Trying to get out of High Interest Debt
Click Here to view this listing on Prosper
|Loan Status:||Paid||Origination Date:||2008-09-05||EricsCC ROI:||16%|
|Sep 04, 2008||Current|
|Oct 08, 2011||Paid|
Purpose of loan:
This loan will be used to pay off credit cards, pay off the remaining $320.00 left on paying off a car and pay off an outstanding medical bill. The remaining money will be used to get that car fixed. It is going to take about $250. My wife and I are trying to get a house in the next twelve months. The debt consolidation will help us save more money every month so we can get to our target down payment.
I am a Good Candidate because:
We currently live with my parents so we don't have a rent/mortgage payment due every month. We also are only $320 dollars from paying off our second car. The first is already paid off. This means that I am highly able to pay the loan off. I have no other debt than the credit cards and my wife's student loan payment.
Monthly net income: $ 1250+
Monthly expenses: $
Housing: $ 0
Insurance: $ It is deducted from my paycheck
Car expenses: $ 300 (insurance and gas)
Utilities: $ 0
Phone, cable, internet: $ 0
Food, entertainment: $ 100
Clothing, household expenses $ 0
Credit cards and other loans: $ 205 - Student Loan; $165 - Credit Card Payments; $75 - Medical Bill Payment
Other expenses: $ 0
Remember this loan will be used to consolidate. This means that the only monthly obligations I will have is your loan, car insurance, gas and my wife's student loans. Meaning that out of $1250 I will have over $500 dollars a month as a cushion. This loan at a reasonable interest rate will not come close to over extending me. Thank you for your consideration. God Bless.