Paying off high interest line of credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,000.00 | Status: | Withdrawn |
| Grade: | C | DTI: | 67% |
| Lender Rate: | 18% | Borrower: | rpb29m |
| Finished | State: | GA | |
| Funded: | 0% | Group: | Have Money - Will Bid |
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Hello and thank you for viewing my listing. I graduated with a MBA in December and the job market was not as good as I had hoped. Being unemployed for several months wiped out my savings and forced me to borrow on my line of credit for some unexpected emergencies. Now, I?m back to working. I?m working at LivePerson, making $20/hr as well as The Container Store, making $12/hr. Overall, I?m making about $2,800/month. While I?m working part-time at LivePerson, I anticipate being offered a full-time position within the next few months. I would use the Prosper Loan to pay off the following Line of Credit: $8,000 Line of Credit ------- $8,000 - Total amount of Debt to pay off My current monthly net income is about $2,800. Here's my monthly budget with the prosper loan in place: $586 - Mortgage $55 - Electricity $45 - Telephone $53 - Insurance $100 - Gas $400 - Other debt Not paid off with loan $525 - Groceries $100 - Recreation $100 ? Internet & Cable -------------- $1,964 - total monthly expenditures As you can see, I have over $800/month left over to be used, not only for my Prosper Payment, but for savings and emergencies so that I?m prepared for any future monetary emergencies. I can begin to reduce my debt and get back on track to increasing my credit rating and lowering my debt to credit ratio. I promise that my payments to Prosper will be my top priority each month. I have made 10 payments in a row without missing a single payment on my current Prosper loan. I plan on continuing to make all of my Prosper debt my top priority. On top of being current with my Prosper loan, I have never missed any payments on any debt, rent or insurance that I have had. I am very reliable and take my responsibilities very seriously. You can definitely count on me paying back every penny that I borrow. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 188422 | Getting rid of high interest credit cards | B | $8,000 @ 13% | Aug 16, 2007 | Loan created |
| 370324 | Paying off high interest line of credit | C | $6,000 @ 19% | Jul 21, 2008 | Withdrawn |
| 374664 | Paying off high interest line of credit | C | $5,000 @ 29% | Jul 29, 2008 | Withdrawn |
| 375728 | Paying off high interest line of credit | C | $5,000 @ 29% | Jul 31, 2008 | Withdrawn |
| 379413 | Paying off high interest line of credit | C | $2,500 @ 19% | Aug 07, 2008 | Loan created |
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