Second Prosper Loan - Low DTI
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,500.00 | Status: | Expired |
| Grade: | E | DTI: | 22% |
| Lender Rate: | 35% | Borrower: | zo1957 |
| Finished | State: | GA | |
| Funded: | 0% | Group: | Have Money - Will Bid |
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Thanks for viewing our listing. Purpose Of Loan: We currently have a Prosper Loan which has always been ontime and current and would like to request another so that we can get a delinquent amount from a previous medical expense completely off of our credit. We are a middle-class, conservative family, own our own home and want to do everything that we can to re-build our credit and to eventually become Debt Free. Sounds strange coming from someone generating a listing to obtain a loan but, I would rather pay the investors using Prosper as an investment tool (even at a higher rate), than I would pay hospitals, credit card companies or other loan providers. Our Credit: Our credit took a hit a couple of years ago due to an extended illness but, we are getting back on track now and my wife has gone back to work full-time. We are steadily paying the bills we incurred due to the medical problems but they keep showing as delinquent on our credit until we get them completely paid off and with the new year, showed another $3,000+ as delinquent. They will continue to show delinquent until they are paid off and we want to replace them with a Prosper loan that will start off as current and will stay that way. We have another Prosper loan that has never been late and so our repayment history with Prosper is, and will remain current. My Prosper Loan will pay the following : The $ 4,500.00, combined with the tax refund that we are getting back will allow us to pay off the delinquent medical expense (approx $ 7,400) currently having a negative impact on our credit. Monthly net income: $ I will have 30 years worth of service with my company in May, so job stability is not a problem. I currently make a little over $ 100,000.00 per year and can provide current paystubs or W2's substantiating my salary. We make a good salary and are a little embarrassed to be in this position with our incomes but, just need to get over the hump to continue to make progress. Monthly expenses: $ Housing: $ 2,840.00 Insurance: $ 400.00 Car expenses: $ 475.00 Utilities: $ 250.00 Phone, cable, internet: $ 160.00 Food, entertainment: $ 350.00 Clothing, household expenses $ 200.00 Credit cards and other loans: $ 550.00 Other expenses (including medical): $ 650.00 Total: 5875.00 This loan will reduce my monthly debt by approx $ 375.00 per month, so we will easily be able to absorb the approximately $ 203.00 monthly Prosper payment. This will allow us to me more aggressive in attacking our remaining debt and build an emergency fund so that we never get into this situation again. We are now on a written budget, are working to pay off our debts, smallest to largest, and even though borrowing money is not the way to get out of debt, we feel as though getting these medical bills off of our credit history will help us to improve our credit score and to eventually refinance our mortgage. We promise that our payments to Prosper will be a top priority each month (As they have been with the current loan). We appreciate you taking the time to read our listing |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 134563 | Want To Provide Safe, Supervised Place For Teenage Daughter | E | $9,600 @ 18% | May 08, 2007 | Withdrawn |
| 135028 | Home Addition & Safe Teenage Hang-Out | E | $9,600 @ 23% | May 09, 2007 | Expired |
| 147812 | Home Improvement & Safe Teenage Hang-Out | E | $9,600 @ 28% | Jun 06, 2007 | Withdrawn |
| 151977 | Consolidate High Interest Credit | E | $7,600 @ 28% | Jun 14, 2007 | Withdrawn |
| 153290 | Consolidate High Interest Credit | E | $6,200 @ 28% | Jun 16, 2007 | Withdrawn |
| 153384 | Consolidate High Interest Credit - Low DTI | E | $5,300 @ 27% | Jun 17, 2007 | Loan created |
| 264433 | Consolidate High Interest Credit - Low DTI | E | $9,700 @ 29% | Jan 14, 2008 | Withdrawn |
| 266901 | Second Prosper Loan - Paying Medical Expenses | E | $5,000 @ 29% | Jan 17, 2008 | Expired |
| 270122 | Second Prosper Loan - Low DTI | E | $4,500 @ 29% | Jan 23, 2008 | Expired |
| 297707 | Second Prosper Loan - Low DTI | D | $5,900 @ 28% | Jul 21, 2008 | Expired |
| 374548 | Second Prosper Loan - Low DTI | D | $5,900 @ 32% | Jul 29, 2008 | Expired |
| 378487 | Second Prosper Loan - Low DTI | D | $4,900 @ 35% | Aug 06, 2008 | Expired |
| 384027 | Second Prosper Loan - Low DTI | D | $3,900 @ 35% | Aug 18, 2008 | Expired |
| 392900 | Second Prosper Loan - Low DTI | D | $4,500 @ 35% | Sep 08, 2008 | Expired |
| 399162 | Second Prosper Loan - Low DTI | D | $4,500 @ 35% | Sep 16, 2008 | Expired |
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