Paying off loans from family
| Listing Information | |||
|---|---|---|---|
| Amount: | $18,500.00 | Status: | Loan created |
| Grade: | A | DTI: | 35% |
| Lender Rate: | 16% | Borrower: | Honest_Borrower |
| Finished | State: | UT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-02-15 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Feb 15, 2008 | Current |
| Feb 09, 2011 | Paid |
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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| 171826 | Paying off High Interest CC and Health Care Bill | B | $9,000 @ 16% | Jul 18, 2007 | Withdrawn |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 |
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