Consolidating Credit Card Debt
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,850.00 | Status: | Loan created |
| Grade: | C | DTI: | 19% |
| Lender Rate: | 27% | Borrower: | Lend2006 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2009-12-16 | EricsCC ROI: | 26% |
| Status History | |
|---|---|
| Dec 16, 2009 | Current |
| Apr 06, 2012 | Payoff in progress |
| Apr 12, 2012 | Paid |
|
Purpose of loan: This loan will be used to pay the balance on five (5) credit card accounts that have either had their interest rates increased, or will be increased in the new year. My financial situation: Here I am again and I still believe that I am an excellent candidate for this loan; I have a full time 12 month position with the local school district which includes health benefits and have a second job (consulting) at a local charter school; I bill them once a month for any hours worked (which vary month to month). I have been a lender with Prosper since February 2006, and have successfully endorsed others to borrow with Prosper; my Propsper account is still active. I anticipate that consolidating my credit card debt into one payment will substantially improve my credit rate, which will in turn help me to refinance my home morgtage next year from an adjustable to a fixed rate. I am also still helping my 89 year old father (who has severe dementia) make up the difference needed with his nursing home expenses, and other day to day incidentals, until his VA benefits begin (hopefully!) sometime in the new year. I will then be in a position to recoup what I've paid on his behalf as the funds are paid retroactively and I am his beneficiary. Monthly net income: $ 2,876 (Salary only) Monthly expenses: $ Housing: $ 1178 Insurance (car and house): $ 128 Car expenses: $ 45 Utilities (SCE and Gas Co): $ 120 Phone, cable, internet: $ 137 Food, entertainment: $ 400 Clothing, household expenses $ 100 Credit cards and other loans (including my father): $ 900 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 305135 | Consolidating Credit Card Debt | B | $10,500 @ 27% | Apr 29, 2009 | Cancelled |
| 417096 | Consolidating Credit Card Debt | C | $8,000 @ 27% | Jul 20, 2009 | Expired |
| 481037 | Pay Prosper & Reduce Unsecured Debt | B | $11,750 @ 13% | Oct 25, 2010 | Loan created |
| 578660 | Consolidate Debt & Home Improvement | B | $15,000 @ 18% | Apr 14, 2012 | Loan created |
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