Pay off high interest debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,600.00 | Status: | Loan created |
| Grade: | B | DTI: | 46% |
| Lender Rate: | 19% | Borrower: | Jennworld |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-06-30 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Jun 28, 2008 | Current |
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Purpose of loan: To pay off high interest credit card debt and a personal loan. This is my second attempt, this time for a lower amount. My financial situation: My bills are always paid on time and despite having such a high debt to income ratio it would be more accurate if my husband?s income was factored in to the equation. My goal is to pay off my high interest debt which is one credit card,and a loan for replacing my furnace/AC. The CC is $2800 and the furnace loan is $6800. I make monthly payments of $450 for these two loans. Additional Background info: This is my twelfth year as a teacher and I am starting my sixth year at the same school. My husband is starting his ninth year with the same company. Together our joint income is just over $100K. I wanted to try Prosper.com instead of refinancing my house to pay off the debt because I would like to pay everything off as fast as possible and incur the least amount of interest. Monthly net income: $ 3000 / $5400 (w/husband) Monthly expenses: Housing: $ 320 / 640 Insurance: $ 85 / 170 Car expenses: $ 250 / 500 Utilities: $ 75 / 150 Phone, cable, internet: $ 45 / 90 Food, entertainment: $ 200 / 400 Clothing, household expenses $ 100 / 200 Credit cards and other loans: $ 1564 / 1764 Other expenses: $ 150 / 300 Total Monthly Expenses $2789 / $4214 (w/husband) |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 346832 | Pay off high interest debt | B | $11,000 @ 20% | Jun 10, 2008 | Expired |
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