Refi high intrest Loan 2nd List
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,200.00 | Status: | Loan created |
| Grade: | C | DTI: | 50% |
| Lender Rate: | 19% | Borrower: | dwn2low |
| Finished | State: | NC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-23 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Jun 21, 2008 | Current |
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Purpose of loan: This loan will be used to refinance a existing loan for under it's current rate of 35% I am choosing this as a starting loan since the amount is low and will provide me with some savings as well as establish myself on prosper. I have also choosen this installment loan to save because unlike credit cards there is no temptation to re use the paid off card. I got this loan back when i first got my commision it was under preditory tactics with a vey high interest rate untill the new law passed and they dropped it to 35%. I currently pay $300 a month so anything below that would put me back on budget with the rising fuel cost and everything. My financial situation: I am a good candidate for this loan because I am an Officer in the USAF and integrity and honesty is what I stand for. I have paid consistanly on this loan for the last two years refi the current loan only helps not hinders my abilitys. My current DTI is high due to the fact I am attending graduate school for Clinical Psy through Capella and this school cost more than my Tuition Assistance so I have student loans to cover the rest, however they are defered until I finish. I also have several investments which I could liquadate to pay this loan but with the market down I don't wish to sale low. My credit score is low due to my DTI not because i do not pay my bills. I am now deploy to the desert so this has increase my income temparaily but i am looking for long term relief. Thanks Monthly net income: $ 6000 Monthly expenses: $ Housing: $ 900 Insurance: $ 75 Car expenses: $ 150 (Gas lol) Utilities: $ 150 Phone, cable, internet: $ 135 Food, entertainment: $ 500 Clothing, household expenses $ Credit cards and other loans: $ 1000 Other expenses: $ Investments $300 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 301362 | Refi Auto Loan for lower payments | D | $3,600 @ 8% | Mar 29, 2008 | Withdrawn |
| 344894 | Refi high intrest Loan | C | $5,200 @ 23% | Jun 05, 2008 | Expired |
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