Paying off debt to improve credit
| Listing Information |
| Amount: | $2,600.00 |
Status: | Loan created |
| Grade: | HR |
DTI: | 18% |
| Lender Rate: | 19% |
Borrower: |
Gabs
|
| Time Left: | Finished |
State: | CA |
| Funded: | 100% |
Group: |
PsychDoc's Group
|
| Loan Information |
| Loan Status:
| 4+ months late |
Origination Date:
| 2006-08-31 |
EricsCC ROI:
| -70% |
| Status History |
| Aug 29, 2006 |
Current |
| Aug 16, 2007 |
Late |
| Aug 31, 2007 |
Current |
| Oct 16, 2007 |
Late |
| Nov 02, 2007 |
1 month late |
| Nov 03, 2007 |
Current |
| Nov 23, 2007 |
Late |
| Dec 02, 2007 |
1 month late |
| Jan 02, 2008 |
2 months late |
| Jan 04, 2008 |
Current |
| Jan 16, 2008 |
Late |
| Feb 02, 2008 |
Current |
| Feb 15, 2008 |
Late |
| Feb 20, 2008 |
Current |
| Apr 16, 2008 |
Late |
| May 01, 2008 |
1 month late |
| May 02, 2008 |
Current |
| May 24, 2008 |
Late |
| Jun 05, 2008 |
1 month late |
| Jul 09, 2008 |
2 months late |
| Aug 01, 2008 |
3 months late |
| Sep 01, 2008 |
4+ months late |
Hi. My name is Gabi. In spite of my HR rating on Prosper I actually have a good credit track record - for the most part. I'll explain the bad first. About three years ago I had some financial hardships and I went delinquent on ONE credit card. The credit card company took my three thousand dollar balance, added fees, and increased the interest rate to a staggering amount... then sent it to collection. This brought the balance up to almost five grand. However, I was able to maintain my other credit, and in fact financed and paid off an automobile through Toyota Motor Credit. Additionally, I have been building my credit by making all of my payments on time on my other credit cards, and I also have a second auto loan through CitiFinancial, which is now over a year old. I HAVE NEVER MADE A LATE PAYMENT ON ANY OF THESE ACCOUNTS. I pay all my bills on time and realize the importance of building my credit worthiness.
The reason for this loan is to settle the one collection account mentioned above. I have an offer to settle the account for the three grand that I was responsible for in the first place, and I would like to take advantage of the opportunity. This will really help me improve my credit rating. I'm a 27 year old office manager with a Bachelors Degree in Finance. I have worked for the same company since graduating from college and I have a stable position.
- I have very good job security and I've been with my current employer since graduating college.
- I've been able to manage my credit through hard times and now my income is very stable
- The timely repayment of this loan is extremely important to me. My goal is to pay it off early.
Thank you for your consideration. |
| Borrower's Other Listings |
| 32189 |
Settling the ONE bad item on my credit report |
HR |
$3,000 @ 25% |
Aug 17, 2006 |
Withdrawn |
|
Discussion For This Listing
|
|
No Comments Found For This Listing
| Post A Comment
|
| You must be logged in to post comments on listings. Not yet a member? register here |
|
