Need to refinance high interest rate loan
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 50% |
| Lender Rate: | 18% | Borrower: | twinmom88 |
| Finished | State: | WY | |
| Funded: | 100% | Group: | Pr*mise Keepers - Guaranteed funding for low-risk borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-01-31 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Jan 31, 2008 | Current |
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Purpose of loan: I took a personal loan at high interest rate to consolidate the medical debts I had from surgery a few years ago. Now I am looking to reduce the interest rate I am paying on that loan, so that I can help pay down my other credit card debt. My financial situation: I am a good candidate because I have no current deliquencies. I know in looking at my past history I have not made the best choices when it comes to credit and money. I have worked very hard the past two years to get current on all bills and keep them that way. I know I have a judgement against me from the surgery. I am in process of having this removed as the judgement was paid 2 years ago. I have learned from the past and how not paying the bills can affect myself and my loved ones. My husband and both work very hard to provide a good, happy home for our children. We are both employed with well established companies and have an excellent work history. We have 16-year old twin girls & an 11-year old boy. We are a very busy family and try to involve our children in various activies. Total Family Income & Expenses: Monthly net income: $ 4900.00 Monthly expenses: $ 3935.25 Housing: $ 1272.01 Insurance: $ 137.50 Car expenses: $ 664.20 Utilities: $ 257.00 Phone, cable, internet: $ 260.00 Food, entertainment: $ 700.00 Clothing, household expenses $ Credit cards and other loans: $ 416.29 Other expenses: $ 228.25 Current Debts: Pymt Balance House 1272.01 163000.00 Loan 145.00 4300.00 Credit One 37.00 900.00 Bank of America 15.00 425.00 Merrick Bank 31.00 1450.00 Orchard Bank 15.00 650.00 Capitol One 19.00 735.00 Cash Call 154.29 1000.00 Violin Rental - 20.75 249.00 Youth Orchestra - 27.50 110.00 Truck/Car Pymts - 664.20 32000.00 I will be paying off the loan from Cash Call saving $118.20 per month based on the pymt of $36.09. The savings will be applied towards extra on my Prosper loan and credit cards. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 268972 | Paying off high interest credit cards/loan | D | $5,000 @ 18% | Jan 21, 2008 | Withdrawn |
| 269030 | Paying off high interest credit cards/loan | D | $3,000 @ 18% | Jan 21, 2008 | Withdrawn |
| 269126 | Lower interest rate on loan. Max state % rate. | D | $1,000 @ 18% | Jan 21, 2008 | Withdrawn |
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