RELIST - Getting out from under high interest credit cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 65% |
| Lender Rate: | 14% | Borrower: | PixelShiftrs |
| Finished | State: | OR | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 3 months late | Origination Date: | 2008-02-12 | EricsCC ROI: | -62% |
| Status History | |
|---|---|
| Feb 12, 2008 | Current |
| Sep 27, 2008 | Late |
| Oct 13, 2008 | 1 month late |
| Nov 13, 2008 | 2 months late |
| Dec 13, 2008 | 3 months late |
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About Me & Purpose of The Loan: I currently live in Oregon, where I was born & raised, after living in Southern California for the past 20 years & I have been self employed for almost 15 years in total. In those 15 years I have owned a few companies, all in different industries. I am certainly no stranger to setting goals & going for them. Case in point, I am re listing my original listing here on Prosper.com after some greatly appreciated advice from other borrowers, lenders, & group leaders. Thanks again! The opinions & advice that was shared with me helped me look at this listing differently then I was. So here I go. I am trying to reduce my debt to income ratio & I am just tired of paying on the high interest credit cards that I have. For those who are not familiar with my original listing, it was listed $20,000 @ 19.58%, a lot to ask for being a ?newbie,? understandable. So instead of trying to lump it all together I guess I?m going to start this listing at less, $12,500 which will pay off one of my highest interest credit cards which has a balance of $9,100 at an interest rate of above 23.75% & also two smaller cards with a combined balances of $3,000 at an interest rate of above 18.75%, I know 18.75% isn?t that bad, and closing these three accounts. Which I just can?t wait to do! I am currently self employed & am in the construction industry, which as everyone knows, has taken a big hit this year. The great thing about my part of the construction industry is that I don?t specialize in only one thing. I do interior & exterior residential painting, flooring, installation of doors & windows, new construction window cleaning & regular window cleaning & decks. I work regularly with a finishing carpenter & have regular painting & set construction work with the local ABC affiliate news station on top of my own work. I guess I?m just trying to say, I do a lot of different things, a lot in the construction industry, however, not just new homes, & from what I understand, people may not be buying new homes or homes in general, so ?they are looking to put money into their home,? which is what a local realtor friend told me. Financial Situation Well my financials are pretty straight forward, you can see them right here. I owe a little less than $20,000 total in my revolving credit card debt with 75% card utilization. This is what I am trying to fix, as you can tell, I have used my credit cards & I have always paid my credit card bills. Never been delinquent or late due to not having the money. I was once recently late because I just plum overlooked the bill, first time in years, & I have no recent inquiries. On slow months I make from $2,750 to $3,000 a month & on regular months I make from $3,000 to $5,000, however, that is too hard to judge so, we will say I only make $2,750 a month, regularly. I currently am not a home owner & lease a single family home where the monthly payment is $1,090 a month which I pay half of & my roommate pays the other half & half of all other household expenses. I currently do not have personal health insurance but hope to change that very soon with the money that I will be saving with this loan. I have a total of $700 in car expenses which is a leased vehicle & insurance on two vehicles, I recently paid off my other vehicle. My share of the utilities on an average are $100 & my share of the internet, cable & my cell phone averages out to be about $75 a month. I don?t really eat out a lot these days, especially when work is slow, so I have been making all of my own meals for the past three months & don?t go out so I am putting food & entertainment at an average of $300. My credit card & other loans average about $800 a month & I will put about $100 for clothing & other expenses. On slow months, as you can see it?s tight, when it?s not slow I make good money & I pay off my bills & save a little for slow days by stashing away cash. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 267838 | Trying to get out from under high interest credit cards | B | $20,000 @ 20% | Jan 18, 2008 | Withdrawn |
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