Paying down credit card debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $8,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 20% |
| Lender Rate: | 13% | Borrower: | myCYT |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-06 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Aug 06, 2008 | Current |
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Purpose of loan: I think that I am getting the hang of listing on Prosper.com. This listing decreased the requested amount and increased the interest rate ceiling. This loan will be used to pay off a portion of my higher interest credit card debt. I previously withdrew a request for a loan for my wedding. When I shared with my parents what I was trying to do they generously gave me a 20 year 0% interest loan for the wedding costs. They encouraged me to ask the Prosper community to support my efforts to pay off my existing higher interest credit card debt with a single, lower interest loan. So, this loan will be used to eliminate my higher interest credit card debt. My financial situation: I am a good candidate for this loan because I am (1) gainfully employed with increased earning potential in the near future, (2) have an excellent education (1 Bachelors degree from a small liberal arts college and 2 Masters degrees from Princeton University) which means great job security, and (3) a very good credit repayment history with all debts paid on-time. Also, I have not used any of my credit cards to make purchases in the past 15 months (I put them in a drawer at home instead of in my wallet), and I will not be using them again. Thank you for reading my profile and considering my proposal. I would really appreciate your temporary help. Monthly net income: $4300 Monthly expenses: $ Housing: $1325 (I own my home) Insurance: $115 Car expenses: $60 (for gas...car loan is paid off) Utilities: $65 Phone, cable, internet: $90 Food, entertainment: $200 Clothing, household expenses $185 Credit cards and other loans: $250 Other expenses: $50 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 370978 | My Wedding... | B | $18,500 @ 22% | Jul 21, 2008 | Withdrawn |
| 372286 | Improve my credit score by paying down school & credit debt | B | $15,000 @ 13% | Jul 23, 2008 | Withdrawn |
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