Paying off High Interest Credit Cards
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | D | DTI: | 17% |
| Lender Rate: | 24% | Borrower: | micjr2 |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-08-27 | EricsCC ROI: | 22% |
| Status History | |
|---|---|
| Aug 26, 2008 | Current |
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Purpose of loan: RELISTED This loan will be used to consolidate high interest credit cards with rates of 22% or more. I recieved advice from bidders on my last listing to retry for a smaller amount and also to list the balances and rates and minimum payments. They are listed here: Card #1 Balance $1,378 minimum payment is $86. Rate is 21.98% Card #2 Balance $1,085 minimum payment is $32. Rate is 22.15% Card #3 Balance $984 minimum payment is $80. Rate is 22.90% My total monthly credit card ppayment is just over $600, but the rates on those other cards are 9-12% so those I'm managing ok. Why a prosper loan, because I'll just have this one payment instead of three and because the minimum payment would be less than the above listed minimum payments but will be paid off in a much shorter time. My financial situation: Fair credit rating. I need to consolidating my debt without the significant hit on my credit rating cause by defaulting. I'm a good candidate for this loan because I've not defaulted on any payments. I accumulated these debts investing in tools for my trade. Any questions will be answer prompty Monthly net income: $ 2,500-3,000. I am willing to provide my current pay stubs as proof Monthly expenses: $ Housing: $ 750.00 Insurance: $ 89.00 Car expenses: $ 250.....gas Utilities: $ 100 electric Phone, cable, internet: $ 200 Food, entertainment: $ 200 Clothing, household expenses $ Credit cards and other loans: $ 600 credit cards only. I have no other loans Other expenses: |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 372369 | Paying off High Interest Credit Cards | D | $10,000 @ 35% | Jul 23, 2008 | Expired |
| 376389 | Paying off High Interest Credit Cards | D | $5,000 @ 35% | Aug 01, 2008 | Expired |
| 380335 | Paying off High Interest Credit Cards | D | $3,500 @ 21% | Aug 09, 2008 | Expired |
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