Getting rid of Payday Loans
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,100.00 | Status: | Expired |
| Grade: | HR | DTI: | 17% |
| Lender Rate: | 35% | Borrower: | djnaki2322 |
| Finished | State: | AZ | |
| Funded: | 5% | Group: | (No Group) |
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I have relisted asking for a smaller amount. I currently have a loan with Prosper, and make sure my current lenders are always paid. Purpose of loan: This loan will be used to pay off 4 payday loans I foolishly took out for car repair. I moved here to help my parent's (one who was sick at the time) and pretty much used up all my savings and a portion of my Prosper loan to do it. I ran into car trouble that was very very expensive to fix. It's been down hill since then. Taking out one payday loan to pay another and barely scrapping by. I have 4 payday loans out. $589, $289, $550, $550. That equal a total of $1978 to pay them all off. My listing amount is such to also take inconsideration closing fee's. My financial situation: I am a good candidate for this loan because I have a very good job in a field that I have over 20 years of experience in, and a track record of paying the Prosper lenders. I make more than enough money to afford to pay this loan and my current loan with ease . Negative marks: The majority of my DQ's are medical bills that I simply was never able to pay due to lack of insurance and helpng my daughter and grandson. I have contacted 4 of them for verification of an outstanding bill, and disputed 1 that appeared back onto my CR after having it removed by disputing it a year ago. These negative marks are my own fault, and I accept the trouble it has caused me to have been irresponsible with them. I would very much like to start taking care of these like I should have, but I need just a little help with my current PDL's to be able to do that. Monthly net income: $ 2198 Monthly expenses: $ 2234 Housing: $ 600 Insurance: $ 140 Car expenses: $340 Utilities: $ 100 Phone, cable, internet: $ 100 Food, entertainment: $ 150 Clothing, household expenses $ 40 Credit cards and other loans: $ 100 (current Prosper loan) Other expenses: $ 664 (pdl's. this is the interest paid bi-weekly only) I'm usually -$36 a month that I take from my food bill to try to keep my head above water. Monthly expenses AFTER Propser loan $: 1670 Housing: $ 600 Insurance: $ 140 Car Expenses: $ 340 Utilities: $ 100 Phone, cable, internet: $ 100 Food, entertainment: $ 150 Clothing, household expenses: $ 40 Credit cards and other loans: $ 100 (current Prosper loan) Other expenses: $ 100 ( NEW Prosper loan) That will leave me with $528 per month With that I can begin to pay off my negative marks on my credit report like I intended prior to moving, as well as put a little away for emergencies. I don't have good credit. I am the only one to blame for that. I do, however, keep current with my bills now and pay my Prosper lenders back. I have every intention of continuing that behavior as well as work with my collectors to pay them like I should have. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 61344 | Wanting to start over | HR | $5,000 @ 16% | Nov 13, 2006 | Withdrawn |
| 62225 | Getting rid of pay-day loans and focusing on better credit | HR | $2,806 @ 17% | Nov 15, 2006 | Expired |
| 66147 | Getting rid of PayDay loans and Med. bills | HR | $2,800 @ 17% | Nov 26, 2006 | Loan created |
| 351664 | Ready to be free | HR | $3,600 @ 35% | Jun 16, 2008 | Withdrawn |
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