p2p lending at lending club
Dad consolidating debt- take my money!
Homeownership Verified

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Listing Information
Amount: $4,700.00 Status: Loan created
Grade: B DTI: 17%
Lender Rate: 11% Borrower: musky86
Time Left: Finished State: GA
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-03-20 EricsCC ROI: 9%
Status History
Mar 19, 2008 Current
Purpose of loan: I am finally taking the step of consolidating two high-interest credit card debts into one Prosper loan.  The amounts are approximately $950 at 27 %, $2900 at 28.9 %, and 400 at 24 %.  Can you believe we are paying that?  I'd much rather have my money go to a real, honest person instead of Credit Card Companies.


My financial situation: I am a Prosper lender and have had one loan from Prosper, which was paid off in only 2 months since I got a substantial bonus.  Our tax refund this year will be put towards this loan, and we are on time with all monthly payments.  I  have a great job as a server at an upscale, busy restaurant, and my wife is a supervisor at her job.  You can see my credit score has increased by TWO grades since my last loan.

Monthly net income: $ 2600

Monthly expenses: $ 1455
  Housing: $ 0
  Insurance: $ 120
  Car expenses: $ 150      
  Utilities: $ 200
  Phone, cable, internet: $ 60
  Food, entertainment: $ 500
  Clothing, household expenses $ 25
  Credit cards and other loans: $ 300
  Other expenses: $ 100
Borrower's Other Listings
224982 Dad needs short term loan for baby items and utility bills D $3,500 @ 24% Nov 02, 2007 Loan created

 

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