Completed renovation - paying back Credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,400.00 | Status: | Loan created |
| Grade: | C | DTI: | 36% |
| Lender Rate: | 10% | Borrower: | napkindoodle |
| Finished | State: | MA | |
| Funded: | 100% | Group: | Business Owners Cooperative |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-03-11 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Mar 11, 2008 | Current |
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Purpose of loan: This loan will be used to pay back our credit cards and my first prosper loan now that we've finished the kitchen renovation. We bought our house last year, and gutted and rebuilt the kitchen on our own, and to finish up the last of the work we used our credit cards too much and now need to get them paid back. My financial situation: I am a good candidate for this loan because I have a history of paying my current prosper loan, and the new loan will replace the current loan with a similar montly payment. Monthly net income: $ 4000-5500 (February was a $9000 month and I expect to continue to do well, $4000 is the minimum I invoiced in any month last year) Monthly expenses: $ 3500 Housing: $ paid by husband Insurance: $ 60 Car expenses: $ 250 (gas only - car is paid for) Utilities: $ 450 Phone, cable, internet: $ 130 Food, entertainment: $ 1000 Clothing, household expenses $ 100 Credit cards and other loans: $ 750min (includes prosper loan of $286) But I usually pay $1000-1500 ea month. Other expenses: $ 360 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 29581 | Cash Flow Bridge | D | $7,500 @ 21% | Aug 07, 2006 | Loan created |
| 229268 | Growing my business | D | $15,000 @ 12% | Nov 09, 2007 | Withdrawn |
| 252931 | Marketing fund | B | $10,000 @ 15% | Dec 19, 2007 | Expired |
| 268414 | It looks like its going to be a good year! | C | $8,000 @ 15% | Jan 20, 2008 | Withdrawn |
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