36 month plan to remove DEBT
Click Here to view this listing on Prosper
|Loan Status:||Paid||Origination Date:||2009-11-16||EricsCC ROI:||15%|
|Nov 14, 2009||Current|
|Jul 02, 2011||Payoff in progress|
|Jul 07, 2011||Paid|
Purpose of loan:
Will use the money to help orgainize debt reduction. Loan will give me a fixed interest rate and monthly payment for the next 36 months. Paying off ONE CREDIT CARD with this loan.
My financial situation:
I am a good candidate for this loan because I am currently making my payments to the credit cards. By supporting me with this three year loan, I will continue to make the payments, but support people instead of BANKS. I will also pay more to my other debts since the amount is now fixed on a 36 month note.
Rotating Debt of ~$40,000 is on three credit cards, line of credit, and first prosper loan - 36 month plan to be out of debt.
(1) This loan will payoff one of the credit cards - and give me a payment of ~$400 per month fixed.
(2) Will have paid down the line of credit by May (2010) - balance is $4200 with ~$775 payment per month
(3) First Prosper Loan will be paid off in October (2010) - will request $13,000 loan at that time via Prosper
Plan would be to pay off in 24 months instead of 36 months - so would be ~$750 per month
(4) Remaining two credit cards - will be increasing payments to them with fixed payments above.
Thanks for your time in looking, all questions will be answered
|Borrower's Other Listings|
|266060||Paying off a Credit Card||AA||$9,500 @ 8%||Jan 16, 2008||Loan created|
|378122||Paying off 401K loan||A||$17,500 @ 9%||Aug 05, 2008||Withdrawn|
|378633||Paying down Credit Cards||A||$17,500 @ 18%||Aug 06, 2008||Expired|
|415250||Paying off credit cards||A||$20,000 @ 16%||Apr 29, 2009||Withdrawn|
|415456||Paying off credit cards||A||$9,000 @ 15%||May 01, 2009||Cancelled|
|416550||Paying off credit cards||A||$13,500 @ 17%||Jul 14, 2009||Withdrawn|
|428615||Paying off credit cards||AA||$10,749 @ 13%||Oct 14, 2009||Withdrawn|
|429278||Locking interest rate in for 36 mo.||AA||$10,500 @ 16%||Oct 19, 2009||Withdrawn|
|429677||Locking interest rate in for 36 mo.||AA||$20,000 @ 18%||Oct 26, 2009||Withdrawn|
|431060||36 month plan to remove DEBT||AA||$10,600 @ 16%||Oct 29, 2009||Withdrawn|
|462609||Continuation of 36 month plan||A||$15,000 @ 14%||Jun 15, 2010||Loan created|
|584063||Path to Debt Freedom||A||$18,500 @ 10%||Apr 30, 2012||Loan created|