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Debt Reduction Strategy

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Listing Information
Amount: $4,000.00 Status: Loan created
Grade: C DTI: 27%
Lender Rate: 15% Borrower: pman55
Time Left: Finished State: IL
Funded: 100% Group: Coles County Connection
Loan Information
Loan Status: Current Origination Date: 2008-08-15 EricsCC ROI: 13%
Status History
Aug 14, 2008 Current

 I am a good candidate to pay off this loan because I have a steady job for a medical device manufacturer and I want to have all of my outstanding debt paid off in 2 years. I will be able to accomplish that with the help of this loan.


Monthly net income: $2100

Monthly expenses: $1760

  Housing: $437 (includes everything but electric)
  Insurance: $195 (car $65, life $25, and health $105)
  Car expenses: $415.00 (Car payment $315, gas and maintenance $100)
  Utilities: $40.00 (electric)
  Phone: $40.00
  Food, entertainment: $150.00
  Clothing, household expenses $25.00
  Credit cards and other loans: $ 210.00 (Credit Cards 100, Student 110)
  Prosper Loan: $248.00

Borrower's Other Listings
214304 Paying off Credit Cards and Loan C $6,000 @ 21% Oct 19, 2007 Withdrawn
221636 Relist--Consolidating Credit Cards and Bank Loan C $6,000 @ 28% Oct 26, 2007 Loan created

 

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