PAY OFF HIGH INTEREST CREDIT CARDS
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Loan created |
| Grade: | E | DTI: | 5% |
| Lender Rate: | 18% | Borrower: | m2f2 |
| Finished | State: | IN | |
| Funded: | 100% | Group: | Pr*mise Keepers - Guaranteed funding for low-risk borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-06 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Feb 06, 2008 | Current |
|
Purpose of loan: The loan will be used to pay off high interest credit cards. My financial situation: I am a homeowner for almost 12 years. I have worked for the same company as an analyst and executive assistant since 1992. I need to improve my FICO score and save money by paying off my high interest credit cards. In November of 2007, I had an HR credit grade. In 2 months, my credit grade improved to an E because I managed to reorganize some of my debt. My state is an interest rate cap state. I am willing to pay the maximum interest rate of 17.78%. I do not want to make an early withdrawal/loan from my IRA or 401K so I am asking for your assistance. I have a state lien but I recently worked out a monthly payment plan with Indiana to pay off that lien. I filed for bankruptcy in October 2005. My bankruptcy was fully discharged in July 2007. Monthly net income: $ 3,900 Monthly expenses: Housing: $ 1,587 (payment will decrease to $1,000 in October 2008) Home Equity Loan: $ 150 State Lien payment: $ 150 Insurance: $ 60 Car expenses: $ 50 (I use my car only to commute to/from train station and local travel) Utilities: $ 200 Phone, cable, internet: $0 (my company pays these expenses) Food, entertainment: $ 200 Clothing, household expenses $ 200 ($100 is put away for household emergencies...see note below chart) Credit cards and other expenses: $ 600 Work commute expense: $ 110 (train to/from Chicago for work) Balance Interest Monthly pymt $179 22.8% $55 $457 23.99% $35 $3,400 16.9% $105 $281 19.9% $25 $370 24.4% $18 $743 32.7% $25 $485 24.4% $18 By getting the prosper loan, I will be able to pay off my high interest credit cards and save about $100/month which will be used to pay down on my credit card balances. In addition, I will now have open credit that I can use for emergencies. I then will be able to use the $100 I set aside for emergencies to pay another $100 down on my balances. Thank you. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 230671 | PAYOFF HIGH INTEREST PAYDAY LOANS AND TAXES | HR | $9,999 @ 18% | Nov 12, 2007 | Withdrawn |
| 230810 | PAYOFF HIGH INTEREST PAYDAY LOANS AND TAXES | HR | $5,000 @ 19% | Nov 12, 2007 | Expired |
| 267361 | PAY OFF STATE TAX LIEN | E | $2,900 @ 18% | Jan 19, 2008 | Withdrawn |
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