Business Debt Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Expired |
| Grade: | B | DTI: | 82% |
| Lender Rate: | 21% | Borrower: | whitsend |
| Finished | State: | LA | |
| Funded: | 11% | Group: | PsychDoc's Group |
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Purpose of loan: Consolidate some of my business debt form my vending business. My financial situation: I am a good candidate for this loan because? This will be my second Prosper loan. I have a perfect payment on my first loan. All my personal bills are payed from the income of my full time job. My business pays only for itself and the occasional treat for my family as the cashflow allows. This loan will be replacing several other loans and lowering my payment. I also purchased a portable building and made my last rent payment today. I have several machines in storage that are paid for that I will be putting out soon increasing my income with no additional expense. (Except for the product sold) Current Business Debt: Payment Balance Prosper $336 $4650 GE Money $450 $11200 payoff Chase $100 $2100 payoff DCU $100 $2200 payoff Rent $250 no more TOTAL $1236 $20150 New Business Debt Plan: Prosper $336 Prosper2 $568 or lower TOTAL $904 SAVINGS $332 mth My DTI is high because... It includes my business debt and my note on my mobile home is a consumer loan so it is not excluded like a mortgage would be. It also doesn't include my business income or my wife's income. My business income is about 1/2 my income and my wife's is over double my income. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 23872 | Consolidate revolving debt | B | $10,000 @ 13% | Jul 10, 2006 | Loan created |
| 243123 | Consolidate revolving debt on established business | C | $15,000 @ 10% | Dec 03, 2007 | Withdrawn |
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