Psychological Consolidation
| Listing Information | |||
|---|---|---|---|
| Amount: | $6,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 14% |
| Lender Rate: | 20% | Borrower: | Jpowers25 |
| Finished | State: | OR | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-03 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Jun 05, 2008 | Current |
|
Purpose of loan: I have 3 credit cards I'm looking to consolidate into one payment. I was married last summer and ended up putting a part of that onto credit. I have been paying everything off since then and am looking for the psychological aspect of consolidating into one debt. I could leave it all under the 3, or have the satisfaction of one last debt to pay off. I haven't used credit (in the sense of it being real credit) since my wedding and hope to not use it again in the future. I do use one rewards card that I pay off monthly. There are inquiries on my credit from moving, getting a new loan, having cable/internet pulls, trying to consolidate these last few cards from a credit union and the other p2p site, as well as a couple checking account pulls. My financial situation: I have a good paying job ($65K a year plus bonus). I currently pay $580 per month on my credit cards. I filed bankruptcy about five and a half years ago and have not been late on any payments for anything since then. I learned a very good lesson and I take pride on being on time. My account currently shows that I am not a homeowner. However, I recently sold my last house and bought another. This was at the end of February and it's not showing on my credit report yet. Also, I have sold and bought a lot on ebay and am proud of my feedback score of 570 (100%) - I think it shows that I'm an honest person. My user name on ebay is jpowers16. I had a previous $8,000 loan from prosper that was paid off. I have about $500 currently loaned out on Prosper. Monthly net income: $ 3542 Monthly expenses: $ Housing: $ 1000 Utilities: $ 150 Phone, cable, internet: $ 50 Food, entertainment: $ 300 Clothing, household expenses $ 100 Credit cards and other loans: $ 580 (I actually spend more than this, but this is my minimum and will go down with this loan) Other expenses: $ 500 Let me know if you have any questions. I have posted some answers to some general questions on the prosper forums. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 21044 | Buying an Engagement Ring | C | $3,950 @ 18% | Jun 21, 2006 | Withdrawn |
| 21278 | Buying an Engagement Ring | C | $8,000 @ 14% | Jun 22, 2006 | Withdrawn |
| 21299 | Beautiful Engagement Ring for A Beautiful Girl | C | $8,000 @ 15% | Jun 22, 2006 | Loan created |
| 223651 | Consolidate Wedding Debt - 2nd Prosper Loan | D | $15,000 @ 15% | Oct 31, 2007 | Withdrawn |
| 267341 | Consolidate Wedding Debt - 2nd Prosper Loan | D | $8,500 @ 17% | Jan 17, 2008 | Withdrawn |
| 312437 | Psychological Consolidation | D | $6,000 @ 17% | May 21, 2008 | Withdrawn |
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