Payday Loan Help!
| Listing Information | |||
|---|---|---|---|
| Amount: | $1,500.00 | Status: | Loan created |
| Grade: | HR | DTI: | 1% |
| Lender Rate: | 15% | Borrower: | blak_majik |
| Finished | State: | NY | |
| Funded: | 100% | Group: | Sonic Lenders |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2006-08-04 | EricsCC ROI: | -66% |
| Status History | |
|---|---|
| Aug 03, 2006 | Current |
| Nov 22, 2006 | Late |
| Nov 25, 2006 | Current |
| Dec 05, 2006 | Late |
| Dec 05, 2006 | Current |
| May 19, 2007 | Late |
| Jun 09, 2007 | 1 month late |
| Jul 05, 2007 | 2 months late |
| Aug 05, 2007 | 3 months late |
| Sep 05, 2007 | 4+ months late |
| Dec 28, 2007 | Default |
|
Greetings Potential Lenders. Hopefully the information I have provided below will convey to you my desperate need and desire to truly become "debt-free". Unfortunately, because I live in New York, my interest rate is capped at 15%. Under different circumstances, I'd be willing to pay much, much more. Statement of Need: I made the mistake of taking out payday loans in order to alleviate some initial costs once moving into a new apartment in New York. My credit may be low, but that's only due to some dumb mistakes during College, and I haven't opened any new revolving tradelines since like 2003. I'm willing to pay whatever interest rate available, as they must be better than the payday loans. I realize that my screwups in College have prevented me from getting credit cards, which would have been a much better solution than the payday loans, but unfortunately, this is the predicament I am in. My Payday loans amount to nearly $1200 in total, and I am primarily looking to pay them off with these loan monies. Current Budget: Currently, my outstanding debts include a student loan payment of around $15,000, Revolving Tradelines around $400, and Delinquent Accounts (primarily from College screw-ups) amounting to around $1700. Currently I make a salary of $2472/Month after Taxes (Yearly-$55,000). Payday Loan Payments consume nearly $1300 of this money monthly, with the rest going toward food($150), cable($100), Rent ($975), Cell Phone Payments($50), and Entertainment($100). Largely because of the payday loans, I am unable to pay off many of my outstanding debts. Plan: By obtaining a prosper.com loan in the amount of $1500, I will be able to pay off the outstanding payday loans and begin to pay off many of my outstanding debts, thus increasing my credit. Additionally, I will eliminate Cable TV and cut my Entertainment costs. Again, I realize that I've made some huge blunders in college, but now that I am 24 years old and have a great career, I am ready to get out of this mess. -In order to pay off this loan more quickly, I will pay $104 per month, rather than the suggested $52. Conclusion: I'm just asking you (lenders) to give me a chance to make up for some of the mistakes I've made. I was immature during my college days, and unfortunately, Creditors tend not to forgive so easily. I just need your help, as soon as possible, and I promise you that I will make all of my payments on time (through scheduled ACH deposits-to make sure they do happen). Thank you for your consideration and for reading this, and feel free to contact me with any questions. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 27753 | Just Need to Kill the Payday Loans! | HR | $3,000 @ 15% | Jul 31, 2006 | Withdrawn |
| 27808 | I Just Need to Pay off my Payday Loans! | HR | $1,500 @ 15% | Jul 31, 2006 | Withdrawn |
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