p2p lending at lending club
Reducing CC Expenses & Utilizing Alternative Fuel Option
Homeownership Verified

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Listing Information
Amount: $7,500.00 Status: Withdrawn
Grade: D DTI: 47%
Lender Rate: 20% Borrower: rusty131
Time Left: Finished State: IN
Funded: 4% Group: (No Group)
We are reviewing our finances and looking at various ways to reduce our expenses.
Through this loan we will be able to payoff some high interest credit cards, pay down on another and invest in a fuel converter to utilize E-85 fuel to reduce travel expenses to work.  

Current Debt
Company         Balance            Interest Rate     Action
A                     2650.00           28                    Pay Off
B                     8500.00           21                    Pay Down
C                     500.00             26                    Pay Off
D                     625.00             25                    Pay Off  

Fuel Converter Approximately $450.00- www.fullflexint.com
Presently there is about a 75 cent difference per gallon. 50 miles per day @ 20 miles per gallon= 2.5 gallons X .75= $1.875 per day x 5 days = $9.375 per week x 4 weeks = $37.50 per month x 12 months = $450.00.
This takes in consideration just work miles traveled.  

Net Monthly Income- $4000.00
Monthly Expenses
Housing- $985.00Utilities- $200.00
Credit Cards- $325.00
Automobile- $350.00
Life Insurance- $100.00
Insurance- $125.00
Cable/Cell Phone- $300.00
Fuel- $400.00- 2 vehicles
Borrower's Other Listings
226671 Paying off my credit cards D $7,500 @ 35% Aug 21, 2008 Withdrawn
389452 Reduce CC Exp, stop overage fees, Utilize Alt Fuel Option D $7,500 @ 25% Aug 27, 2008 Withdrawn
392512 Reduce CC Exp, stop overage fees D $7,500 @ 35% Sep 03, 2008 Expired
396248 Reduce CC Exp, stop overage fees D $6,000 @ 26% Sep 10, 2008 Expired
400392 Reducing CC Debt & Emergency Auto Repair D $6,500 @ 28% Sep 18, 2008 Withdrawn
402277 Emergency Auto Repair & Paying off some CC debt D $3,000 @ 35% Sep 22, 2008 Loan created

 

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