Much better than my credit score indicates!
| Listing Information | |||
|---|---|---|---|
| Amount: | $2,000.00 | Status: | Withdrawn |
| Grade: | HR | DTI: | 26% |
| Lender Rate: | 35% | Borrower: | april81978 |
| Finished | State: | MD | |
| Funded: | 0% | Group: | (No Group) |
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Purpose of loan: My first credit card was opened in October 2006 when my father advised me to open a card in my name to begin establishing good credit. I was to use it for books and incidentals, and he would receive and pay the bill until I graduated. I lost him in my junior year to cancer, and since then, my credit score has been well below average. My score is definitely not indicative of the upstanding person that I am. However, because I do have poor credit, when I did need emergency cash, I was unable to receive lending from anyone other than payday loan companies. I didn't take the time to educate myself on the ins and outs of this loan shark type of business and have, unfortunately, put myself further into debt by continuously renewing these loans with astronomical interest rates. I am a young professional and am embarassed by my financial status and know that, if given the opportunity by generous lenders, I would be able to erase the debt, the late payments (I always make my car and student loan payments, but due to the pay day loans, I tend to be late, and am playing catch up - it's a vicious cycle). These payday loans equate to much more than $800 per month from my bank account. Not having these loans will allow me to easily pay off a Prosper funded loan with no issues. My financial situation: I am a good candidate for this loan because once these payday loans are paid off, I will be well on my way to financial freedom and will have much more expendable income to pay this loan off quickly (minus the high interest rates that I am currently paying to the pay day loan companies). Although my credit score doesn't illustrate my good faith to pay, I will pay this loan back on time, each month. Monthly net income: $ 2760 Monthly expenses: $ Housing: $ 600 Insurance: $ 95 Car expenses: $ 500 Utilities: $ 0 Phone, cable, internet: $ 0 Food, entertainment: $ 100 Clothing, household expenses $ 100 Credit cards and other loans: $ 500 Other expenses: $ 0 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 382248 | Relief from Payday Loans!! | HR | $2,000 @ 35% | Aug 13, 2008 | Withdrawn |
| 382478 | My HR rating means a great turnaround for any lender! | HR | $1,000 @ 29% | Aug 14, 2008 | Loan created |
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