Please help us get ahead! Consolidate Debt & Rebuild Credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 26% |
| Lender Rate: | 20% | Borrower: | akb |
| Finished | State: | MA | |
| Funded: | 100% | Group: | AA-C Rated Borrowers |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-14 | EricsCC ROI: | 18% |
| Status History | |
|---|---|
| Jul 11, 2008 | Current |
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Purpose of loan: Please help us to pay off our high interest credit cards and clean up our credit. Right now the most important thing to us is paying off our debt and repairing our credit. My financial situation: We are requesting a second Prosper Loan. The first loan was very helpful in a time of emergency. We have not missed a payment. We are looking to consolidate all our debt (including the first Prosper Loan), and use the remaining money to help start a family business. This second Prosper loan will allow as to obtain our goal of being debt free and greatly reduce our monthly expenses, increasing our net income. My husband and I are very hard workers. Currently, we both work full time in the restaurant business. We are blessed to be able to pay our monthly bills even during this difficult economic time, but not able to save much and get ahead. We have a 3-year old and we would love to have more children, building a family is one of our dreams, but feel we should wait until we are financially stable. Being financially responsible is our biggest goal. We can guarantee that we will not miss a monthly loan payment. This opportunity is very important to us. Every month we make more than the minimum payment on our credit cards, but we don't see the balances significantly going down. Our experience with Prosper has shown us that is possible to pay off a loan in a timely fashion by making one single monthly payment. We work at very upscale fine dining restaurants/ hotels so the potential to work more to pay bills is always there creating financial stability, but the work is not very rewarding. We are both trying to pay off our debt so we can change careers & hopefully start a family business. We will both work as much as possible to repay this loan! This loan will change our life! Your help is greatly appreciated! Thank you for your consideration. Monthly net income: $ 7,200.00 Me- $ 2,200.00 Husband- $ 5,000.00 Monthly expenses: $ 4,756.00 Housing: $ 3,000.00 (includes insurance & taxes) Insurance: $ 58.00 Car Insurance: $ 68.00 Utilities: $ 180.00 Phone, cable, internet: $ 100.00 Food, entertainment: $ 200.00 Clothing, household expenses $ 200.00 Credit cards and other loans: $ 650.00 Child care: $ 300.00 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 164738 | Please help us start over! Consolidate Debt & Rebuild Credit | C | $25,000 @ 18% | Jul 09, 2007 | Withdrawn |
| 172578 | Please help us start over! Consolidate Debt & Rebuild Credit | C | $6,001 @ 17% | Jul 19, 2007 | Loan created |
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