Paying off cards. Moving forward
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,981.00 | Status: | Loan created |
| Grade: | C | DTI: | 16% |
| Lender Rate: | 10% | Borrower: | mymemoirs |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Pr*mise Keepers - Guaranteed funding for low-risk borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2008-03-20 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Mar 19, 2008 | Current |
| Aug 05, 2008 | Late |
| Aug 15, 2008 | Current |
| Jan 06, 2009 | Late |
|
About me: I am a thirty-year-old single mother of one beautiful daughter. I have worked for 6 years as a professional freelance writer. My passion is writing, and teaching my daughter about the beautiful outdoors. I will use this loan to pay off several high interest credit cards. My financial situation: I recognize that I have poor credit. Two years ago I went through a divorce. When my husband left, I was pregnant and had no income. He stopped paying the mortgage on a duplex we had just purchased. So, I contacted a realtor and we sold the unit as soon as possible, but my credit was badly damaged. My current debts: Card Name: Balance; Rate: Monthly payment Capital One: $3000; 26.4%; $250 Target Visa: $919.00; 24.24%; $150 Attorney: $5000; 9%; $109 Total: -8981.00 My household income: My monthly income: $2400 I also receive 1600/mo in child support. Total monthly net income: $4000 My monthly budget: Housing: $1500 Car: $150 Utilities: $200 Groceries: $400 Insurance: $450 Phone, cable, internet: $150 Clothing, household expenses: $400 Entertainment: $150 Credit cards and other debt payments: $500 Total monthly expenses: $3900 Impact of Prosper loan: The Prosper loan will be used to pay off both cards currently at 24.24 and 26.4% interest. The Prosper loan I have listed for will cost me $180 per month (though I hope that the rate will be bid down). It will replace $500 in current monthly payments, therefore I will save $320 per month in credit payments. I intend to put half the money I save into my baby?s college fund, and the other half into paying off another debt with my attorney. Thank you! I will try to answer any questions you might have. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 267700 | New Business Venture- Fix Credit ruined in divorce | D | $12,500 @ 15% | Jan 18, 2008 | Expired |
| 278181 | New Business Venture | D | $7,000 @ 15% | Feb 10, 2008 | Withdrawn |
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