Debt Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $14,000.00 | Status: | Withdrawn |
| Grade: | C | DTI: | 32% |
| Lender Rate: | 16% | Borrower: | snowdogminn |
| Finished | State: | MN | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: The loan will be used to consolidate existing high interest rate credit card debt. The funds will also be used to pay off a small amount of negative equity on an existing car loan. The car has been sold. I need to pay off the difference in the loan and sales price of the car to close the deal. A portion of the loan will be used for my wife's unexpected dental expenses. The remainder will be used to give a bit of help for grandson. My financial situation: I am a good candidate for this loan because I am a financially responsible person with a very good overall credit history. I have worked as a trust officer in the financial services industry for over 18 years. I have a professional degree (8 years total of college and graduate school). My wife has a B.S. degree. She is an eBay Power Seller on eBay for over seven years. Verification of wife's business on eBay: eBay Seller ID is Yuzanaflower. Monthly net income (After Federal, OASDI/EE and StateTax Withholding, but not including optional and discretionary deductions such as medical dental, insurance and 401K deductions that can be adjusted annually): Myself $6,566 Wife $2,200 Total $8,766 Monthly expenses: $ Housing: $1400 Car Insurance: $250 Car expenses: $400 (other car loan) Utilities: $125 Phone, cable, internet: $100 Food, entertainment: $400 Clothing, household expenses $300 Credit cards and other loans: $600 (This payment will be replaced with new lower Propser Loan loan monthly payment) Debt to income ratio on Prosper and credit report does not take into consideration income from my wife's eBay business. Credit report also does not factor in the car loan being paid off with funds from new loan will significantly improve debt/income ratio. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 211389 | Relocation Expenses | C | $3,000 @ 16% | Oct 05, 2007 | Loan created |
| 308905 | Debt Consolidation | C | $9,500 @ 16% | Apr 12, 2008 | Withdrawn |
| 310542 | Debt Consolidation | C | $6,500 @ 26% | Apr 14, 2008 | Withdrawn |
| 310600 | Debt Consolidation | C | $6,500 @ 26% | Apr 14, 2008 | Expired |
| 369360 | Need a Small Loan | D | $2,000 @ 23% | Aug 04, 2008 | Loan created |
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