Consolidate my college debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 11% |
| Lender Rate: | 12% | Borrower: | gddunton |
| Finished | State: | NY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-09-04 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Sep 04, 2008 | Current |
| Nov 04, 2008 | Payoff in progress |
| Nov 07, 2008 | Paid |
|
Purpose of loan: This loan will be used to pay off the remaining balance on my student credit card from college. During my 4 years of undergraduate studies at Syracuse University I worked hard and played hard. I slowly racked up a credit card balance, and then during my study abroad in Hong Kong, It ballooned even more. I graduated with a manageable level of debt, but much more than I would like to have. I have since started my full time job and have adequate income to support my payments. My financial situation: I am a good candidate for this loan because I have more than enough cash flow to meet the needs of this loan. I have already taken the first step to get out of debt by transferring a large potion of the balance from my outrageous student card to a 12 month no interest card with Bank of America. Even after the 12 month period it is still a manageable rate. On my new card I have left an adequate credit line for emergencies, as well as room to pay for my every day expenses. I did this so as I pay for my utilities food and other expenses with my new credit card, I pay these off immediately with my income. This creates a situation where paying my utilities and miscellaneous expenses off will cover my monthly credit card payment. I fully intend to make payments for this prosper loan that are larger than the minimums each month as to get out debt sooner rather than later. Monthly net income: $ 2250 Monthly expenses: $ 1850 Housing: $ 700 Insurance: $ 100 Car expenses: $ 250 Utilities: $ 100 Phone, cable, internet: $ 50 Food, entertainment: $ 350 Clothing, household expenses $ 150 Credit cards and other loans: $ 0 Miscellaneous: $150 Net available to Pay Prosper Loan: $400 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 60852 | Strategic Investment | B | $10,001 @ 13% | Nov 13, 2006 | Withdrawn |
| 61261 | Strategic Investment | B | $10,001 @ 15% | Nov 13, 2006 | Withdrawn |
| 62016 | Prosper from Prosper | B | $10,001 @ 15% | Nov 15, 2006 | Expired |
| 298157 | Small Business Start Up | B | $7,500 @ 16% | Jul 03, 2008 | Withdrawn |
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