This loan is guaranteed, just to fill gap in between jobs
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,551.00 | Status: | Loan created |
| Grade: | E | DTI: | 31% |
| Lender Rate: | 19% | Borrower: | cheeseonrice |
| Finished | State: | MN | |
| Funded: | 100% | Group: | Have Money - Will Bid |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-02-28 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Mar 01, 2008 | Current |
|
Hello and thank you for viewing my listing. I recently just started a new job. My old job I made $10/hr, and now I am making $17.50/hr. However, my new employer has a policy of holding your first paycheck, so I have over a month gap between paychecks. Because of this I have gotten behind on bills and may stay behind due to extremely high bank overdraft charges. My credit score is bad right now because I got into a lot of debt in college. I am attending part time right now and expect to graduate in a year. I monitor my credit every month and it has been going up the last year except for the last month or so which I accredit to these bill issues. Unfortunately, since a lot of my credit is maxed, I'm in the deep red with my checking account and still need to keep up with bills, I now need help to get out of them. I have another Prosper loan, and have made every payment, the last eight months. I was at an HR grade with that loan. I would use this Prosper Loan to pay off the following $561.81 - Checking account, Affinity Plus Credit Union $400 (approx.) - Bills put off this month, such as car payments, car insurance, etc. ------- $961.81 - Total amount of Debt to pay off Currently I work for the legislature at my state, and am guaranteed 40/week. I also do web design and security work on the weekends and evenings which on average brings in an additional $500/month. I have always felt that the more I work the less I spend. My current monthly net income is $3033. Here's my monthly budget with the prosper loan in place: Monthly expenses: $ 1460 Housing: $ 300 Insurance: $ 240 Car expenses: $ 250 Utilities, Phone, cable, internet: $ 80 Food, entertainment: $ 150 Clothing, household expenses $ 20 Credit cards and other loans: $ 270 Other expenses: $ 50 As you can see, I have over $1573 left over to be used, not only for my Prosper Payment, but for savings and emergencies, and expedited debt pay downs so that I never get into this situation again. I can begin to live a normal life free from the stress caused by debt. I have learned my lesson. I fully plan to pay off my first Prosper loan early as well as one of my priorities. I promise that my payments to Prosper will be my top priority each month. In fact, I am going to have Prosper automatically withdraw my payments each month so that everyone, including myself, knows that my payment will be made on time, every time. I'm not about to make a mistake with this opportunity to start rebuilding my credit. I really only need approximately $950. The reason I am requesting $2551 is because, under Minnesota law where I reside, I can only offer you this higher interest rate by going over $2550. What this means for you is that as soon as this loan is funded, I will immediately make a payment back of about $1500. I can also guarantee the rest of the loan as I amended my federal tax return and am expecting a refund of $1,051 from student interest payments I made as well as the $300 economic stimulus check we will all be getting. Thank you again for viewing my listing, and God bless. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 146243 | Paying off payroll advance loans | HR | $1,100 @ 18% | Jun 03, 2007 | Withdrawn |
| 146265 | Payroll advance loans | HR | $2,551 @ 22% | Jun 03, 2007 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|