Paying off loans from family
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|Loan Status:||Paid||Origination Date:||2008-02-15||EricsCC ROI:||16%|
|Feb 15, 2008||Current|
|Feb 09, 2011||Paid|
Purpose of loan:
I have approximately $18,500 in debt owed to family members with interest rates ranging from nothing to 20% (depending on the family member) that I would like to pay off. Anyone who has borrowed money from family know that paying them back is more important that inviting them to Thanksgiving dinner.
My financial situation:
Now that I have the majority of my CC bills paid off, I am in a position to make payments on this loan. I am trying to take small steps in getting myself completely out of debt, a little at a time. I have finished with the CCs, moving onto these obligations and then to paying off vehicles and low interest rate school loans. I hope I have proved that I will make these payments with the last loan from prosper and that you can count on me to make these payments.
Monthly net income: $ 4,702
Monthly expenses: $
Housing: $ 940
Insurance: $ 100
Car expenses: $ 380
Utilities: $ 230
Phone, cable, internet: $ 120
Food, entertainment: $ 450
Clothing, household expenses $ 400
Credit cards and other loans: $ 60
Other expenses: $ 200
(The monthly expenses have not changed that much since the last loan, except for a drop in the credit card debt and other expenses that covered a monthly installment debt).
|Borrower's Other Listings|
|171826||Paying off High Interest CC and Health Care Bill||B||$9,000 @ 16%||Jul 18, 2007||Withdrawn|
|174273||Paying off High Interest CC debt||B||$4,500 @ 11%||Jul 22, 2007||Loan created|