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PLEASE HELP Relist Paying off credit cards, taxes and school
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Listing Information
Amount: $15,000.00 Status: Withdrawn
Grade: A DTI: 0%
Lender Rate: 22% Borrower: koda5675
Time Left: Finished State: MN
Funded: 6% Group: Real Estate Investors of the US


This loan will be used to consolidate high interest credit card debt that occurred during building my business. I will also use a portion of this money to send my child to school. And a small amount will be used for taxes. My cards I would like to pay off because the interest rates are high are as follows:
GAP 22% $800
Home Depot 19.8% $900
GM Money 23% $3,000
Best Buy 20% $989 
Sears 22% $900 
Visa  22% $1,000
Wells Fargo Credit $2200 
The total debt that will be paid off with this loan in three years is $8500.

My taxes are $2500. I just bought a brand new home in Sept. so I could increase my business. My mortgage company did not figure in the higher taxes for this year. It has been taken care of in my payment for next year but was unable to do anything now since they were due this month.   


My son goes to a private elementary school that is an all day program. This allows me to have an extra child in his place for daycare. I do receive financial aid but I will still owe. My parents were able to help out this year but are retiring this spring and will be on a limited budget. It is $4000 for the year. I would rather make a lower interest payment through prosper then put it on a high interest credit card.  

My financial situation: I am a good candidate for this loan because I'm responsible, trustworthy, and hardworking. Most importantly, I want to get out of debt so that I can start new chapter in my life. I have high debt but excellent payment history?
I have never been late on a payment.  A majority of my debt is from a home equity loan.  I have my master?s degree in early childhood education and have worked very hard to get where I am now in my life. I m a single mom and have had to use my credit card to build my business.    I have been self employed for four plus years doing licensed child care in my home. I love my job it is very rewarding seeing the children grow and change. Most of my clients have been with me for several plus years and I have a wait list.  I would like to get out of debt in the next three years and make the money I am paying apply for the balance instead of the high interest.   Thank you for your time and consideration.
My budget is as follows:    
My net income is $50,001-$75,000
Mortgage Payment 1420
Car Payment 400
Credit Card Payments 850
Food and Gas 500
Electric, Gas, Phone 400
Misc. expenses 200    
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343961 PLEASE HELP Relist Paying off credit cards, taxes and school A $15,000 @ 20% Jun 07, 2008 Withdrawn
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369029 Pay Off Credit cards and Taxes A $9,600 @ 15% Jul 18, 2008 Loan created

 

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