship with these banks, this loan will help me break free from these predatory institutions for good, and complete my long road from overwhelming debt to being debt free. My financial situation: I've always been very careful with money management and balancing credit usage with income. A few years ago I was supporting my family and my parents due to my dad's bout with two cancers. He's recovered and so have our finances. I learned, going through that period, that I can weather most any financial storm. Monthly net income: $3500 for me and $2800 for my wife, who has been in this with me through thick and thin! Monthly expenses: $ Housing: $ 1400 Insurance: $ 80 Car expenses: $ 300 Utilities: $ 175 Phone, cable, internet: $ 85 Food, entertainment: $ 100 Clothing, household expenses $ 120 Credit cards and other loans: $ 120 Other expenses: $ 200 Prosper payment: up to $1,000 |
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