Eliminate High Interest Business Credit Card!
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,700.00 | Status: | Loan created |
| Grade: | A | DTI: | 13% |
| Lender Rate: | 9% | Borrower: | compuboss |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Late | Origination Date: | 2008-08-04 | EricsCC ROI: | 5% |
| Status History | |
|---|---|
| Aug 01, 2008 | Current |
| Sep 19, 2008 | Late |
| Oct 06, 2008 | 1 month late |
| Oct 23, 2008 | Current |
| Nov 20, 2008 | Late |
|
Purpose of loan: This loan will be used to payoff a High Interest Business credit card. My business partner and I expanded our business with a Prosper loan we had obtained to help expand our business. This loan is to payoff a High Interest Business Credit Card which was used for cash advance when we started our business (long before we had heard about prosper). As most of you know the Interest Rate is extremely high when used for cash advances, and so is our minimum monthly payment. This loan will eliminate that high payment with a much smaller one and will help our cash flow in our business, which is growing steadily since the expansion. Please, help us continue that growth! My financial situation: I pay all of my payments on-time and have never been late, not once! I am still employed full time as a Pharmacist, while the business is growing. I have built and maintained and excellent credit rating. My student loans have been paid off early. I make all my payments obligations on time if not early, and I do not spend beyond my means so I have a low debt to income ratio. I also understand the importance of having a good credit rating. Monthly net income: $ 6,500 Monthly expenses: $ 3180 Housing: $ 750 Insurance: $ 200 Car expenses: $ 485 Utilities: $ 80 Phone, cable, internet: $ 95 Food, entertainment: $ 400 Clothing, household expenses $ 80 Credit cards and other loans: $ 1050 Other expenses: $ 40 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 221442 | Expanding Call Center and Advertsing Campaign for Business | A | $25,000 @ 12% | Oct 25, 2007 | Loan created |
| 369197 | Current Borrower: Reduce high Interest Credit Card! | A | $4,700 @ 10% | Jul 17, 2008 | Withdrawn |
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