Eric's Credit Community

Prosper Lender,

Thank you for evaluating my loan. As stated, I am trying to pay off high interest Credit Cards. I make my payments on time, the main thing against me is my DTI which is why the card companies have raised their rates on me. I have not used my charge cards in over 6 months and have been trying to pay them down as fast as possible. I have been putting about $700 a month towards my debtfor the past six months and expect to do so until it is gone.

This loan will pay off my GM Card. That is my highest interest card, therefore, I have been paying that one down first.

Regarding my credit score:

This week, while registering for Prosper, I obtained my credit report from annualcreditreport.com and was surprised to find that I have an deliquent bill for a visit to the ER last year. I thought I had paid this bill a long time ago. I paid the hospital $600, I paid the radiologist for x-rays ($250) but apparently the ER doctors are contracted out and they bill you seperately too. Regardless of the circumstances,I owed them $189 and I paid it this week. So, that is still negatively reported against me.

DTI Adjustment

My debt-to-income which Prosper raises to account for this loan, shouldn't really be 41% this is just a balance transfer. I am moving to a less expensive lender. My DTI was 36% before the adjustment. I understand there they have no way of knowing what I will use this loan for, but as my Lender, I thought you should know.



Again, Thank You for your consideration, I think you will be pleased to have me in your portfolio of borrowers. Please contact me if you have any questions at all.

Best Regards,
Chad [LAST NAME DELETED]
[EMAIL DELETED]