Consolidate CC on the way to eliminating consumer debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,924.00 | Status: | Loan created |
| Grade: | B | DTI: | 26% |
| Lender Rate: | 18% | Borrower: | freedompath2 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | Have Money - Will Bid |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-03-25 | EricsCC ROI: | 16% |
| Status History | |
|---|---|
| Mar 25, 2008 | Current |
|
Hello and thank you for viewing our listing. Purpose of the loan: We have the following debts that we will be using the prosper loan to pay off: * Chase: $9,800 The previous prosper loan allowed us to replace the high interest credit cards with a loan that has a term that ends and reduce the overall interest we are paying. I think this is great because it benefits me and other like me instead of the credit card companies. The prosper loans are part of our plan to eliminate our consumer debt and focus our resources on a life and life style that keeps us from having to use the high interest and predatory (you choose your adjective) credit card companies. About Us We are a Christian family. My wife and I have two children. I am an accomplished business and information technology professional. I work for a successful software company as a software consultant. Over the last 10 - 12 years we have worked hard to maintain a good credit history while not perfect it is respectable. And, having recently completed my MBA I now more fully understand the interest rate game large credit card companies have been playing with most of us who are honest and do our best to pay our debts when they are due. I am tired of playing this game with them and am taking my ball to a new court. THANK YOU PROSPER!!! Sure we could continue paying the credit card companies but, WHY? The Budget Our monthly budget is as follows: Monthly net income: $ 6500 Monthly expenses: Housing: $ 2225 Car Insurance: $ 80 Car Expenses: $ 200 Phone, cble, internet: $ 300 Food, entertainment: $ 600 Clothing, healthcare: $ 550 Prosper Loan 1: $ 594 Chase: $ 250 (to be replaced with a 2nd prosper loan) Benefitial: $273 School (Son) $ 400 Babysitting: $150 Savings: $250 Misc $ 500 Total $5878 Leftover $622 - currently used for paying down debt. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 194570 | Consolidate CC on the way to eliminating consumer debt | B | $17,500 @ 13% | Aug 29, 2007 | Loan created |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|