Island borrower to refinance revolving debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 64% |
| Lender Rate: | 8% | Borrower: | gardenia11 |
| Finished | State: | HI | |
| Funded: | 100% | Group: | Malama Ohana |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-05-09 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| May 09, 2008 | Current |
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Aloha and thank you for considering my loan listing. Purpose of Loan: I am requesting a $6500 Prosper loan to refinance two of my high interest credit cards (29% and 34.4%). I have a total balance of approximately $41,000 in revolving debt, 70% of which was incurred for family reasons. Both of my parents (thankfully, not at the same time) had each been hospitalized within the last 10 years, and checks (from the credit cards) were written to help support them by paying their bills and expenses. The remainder of the debt was generated during graduate school and my first year post-grad, when I was not steadily employed. About me/my income: I have been employed full-time by the government since December 2006. Prior to that, I was in graduate school until December 2005. My current gross annual salary is $45,000, and I anticipate a bonus and salary raise (5%) at the end of this fiscal year. I also receive a $1000 monthly contribution from my parents to help repay the credit card loan. For additional income, I am currently building my freelance work for local advertising agencies. Last year I earned approximately $1000 freelancing in voice-over, and my goal is to generate $2000 or more this year. The majority of this income stream will be directed toward my debt reduction. I am very committed to creating true financial health for myself, as I've gained enormous insight and clarity through the recent family crises on just how crucial this is. I hope to demonstrate to Prosper lenders that I am a solid and dependable borrower through this first loan, as I eventually would like to return for a second refinance opportunity. Thank you for taking the time to review my listing! Monthly Budget: Monthly Net Income: $3977 Monthly Expenses: $1695 Monthly Debt Payments: $2282 |
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