Consolidating Credit Card Debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $14,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 35% |
| Lender Rate: | 14% | Borrower: | Trustworthy77 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2008-02-20 | EricsCC ROI: | -65% |
| Status History | |
|---|---|
| Feb 20, 2008 | Current |
| May 06, 2008 | Late |
| May 24, 2008 | 1 month late |
| Jun 21, 2008 | 2 months late |
| Jul 21, 2008 | 3 months late |
| Aug 21, 2008 | 4+ months late |
| Dec 29, 2008 | Default |
|
I am looking to pay off all of my high interest credit cards. I would rather make one monthly payment to Prosper than to several different credit card companies. I have my own business consulting company and earn approximately $2,500 a month. I also have income from my rental property. My monthly gross income is $6,100.00. I would have plenty of money left over to pay off my Prosper loan. Here are my credit card balances and interest rates: MBNA American Express, $7,500 balance, 24.95%, monthly payment $350.00 US BANK, $4,500 balance, 29.99%, monthly payment $255.00 Providian Visa, $2,500, 24.99%, monthly payment, $180.00 Here is a breakdown of my monthly income: Consulting $2,500.00 Rental Income $3,600.00 ---------------------------------------- Total Income $6,100.00 Here is a breakdown of my monthly expenses: Mortgage $1,600.00 Utilities $200.00 Direct Tv $80.00 Entertainment $300.00 MBNA AMEX $350.00 US Bank $255.00 Providian $180.00 ------------------------------------- Total Expenses $2,965.00 I thank you in advance for your help in reducing my debt with a lower interest rate loan through Prosper. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 110917 | Consolidate Debt | B | $18,500 @ 17% | Mar 14, 2007 | Withdrawn |
| 112923 | Consolidating Debt | B | $18,500 @ 16% | Mar 19, 2007 | Cancelled |
| 119402 | Consolidating Debt | C | $13,500 @ 18% | Apr 05, 2007 | Withdrawn |
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